-logo.gif "First BanCorp. logo")
First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks - NEC
- Sub-Industry: Regional Banks
- Symbol: NYSE:FBP
- CUSIP: 31867270
- Web: www.firstbankpr.com
Capitalization:- Market Cap: $1.27798 billion
- Outstanding Shares: 213,597,000
Average Prices:- 50 Day Moving Avg: $5.76
- 200 Day Moving Avg: $5.96
- 52 Week Range: $4.28 - $7.05
P/E:- Trailing P/E Ratio: 13.93
- Foreward P/E Ratio: 12.74
- P/E Growth: 1.09
Sales & Book Value:- Annual Revenue: $470.43 million
- Price / Sales: 2.72
- Book Value: $8.37 per share
- Price / Book: 0.72
Profitability:- Net Margins: 14.82%
- Return on Equity: 5.31%
- Return on Assets: 0.77%
Debt:- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 0.98%
- Quick Ratio: 0.98%
Misc:- Average Volume: 1.33 million shs.
- Beta: 2.01
- Short Ratio: 2.82
Frequently Asked Questions for First BanCorp. (NYSE:FBP)
What is First BanCorp.'s stock symbol?
First BanCorp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."
How were First BanCorp.'s earnings last quarter?
First BanCorp. (NYSE:FBP) issued its quarterly earnings data on Tuesday, July, 26th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.10. The company earned $123.73 million during the quarter, compared to the consensus estimate of $133.48 million. First BanCorp. had a net margin of 14.82% and a return on equity of 5.31%. During the same quarter last year, the company earned ($0.16) earnings per share. View First BanCorp.'s Earnings History.
Where is First BanCorp.'s stock going? Where will First BanCorp.'s stock price be in 2017?
2 brokers have issued twelve-month price objectives for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.50. On average, they expect First BanCorp.'s share price to reach $7.25 in the next twelve months. View Analyst Ratings for First BanCorp..
Who are some of First BanCorp.'s key competitors?
Some companies that are related to First BanCorp. include Community Bank System (CBU), CVB Financial Corporation (CVBF), Cybg Plc (CYBG), Old National Bancorp (ONB), Close Brothers Group plc (CBG), Astoria Financial Corporation (AF), Towne Bank (TOWN), Capitol Federal Financial (CFFN), First Merchants Corporation (FRME), Cadence Bancorp (CADE), LegacyTexas Financial Group (LTXB), Renasant Corporation (RNST), Banner Corporation (BANR), Ameris Bancorp (ABCB), Simmons First National Corporation (SFNC), First Financial Bancorp. (FFBC), Flagstar Bancorp (FBC) and BancFirst Corporation (BANF).
Who are First BanCorp.'s key executives?
First BanCorp.'s management team includes the folowing people:
- Roberto R. Herencia, Independent Chairman of the Board
- Aurelio Aleman-Bermudez, President, Chief Executive Officer, Director
- Orlando Berges-Gonzalez, Chief Financial Officer, Executive Vice President
- Donald Kafka, Chief Operating Officer, Executive Vice President
- Nayda Rivera-Batista, Executive Vice President, Chief Risk Officer
- Lawrence Odell, Executive Vice President, General Counsel, Secretary
- Calixto Garcia-Velez, Executive Vice President ; Florida Regional Executive and Special Assets Group Director
- Ginoris Lopez-Lay, Executive Vice President, Retail and Banking Director
- T. Michael McDonald, Executive Vice President, Business Group Executive
- Carlos Power Pietrantoni, Executive Vice President, Consumer Lending Business Executive
Who owns First BanCorp. stock?
First BanCorp.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Hartford Investment Management Co. (0.22%), Russell Investments Group Ltd. (0.17%), Aperio Group LLC (0.12%), James Investment Research Inc. (0.10%), Shell Asset Management Co. (0.06%) and Capstone Asset Management Co. (0.03%). Company insiders that own First BanCorp. stock include Cassan Pancham, Ginoris Lopez-Lay, Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Institutional Ownership Trends for First BanCorp..
Who sold First BanCorp. stock? Who is selling First BanCorp. stock?
First BanCorp.'s stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Aperio Group LLC and Capstone Asset Management Co.. Company insiders that have sold First BanCorp. stock in the last year include Cassan Pancham, Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Insider Buying and Selling for First BanCorp..
Who bought First BanCorp. stock? Who is buying First BanCorp. stock?
First BanCorp.'s stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of Alaska Department of Revenue, Bank of Montreal Can, Hartford Investment Management Co., LS Investment Advisors LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for First BanCorp..
How do I buy First BanCorp. stock?
Shares of First BanCorp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First BanCorp.'s stock price today?
One share of First BanCorp. stock can currently be purchased for approximately $5.99.
MarketBeat Community Rating for First BanCorp. (NYSE FBP)MarketBeat's community ratings are surveys of what our community members think about First BanCorp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for First BanCorp. (NYSE:FBP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $7.25 (21.04% upside) |
Analysts' Ratings History for First BanCorp. (NYSE:FBP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/5/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $7.50 | High |  |
| 2/8/2017 | Citigroup Inc. | Initiated Coverage | Neutral | $7.00 | N/A | |
| 4/8/2016 | Piper Jaffray Companies | Initiated Coverage | Overweight | $5.00 | N/A | |
| 8/4/2015 | Stifel Nicolaus | Boost Price Target | Market Perform | $19.00 -> $20.00 | N/A | |
| 7/27/2015 | Guggenheim | Upgrade | Neutral -> Buy | $5.50 | N/A | |
(Data available from 7/26/2015 forward)
Earnings History for First BanCorp. (NYSE:FBP)Earnings History by Quarter for First BanCorp. (NYSE FBP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 4/25/2017 | 3/31/2017 | $0.10 | $0.11 | $139.80 million | $130.79 million | View | N/A | |
| 1/26/2017 | Q416 | $0.09 | $0.11 | $118.97 million | $144.63 million | View | N/A | |
| 10/25/2016 | Q316 | $0.10 | $0.11 | $122.40 million | $144.32 million | View | Listen | |
| 7/26/2016 | Q216 | $0.10 | $0.10 | $133.48 million | $123.73 million | View | Listen | |
| 4/25/2016 | Q1 | $0.08 | $0.11 | $147.10 million | $143.12 million | View | N/A | |
| 1/28/2016 | Q415 | $0.09 | $0.07 | $126.81 million | $148.38 million | View | Listen | |
| 10/26/2015 | Q315 | $0.09 | $0.07 | $134.18 million | $143.69 million | View | Listen | |
| 7/29/2015 | Q2 | $0.11 | ($0.16) | $131.10 million | $133.15 million | View | Listen | |
| 3/12/2015 | Q4 2014 | $0.11 | $0.14 | $149.20 million | $147.05 million | View | N/A | |
| 2/5/2015 | Q4 | $0.11 | $0.12 | $147.37 million | | View | N/A | |
| 10/27/2014 | Q314 | $0.11 | $0.11 | $151.70 million | $143.87 million | View | N/A | |
| 7/29/2014 | Q413 | $0.11 | $0.11 | $156.10 million | $145.84 million | View | N/A | |
| 4/24/2014 | Q313 | $0.10 | $0.08 | $150.13 million | $142.67 million | View | N/A | |
| 2/3/2014 | Q4 13 | $0.11 | $0.07 | $148.05 million | | View | N/A | |
| 10/23/2013 | Q3 13 | $0.09 | $0.09 | | | View | N/A | |
| 7/24/2013 | Q2 2013 | $0.09 | $0.08 | | | View | N/A | |
| 5/3/2013 | Q1 2013 | $0.09 | ($0.02) | $120.52 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for First BanCorp. (NYSE:FBP)Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.47 EPS
Dividend History for First BanCorp. (NYSE:FBP)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for First BanCorp. (NYSE:FBP)Insider Ownership Percentage: 21.10%
Institutional Ownership Percentage: 84.95%
Insider Trades by Quarter for First BanCorp. (NYSE:FBP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/2/2017 | Nayda Rivera | EVP | Sell | 26,081 | $6.05 | $157,790.05 | |
| 5/1/2017 | Gonzalez Orlando Berges | CFO | Sell | 50,000 | $6.02 | $301,000.00 | |
| 5/1/2017 | Lawrence Odell | EVP | Sell | 25,000 | $6.10 | $152,500.00 | |
| 12/5/2016 | Oaktree Fund Gp, Llc | Director | Sell | 10,350,000 | $5.36 | $55,476,000.00 | |
| 11/10/2016 | Nayda Rivera | EVP | Sell | 8,085 | $5.77 | $46,650.45 | |
| 8/8/2016 | Cassan Pancham | EVP | Sell | 5,000 | $4.62 | $23,100.00 | |
| 11/13/2015 | Ginoris Lopez-Lay | EVP | Sell | 10,000 | $3.88 | $38,800.00 | |
| 8/1/2014 | Cassan Pancham | EVP | Sell | 12,000 | $5.06 | $60,720.00 | |
| 9/13/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 840,903 | $6.67 | $5,608,823.01 | |
| 9/13/2013 | Michael Harmon | Director | Sell | 840,904 | $6.67 | $5,608,829.68 | |
| 8/16/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 8,000,000 | $6.67 | $53,360,000.00 | |
| 2/26/2013 | Robert Gormley | Director | Buy | 10,000 | $5.42 | $54,200.00 | |
| 8/16/2012 | Cortada Jose Menendez | Director | Buy | 5,000 | $3.75 | $18,750.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for First BanCorp. (NYSE:FBP)
Latest Headlines for First BanCorp. (NYSE:FBP)
| Source: |
|
| Date | Headline |
|---|
 | First BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - July 17 at 8:53 AM |
 | First BanCorp to Announce 2Q 2017 Results and Hold Conference Call on July 28, 2017
finance.yahoo.com - July 12 at 7:17 PM |
| First BanCorp. (NYSE:FBP) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - July 5 at 10:28 PM |
| Zacks: Brokerages Anticipate First BanCorp. (FBP) to Announce $0.11 EPS
www.americanbankingnews.com - June 30 at 8:22 AM |
| First BanCorp. (FBP) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - June 27 at 10:20 PM |
| First BanCorp. (FBP) Downgraded by BidaskClub
www.americanbankingnews.com - June 24 at 1:12 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : June 22, 2017
finance.yahoo.com - June 22 at 9:53 AM |
| First Bancorp (FBP) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - June 19 at 10:08 PM |
| First BanCorp. (FBP) Upgraded to Hold by BidaskClub
www.americanbankingnews.com - June 18 at 11:26 AM |
| First BanCorp. (FBP) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 16 at 9:22 PM |
 | Commit To Buy First Bancorp At $5, Earn 10% Annualized Using Options
www.nasdaq.com - June 16 at 9:02 PM |
| ETFs with exposure to First BanCorp (Puerto Rico) : June 15, 2017
finance.yahoo.com - June 15 at 7:15 PM |
| Financial Survey: First BanCorp. (FBP) and KB Financial Group (KB)
www.americanbankingnews.com - June 13 at 8:17 AM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bullish Manner : FBP-US : June 12, 2017
finance.yahoo.com - June 12 at 6:00 PM |
| $0.11 Earnings Per Share Expected for First Bancorp (FBP) This Quarter
www.americanbankingnews.com - June 6 at 7:52 AM |
| ETFs with exposure to First BanCorp (Puerto Rico) : June 1, 2017
finance.yahoo.com - June 1 at 5:52 PM |
| First BanCorp (Puerto Rico) :FBP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 31, 2017
finance.yahoo.com - May 31 at 9:25 AM |
| First Bancorp (FBP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - May 26 at 8:42 PM |
| First Bancorp (FBP) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 25 at 10:30 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : May 11, 2017
finance.yahoo.com - May 11 at 5:46 PM |
| Zacks: Brokerages Anticipate First Bancorp (FBP) Will Post Earnings of $0.11 Per Share
www.americanbankingnews.com - May 10 at 2:08 PM |
 | How These Banking Stocks are Faring? -- Grupo Financiero Santander Mexico, First Bancorp, Banco Santander, and Sumitomo Mitsui Financial
www.prnewswire.com - May 4 at 12:30 PM |
| Insider Selling: First Bancorp (FBP) EVP Sells 26,081 Shares of Stock
www.americanbankingnews.com - May 3 at 7:06 PM |
| Lawrence Odell Sells 25,000 Shares of First Bancorp (FBP) Stock
www.americanbankingnews.com - May 2 at 9:56 PM |
| First Bancorp (FBP) CFO Sells $301,000.00 in Stock
www.americanbankingnews.com - May 2 at 9:52 PM |
| First Bancorp (FBP) Receiving Very Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - May 2 at 2:58 PM |
 | North Carolina bank merger as First Bancorp agrees to buy ASB Bancorp
seekingalpha.com - May 1 at 4:57 PM |
| First Bancorp (FBP) Receiving Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 2:51 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bullish Manner : FBP-US : April 27, 2017
finance.yahoo.com - April 28 at 11:15 PM |
| First Bancorp (FBP) Expected to Post Earnings of $0.11 Per Share
www.americanbankingnews.com - April 27 at 1:07 AM |
| Positive Media Coverage Likely to Impact First Bancorp (FBP) Stock Price
www.americanbankingnews.com - April 26 at 11:06 PM |
| Edited Transcript of FBP earnings conference call or presentation 25-Apr-17 2:00pm GMT
finance.yahoo.com - April 26 at 8:14 PM |
| First BanCorp's (FBP) CEO Aurelio Aleman on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 4:49 PM |
| First Bancorp (FBP) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 25 at 2:14 PM |
| First BanCorp. Announces Earnings for the Quarter Ended March 31, 2017
finance.yahoo.com - April 25 at 11:25 AM |
 | First Bancorp posts 1Q profit
marketbeat.com - April 25 at 7:28 AM |
| First Bancorp (FBP) Getting Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 4:00 PM |
| Brokerages Expect First Bancorp (FBP) to Post $0.10 Earnings Per Share
www.americanbankingnews.com - April 19 at 6:21 PM |
| First Bancorp (FBP) Earning Somewhat Favorable Press Coverage, Study Shows
www.americanbankingnews.com - April 18 at 4:08 PM |
| First BanCorp. Announces Payment of Dividends on Preferred Stock - Yahoo Finance
finance.yahoo.com - April 12 at 5:09 PM |
| First BanCorp to Announce 1Q 2017 Results and Hold Conference Call on April 25, 2017
finance.yahoo.com - April 7 at 9:44 AM |
| Keefe, Bruyette & Woods Reaffirms Buy Rating for First Bancorp (FBP)
www.americanbankingnews.com - April 5 at 11:07 PM |
| Macro Headwinds For First Bancorp Stiff, But Longer-Term Thesis Is Strong
seekingalpha.com - March 26 at 9:50 AM |
| FIRST BANCORP /PR/ Financials
finance.yahoo.com - March 23 at 5:37 PM |
 | Research Reports on Banking Equities -- First Bancorp, Grupo Financiero Santander Mexico, Banco Santander, and Sumitomo Mitsui Financial
www.bizjournals.com - March 17 at 5:26 PM |
| FIRST BANCORP /PR/ Files SEC form 10-K, Annual Report
biz.yahoo.com - March 16 at 6:30 PM |
 | First BanCorp. Announces Sale of PREPA Loan - Business Wire (press release)
www.businesswire.com - March 13 at 5:11 PM |
| First BanCorp. Announces Sale of PREPA Loan
finance.yahoo.com - March 13 at 11:48 AM |
 | Citi Starts First BanCorp (FBP) at Neutral - StreetInsider.com - StreetInsider.com
www.streetinsider.com - February 8 at 5:41 PM |
| Coverage initiated on First Bancorp by Citigroup
finance.yahoo.com - February 8 at 5:41 PM |
First BanCorp. (FBP) Chart for Wednesday, July, 26, 2017
