NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$9.80

-0.26 (-2.58 %)

(As of 01/25/2021 12:00 AM ET)

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Today's Range

$9.57

Now: $9.80▼

$9.96

50-Day Range

$8.60

MA: $9.41▼

$10.38

52-Week Range

$3.50

Now: $9.80▼

$10.46

Volume1.24 million shs

Average Volume1.87 million shs

Market Capitalization$2.14 billion

P/E Ratio25.13

Dividend Yield1.99%

Beta1.43

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term loans, as well as Internet banking, cash management, remote data capture, automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2019, the company operated 46 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.

MarketRank^™

Overall MarketRank^™

2.24 out of 5 stars

Finance Sector

112th out of 1,930 stocks

State Commercial Banks Industry

19th out of 307 stocks

1.0 Analyst's Opinion

Consensus Rating
First 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/Downside
According to analysts' consensus price target of $7.00, First BanCorp. has a forecasted downside of 28.6% from its current price of $9.80.
Amount of Analyst Coverage
First BanCorp. has received no research coverage in the past 90 days.

2.3 Community Rank

Outperform Votes
First BanCorp. has received 270 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First BanCorp. has received 307 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First BanCorp. has received 53.21% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First BanCorp. and other stocks. Vote “Outperform” if you believe FBP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FBP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First BanCorp. pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First BanCorp. does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First BanCorp. is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 19.61% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First BanCorp. insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.13% of the stock of First BanCorp. is held by insiders.
Percentage Held by Institutions
85.23% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for First BanCorp. are expected to grow by 175.68% in the coming year, from $0.37 to $1.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First BanCorp. is 25.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of First BanCorp. is 25.13, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.07.
Price to Earnings Growth Ratio
First BanCorp. has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
First BanCorp. has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FBP

Previous Symbol

CUSIP31867270

CIK1057706

Webwww.1firstbank.com

Phone787-729-8200

Employees2,674

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.31

Current Ratio0.89

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio25.13

Forward P/E Ratio26.49

P/E Growth0.73

Sales & Book Value

Annual Sales$766.47 million

Price / Sales2.79

Cash Flow$0.81 per share

Price / Cash Flow12.14

Book Value$10.09 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$0.75

Net Income$167.38 million

Net Margins11.28%

Return on Equity3.63%

Return on Assets0.54%

Miscellaneous

Outstanding Shares218,229,000

Market Cap$2.14 billion

Next Earnings Date1/29/2021 (Confirmed)

OptionableOptionable

$9.80

-0.26 (-2.58 %)

(As of 01/25/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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First BanCorp. (NYSE:FBP) Frequently Asked Questions

How has First BanCorp.'s stock been impacted by COVID-19 (Coronavirus)?

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. Since then, FBP shares have increased by 62.3% and is now trading at $9.80.
View which stocks have been most impacted by COVID-19.

Is First BanCorp. a buy 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" First BanCorp. stock. 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 analyst ratings for First BanCorp. or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than First BanCorp.?

Wall Street analysts have given First BanCorp. a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First BanCorp. wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Aurelio Alemán's approval rating as First BanCorp.'s CEO?

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.

When is First BanCorp.'s next earnings date?

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

How can I listen to First BanCorp.'s earnings call?

First BanCorp. will be holding an earnings conference call on Friday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) announced its quarterly earnings data on Wednesday, November, 4th. The bank reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.02. The bank earned $178.63 million during the quarter, compared to the consensus estimate of $177.11 million. First BanCorp. had a trailing twelve-month return on equity of 3.63% and a net margin of 11.28%. During the same period in the prior year, the business earned $0.20 earnings per share.
View First BanCorp.'s earnings history.

How often does First BanCorp. pay dividends? What is the dividend yield for First BanCorp.?

First BanCorp. announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 27th will be given a dividend of $0.05 per share on Friday, December 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 25th.
View First BanCorp.'s dividend history.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.99%. The dividend payout ratio of First BanCorp. is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 19.61% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

What price target have analysts set for FBP?

1 equities research analysts have issued twelve-month price targets for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate First BanCorp.'s stock price to reach $7.00 in the next twelve months. This suggests that the stock has a possible downside of 28.6%.
View analysts' price targets for First BanCorp. or view Wall Street analyst' top-rated stocks.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest in December. As of December 31st, there was short interest totaling 4,060,000 shares, an increase of 56.2% from the December 15th total of 2,600,000 shares. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.9% of the company's shares are short sold.
View First BanCorp.'s Short Interest.

Who are some of First BanCorp.'s key competitors?

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

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).

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:

Mr. Aurelio AlemÃ¡n-Bermudez, Pres, CEO & Director (Age 61, Pay $1.99M)
Mr. Orlando Berges-GonzÃ¡lez CPA, CPA, Exec. VP, CFO & Interim Chief Accounting Officer (Age 62, Pay $988.92k)
Mr. Donald L. Kafka, Exec. VP & COO (Age 60, Pay $896.99k)
Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 47, Pay $809.09k)
Mr. John B. Pelling III, Investor Relations Officer & Capital Planning Officer
Mr. Lawrence Odell, Exec. VP, Gen. Counsel & Sec. (Age 72)
Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 59)
Ms. Ginoris LÃ³pez-Lay, Exec. VP & Strategic Management Director (Age 52)
Jon P. Swatsburg, Exec. VP of Youth Services (Age 49)

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 a variety of institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (2.92%), State of Alaska Department of Revenue (0.08%), Strs Ohio (0.05%) and First Citizens Bank & Trust Co. (0.01%).
View institutional ownership trends for First BanCorp..

Which institutional investors are selling First BanCorp. stock?

FBP stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, State of Alaska Department of Revenue, Strs Ohio, and First Citizens Bank & Trust Co..
View insider buying and selling activity for First BanCorp. or view top insider-selling stocks.

How do I buy shares of First BanCorp.?

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.

What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $9.80.

How big of a company is First BanCorp.?

First BanCorp. has a market capitalization of $2.14 billion and generates $766.47 million in revenue each year. The bank earns $167.38 million in net income (profit) each year or $0.75 on an earnings per share basis. First BanCorp. employs 2,674 workers across the globe.

What is First BanCorp.'s official website?

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

How can I contact First BanCorp.?

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]

This page was last updated on 1/25/2021 by MarketBeat.com Staff

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