First BanCorp. Stock Forecast, Price & News

Wall Street analysts have given First BanCorp. a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First BanCorp. wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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First BanCorp. saw a drop in short interest in the month of August. As of August 13th, there was short interest totaling 5,030,000 shares, a drop of 12.5% from the July 29th total of 5,750,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.5% of the company's shares are short sold.
View First BanCorp.'s Short Interest.

First BanCorp. is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for First BanCorp..

First BanCorp. (NYSE:FBP) announced its quarterly earnings data on Thursday, July, 22nd. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The bank had revenue of $214.67 million for the quarter, compared to analysts' expectations of $204.66 million. First BanCorp. had a net margin of 23.52% and a trailing twelve-month return on equity of 10.30%. During the same quarter in the previous year, the firm earned $0.10 earnings per share.
View First BanCorp.'s earnings history.

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FBP stock has increased by 98.0% and is now trading at $11.96.
View which stocks have been most impacted by COVID-19.

First BanCorp. announced a quarterly dividend on Thursday, July 29th. Investors of record on Thursday, August 26th will be paid a dividend of $0.07 per share on Friday, September 10th. This represents a $0.28 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 25th.
View First BanCorp.'s dividend history.

First BanCorp. pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.33%. First BanCorp. does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 20.44% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

17 employees have rated First BanCorp. CEO Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among First BanCorp.'s employees. This puts Aurelio Alemán in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to First BanCorp. include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
View all of FBP's competitors.

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).

First BanCorp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."

First BanCorp.'s stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.64%), Vanguard Group Inc. (11.21%), Dimensional Fund Advisors LP (7.73%), State Street Corp (7.02%), Bank of New York Mellon Corp (2.90%) and Frontier Capital Management Co. LLC (2.06%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald and Patricia Eaves.
View institutional ownership trends for First BanCorp..

FBP stock was sold by a variety of institutional investors in the last quarter, including Arctis Global LLC, FMR LLC, Alyeska Investment Group L.P., Point72 Asset Management L.P., X Square Capital LLC, Frontier Capital Management Co. LLC, BlackRock Inc., and JPMorgan Chase & Co.. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, and Michael Mcdonald.
View insider buying and selling activity for First BanCorp. or view top insider-selling stocks.

FBP stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, American Century Companies Inc., Prospector Partners LLC, Hotchkis & Wiley Capital Management LLC, New York State Common Retirement Fund, Invesco Ltd., Healthcare of Ontario Pension Plan Trust Fund, and Thrivent Financial for Lutherans. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, John A Heffern, and Patricia Eaves.
View insider buying and selling activity for First BanCorp. or or view top insider-buying stocks.

Shares of FBP 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.
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One share of FBP stock can currently be purchased for approximately $11.96.

First BanCorp. has a market capitalization of $2.49 billion and generates $804.21 million in revenue each year. The bank earns $102.27 million in net income (profit) each year or $0.44 on an earnings per share basis.

First BanCorp. employs 3,317 workers across the globe.

The official website for First BanCorp. is www.1firstbank.com.

First BanCorp. is headquartered at 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908.

First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The bank can be reached via phone at (787) 729-8200 or via email at [email protected].