NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$11.54
-0.20 (-1.70 %)
(As of 04/22/2021 12:00 AM ET)
Add
Compare
Today's Range
$11.52
Now: $11.54
$11.83
50-Day Range
$10.85
MA: $11.54
$12.22
52-Week Range
$4.30
Now: $11.54
$12.59
Volume1.62 million shs
Average Volume1.98 million shs
Market Capitalization$2.52 billion
P/E Ratio29.59
Dividend Yield2.39%
Beta1.43
First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services through its subsidiaries. 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 and the British Virgin Islands. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.
First BanCorp. logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP31867270
Phone(787) 729-8200
Employees2,674
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$766.47 million
Cash Flow$0.95 per share
Book Value$10.09 per share

Profitability

Net Income$167.38 million

Miscellaneous

Market Cap$2.52 billion
Next Earnings Date4/26/2021 (Confirmed)
OptionableOptionable

Headlines

Why You Shouldn't Bet Against First BanCorp (FBP) Stock
April 16, 2021 |  finance.yahoo.com
First BanCorp. (NYSE:FBP) Price Target Raised to $120.00
April 14, 2021 |  americanbankingnews.com
First BanCorp. (NYSE:FBP) PT Raised to $120.00
April 14, 2021 |  americanbankingnews.com
First BanCorp. PFD PERP SER E (FBPRL)
April 7, 2021 |  uk.finance.yahoo.com
Recap: First BanCorp Q4 Earnings
January 29, 2021 |  finance.yahoo.com
Earnings Outlook For First BanCorp
January 28, 2021 |  finance.yahoo.com
First BanCorp/Puerto Rico
January 23, 2021 |  bloomberg.com
FBP Crosses Above Average Analyst Target
January 7, 2021 |  nasdaq.com
See More Headlines

MarketRank

Overall MarketRank

2.52 out of 5 stars

Finance Sector

22nd out of 1,947 stocks

State Commercial Banks Industry

2nd out of 309 stocks

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$11.54
-0.20 (-1.70 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive FBP News and Ratings via Email

Sign-up to receive the latest news and ratings for FBP and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last year. 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 top-rated stocks.

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.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,560,000 shares, an increase of 30.1% from the March 15th total of 6,580,000 shares. Based on an average daily volume of 2,010,000 shares, the short-interest ratio is currently 4.3 days. Currently, 4.0% of the shares of the stock are short sold.
View First BanCorp.'s Short Interest
.

When is First BanCorp.'s next earnings date?

First BanCorp. is scheduled to release its next quarterly earnings announcement on Monday, April 26th 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 Monday, April 26th 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) issued its earnings results on Thursday, January, 28th. The bank reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.05. The bank had revenue of $207.97 million for the quarter, compared to analysts' expectations of $207.61 million. First BanCorp. had a net margin of 11.28% and a trailing twelve-month return on equity of 3.63%. During the same period in the prior year, the company posted $0.19 earnings per share.
View First BanCorp.'s earnings history
.

How has First BanCorp.'s stock price been impacted by Coronavirus?

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FBP shares have increased by 91.1% and is now trading at $11.54.
View which stocks have been most impacted by COVID-19
.

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

First BanCorp. announced a quarterly dividend on Thursday, January 28th. Investors of record on Friday, February 26th will be paid a dividend of $0.07 per share on Friday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, February 25th. This is a boost from First BanCorp.'s previous quarterly dividend of $0.05.
View First BanCorp.'s dividend history
.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.39%. First BanCorp. does not yet have a strock track record of dividend growth. The dividend payout ratio of First BanCorp. is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 27.45% 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 Wall Street analysts have issued 1 year price objectives for First BanCorp.'s stock. Their forecasts range from $120.00 to $120.00. On average, they expect First BanCorp.'s stock price to reach $120.00 in the next twelve months. This suggests a possible upside of 939.9% from the stock's current price.
View analysts' price targets for First BanCorp.
or view top-rated stocks among Wall Street analysts.

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:
  • Aurelio Alemán-Bermúdez, President, Chief Executive Officer & Director
  • Donald L. Kafka, Chief Operating Officer & Executive Vice President
  • Orlando Berges-González, Executive VP, Chief Financial & Accounting Officer
  • Nayda Rivera-Batista, Chief Risk Officer & Executive Vice President
  • Emilio Martinó-Valdés, Chief Lending Officer & Executive Vice President

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.

Who are some of First BanCorp.'s key 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).

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 retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.22%), State of Alaska Department of Revenue (0.07%), New York State Teachers Retirement System (0.05%), Louisiana State Employees Retirement System (0.05%), Oregon Public Employees Retirement Fund (0.04%) and Everence Capital Management Inc. (0.02%). Company insiders that own First BanCorp. stock include John A Heffern and Lawrence Odell.
View institutional ownership trends for First BanCorp.
.

Which major investors are selling First BanCorp. stock?

FBP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, New York State Teachers Retirement System, and Louisiana State Employees Retirement System.
View insider buying and selling activity for First BanCorp.
or view top insider-selling stocks.

Which major investors are buying First BanCorp. stock?

FBP stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Everence Capital Management Inc., and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for First BanCorp.
or or view top insider-buying 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.
Compare Top Brokerages Here.

What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $11.54.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.52 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.

How many employees does First BanCorp. have?

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.

Where are First BanCorp.'s headquarters?

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

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 4/23/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.