NYSE:FBP First BanCorp. (FBP) Stock Forecast, Price & News $11.58 +0.43 (+3.85%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$11.19▼$11.7150-Day Range$10.71▼$11.7552-Week Range$10.18▼$16.40Volume1.26 million shsAverage Volume1.41 million shsMarket Capitalization$2.08 billionP/E Ratio7.38Dividend Yield4.83%Price Target$14.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media First BanCorp. MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside23.0% Upside$14.25 Price TargetShort InterestHealthy2.01% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$41,155 Bought Last QuarterProj. Earnings Growth3.36%From $1.49 to $1.54 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.30 out of 5 starsFinance Sector699th out of 1,786 stocksState Commercial Banks Industry217th out of 374 stocks 2.0 Analyst's Opinion Consensus RatingFirst BanCorp. has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.25, First BanCorp. has a forecasted upside of 23.0% from its current price of $11.59.Amount of Analyst CoverageFirst BanCorp. has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.01% of the float of First BanCorp. has been sold short.Short Interest Ratio / Days to CoverFirst BanCorp. has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First BanCorp. has recently increased by 15.08%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipFirst BanCorp. is a leading dividend payer. It pays a dividend yield of 4.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFirst BanCorp. has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of First BanCorp. is 35.67%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First BanCorp. will have a dividend payout ratio of 36.36% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FBP. Previous Next 1.3 News and Social Media Coverage News SentimentFirst BanCorp. has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for First BanCorp. this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 1 people have added First BanCorp. to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First BanCorp. insiders have bought more of their company's stock than they have sold. Specifically, they have bought $41,155.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.10% of the stock of First BanCorp. is held by insiders.Percentage Held by Institutions94.38% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for First BanCorp. are expected to grow by 3.36% in the coming year, from $1.49 to $1.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First BanCorp. is 7.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.41.Price to Earnings Ratio vs. SectorThe P/E ratio of First BanCorp. is 7.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.19.Price to Book Value per Share RatioFirst BanCorp. has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First BanCorp. (NYSE:FBP) StockFirst BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. It operates through the following segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment consists of the company's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Consumer (Retail) Banking segment includes consumer lending and deposit-taking activities conducted mainly through FirstBank's branch network in Puerto Rico. The Mortgage Banking segment focuses on the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment deals with treasury and investment management functions. The United States Operations segment represents all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment includes all banking activities conducted by FirstBank in the U.S. Virgin Islands aRead More Receive FBP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First BanCorp. and its competitors with MarketBeat's FREE daily newsletter. Email Address FBP Stock News HeadlinesMay 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on First BanCorp. (NYSE:FBP)May 21, 2023 | americanbankingnews.comFirst BanCorp. (NYSE:FBP) Announces $0.14 Quarterly DividendJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 16, 2023 | americanbankingnews.comFirst BanCorp. (NYSE:FBP) Short Interest Up 13.8% in AprilMay 2, 2023 | seekingalpha.comFirst BanCorp.: Earnings Likely To Dip Despite Loan GrowthMay 2, 2023 | finance.yahoo.comFirst BanCorp. (NYSE:FBP) Q1 2023 Earnings Call TranscriptApril 29, 2023 | msn.comIs the banking crisis over? Experts weigh in after First Republic Bank shares plungeApril 29, 2023 | msn.comFirst Bancorp PR (FBP) Declares $0.14 DividendJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.April 28, 2023 | cbsnews.comFirst Republic Bank shares plunge as rescue hopes falterApril 28, 2023 | finance.yahoo.comResults: First BanCorp. Exceeded Expectations And The Consensus Has Updated Its EstimatesApril 28, 2023 | msn.comFederal Agencies Reportedly Helping With First Republic Bank’s Rescue PlanApril 28, 2023 | americanbankingnews.comFirst BanCorp. (NYSE:FBP) Stock Price Up 4.9% on Better-Than-Expected EarningsApril 25, 2023 | bizjournals.comHow will the First Republic Bank saga end? Here are 3 scenarios as its stock continues to plunge.April 25, 2023 | seekingalpha.comFirst BanCorp. 2023 Q1 - Results - Earnings Call PresentationApril 25, 2023 | msn.comFirst Bancorp (FBP) Q1 Earnings and Revenues Surpass EstimatesApril 25, 2023 | forbes.comFirst Republic Bank’s Earnings Call Did Not Inspire ConfidenceApril 25, 2023 | markets.businessinsider.comFirst BanCorp Q1 Profit Down, Yet Beats View; Net Interest Income RisesApril 25, 2023 | finance.yahoo.comFirst BanCorp. Announces Earnings for the Quarter Ended March 31, 2023April 25, 2023 | markets.businessinsider.comFirst Republic Bank Stock (NYSE:FRC): Bank Crisis Overblown; Easy Earnings BeatApril 24, 2023 | msn.comEast Memphis First Horizon Bank robbed, police sayApril 24, 2023 | americanbankingnews.comFirst BanCorp. (FBP) Set to Announce Earnings on TuesdayApril 19, 2023 | benzinga.comThe First Bancorp Announces First Quarter EarningsApril 10, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in First BanCorp. (FBP) Stock?April 7, 2023 | americanbankingnews.comFirst BanCorp. (NYSE:FBP) Shares Gap Down on Analyst DowngradeApril 6, 2023 | bizjournals.comFirst Community Bank opens first Charlotte-area branch in Rock HillApril 6, 2023 | msn.comWells Fargo Maintains First Bancorp (FBP) Equal-Weight RecommendationSee More Headlines FBP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FBP Company Calendar Ex-Dividend for 3/10 Dividend2/23/2023Dividend Payable3/10/2023Last Earnings4/25/2023Ex-Dividend for 6/9 Dividend5/23/2023Today6/01/2023Dividend Payable6/09/2023Next Earnings (Estimated)7/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:FBP CUSIP31867270 CIK1057706 Webwww.1firstbank.com Phone(787) 729-8200Fax787-724-5040Employees3,133Year Founded1948Price Target and Rating Average Stock Price Forecast$14.25 High Stock Price Forecast$16.00 Low Stock Price Forecast$12.50 Forecasted Upside/Downside+23.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.57 Trailing P/E Ratio7.38 Forward P/E Ratio7.78 P/E GrowthN/ANet Income$305.07 million Net Margins29.26% Pretax Margin42.37% Return on Equity21.11% Return on Assets1.55% Debt Debt-to-Equity Ratio0.79 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$918.39 million Price / Sales2.27 Cash Flow$1.83 per share Price / Cash Flow6.32 Book Value$7.82 per share Price / Book1.48Miscellaneous Outstanding Shares179,790,000Free Float176,013,000Market Cap$2.08 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesAurelio Alemán-BermúdezPresident, Chief Executive Officer & DirectorDonald L. KafkaChief Operating Officer & Executive Vice PresidentOrlando Berges-GonzálezChief Financial Officer & Executive Vice PresidentNayda Rivera-BatistaChief Risk Officer & Executive Vice PresidentSara Álvarez CabreroSecretary, Executive VP & General CounselKey CompetitorsIndependent BankNASDAQ:INDBCathay General BancorpNASDAQ:CATYAmeris BancorpNASDAQ:ABCBTexas Capital BancsharesNASDAQ:TCBISeacoast Banking Co. of FloridaNASDAQ:SBCFView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 2,619 shares on 5/26/2023Ownership: 0.015%Brandywine Global Investment Management LLCBought 98,047 shares on 5/25/2023Ownership: 0.143%Royce & Associates LPBought 35,195 shares on 5/23/2023Ownership: 0.034%Toroso Investments LLCBought 11,110 shares on 5/23/2023Ownership: 0.014%American TrustSold 2,115 shares on 5/22/2023Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions FBP Stock - Frequently Asked Questions Should I buy or sell First BanCorp. stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FBP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBP, but not buy additional shares or sell existing shares. View FBP analyst ratings or view top-rated stocks. What is First BanCorp.'s stock price forecast for 2023? 1 brokerages have issued 12 month price objectives for First BanCorp.'s stock. Their FBP share price forecasts range from $12.50 to $16.00. On average, they predict the company's share price to reach $14.25 in the next year. This suggests a possible upside of 23.0% from the stock's current price. View analysts price targets for FBP or view top-rated stocks among Wall Street analysts. How have FBP shares performed in 2023? First BanCorp.'s stock was trading at $12.72 at the start of the year. Since then, FBP shares have decreased by 8.9% and is now trading at $11.5850. View the best growth stocks for 2023 here. Are investors shorting First BanCorp.? First BanCorp. saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,510,000 shares, an increase of 15.1% from the April 30th total of 3,050,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the shares of the company are sold short. View First BanCorp.'s Short Interest. When is First BanCorp.'s next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023. View our FBP earnings forecast. How were First BanCorp.'s earnings last quarter? First BanCorp. (NYSE:FBP) announced its quarterly earnings results on Tuesday, April, 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The bank had revenue of $274.91 million for the quarter, compared to analyst estimates of $226.91 million. First BanCorp. had a trailing twelve-month return on equity of 21.11% and a net margin of 29.26%. During the same period in the prior year, the firm posted $0.41 EPS. How often does First BanCorp. pay dividends? What is the dividend yield for First BanCorp.? First BanCorp. announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Wednesday, May 24th will be given a dividend of $0.14 per share on Friday, June 9th. This represents a $0.56 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Tuesday, May 23rd. Read our dividend analysis for FBP. What ETFs hold First BanCorp.'s stock? ETFs with the largest weight of First BanCorp. (NYSE:FBP) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), Newday Ocean Health ETF (AHOY), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG). Is First BanCorp. a good dividend stock? First BanCorp. (NYSE:FBP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.82%. FBP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FBP. What is Aurelio Alemán's approval rating as First BanCorp.'s CEO? 17 employees have rated First BanCorp. Chief Executive Officer Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among the company's employees. This puts Aurelio Alemán in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of First BanCorp. own? Based on aggregate information from My MarketBeat watchlists, some companies that other First BanCorp. investors own include General Electric (GE), Freeport-McMoRan (FCX), Intel (INTC), Huntington Bancshares (HBAN), KeyCorp (KEY), AT&T (T), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD) and Bank of America (BAC). What is First BanCorp.'s stock symbol? First BanCorp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP." Who are First BanCorp.'s major shareholders? First BanCorp.'s stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.92%), Dimensional Fund Advisors LP (6.77%), American Century Companies Inc. (5.77%), State Street Corp (5.33%), FMR LLC (4.69%) and Bank of New York Mellon Corp (2.43%). Insiders that own company stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald, Nayda Rivera, Patricia Eaves, Roberto R Herencia and Tracey A Dedrick. View institutional ownership trends. How do I buy shares of First BanCorp.? Shares of FBP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is First BanCorp.'s stock price today? One share of FBP stock can currently be purchased for approximately $11.59. How much money does First BanCorp. make? First BanCorp. (NYSE:FBP) has a market capitalization of $2.08 billion and generates $918.39 million in revenue each year. The bank earns $305.07 million in net income (profit) each year or $1.57 on an earnings per share basis. How many employees does First BanCorp. have? The company employs 3,133 workers across the globe. How can I contact First BanCorp.? First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The official website for the company is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at john.pelling@firstbankpr.com, or via fax at 787-724-5040. This page (NYSE:FBP) was last updated on 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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