S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$13.59
-0.22 (-1.59%)
(As of 11/29/2021 04:00 PM ET)
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Today's Range
$13.58
$14.19
50-Day Range
$11.96
$14.71
52-Week Range
$7.92
$14.91
Volume
1.67 million shs
Average Volume
1.84 million shs
Market Capitalization
$2.79 billion
P/E Ratio
11.33
Dividend Yield
2.90%
Beta
1.32
30 days | 90 days | 365 days | Advanced Chart
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First BanCorp. logo

About First BanCorp.

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

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
31867270
Employees
3,317
Year Founded
N/A

Sales & Book Value

Annual Sales
$804.21 million
Cash Flow
$0.56 per share
Book Value
$10.51 per share

Profitability

Net Income
$102.27 million
Pretax Margin
41.28%

Debt

Price-To-Earnings

Miscellaneous

Free Float
200,915,000
Market Cap
$2.79 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/24/2021
Ex-Dividend
11/24/2021
Today
11/30/2021
Dividend Payable
12/10/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/04/2022

MarketRank

Overall MarketRank

3.18 out of 5 stars

Finance Sector

20th out of 1,340 stocks

State Commercial Banks Industry

2nd out of 233 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -












First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" First BanCorp. stock.
View analyst ratings for First BanCorp.
or view top-rated stocks.

How has First BanCorp.'s stock price 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 stock has increased by 125.0% and is now trading at $13.59.
View which stocks have been most impacted by COVID-19
.

Are investors shorting First BanCorp.?

First BanCorp. saw a decline in short interest in November. As of November 15th, there was short interest totaling 3,620,000 shares, a decline of 24.6% from the October 31st total of 4,800,000 shares. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the company's shares are sold short.
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 Friday, February 4th 2022.
View our earnings forecast for First BanCorp.
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) issued its earnings results on Sunday, October, 24th. The bank reported $0.37 EPS for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.06. The bank had revenue of $214.69 million for the quarter, compared to analysts' expectations of $208.92 million. First BanCorp. had a net margin of 27.97% and a trailing twelve-month return on equity of 12.89%. During the same quarter in the previous year, the company posted $0.10 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 22nd. Stockholders of record on Friday, November 26th will be given a dividend of $0.10 per share on Friday, December 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Wednesday, November 24th. This is a positive change from First BanCorp.'s previous quarterly dividend of $0.07.
View First BanCorp.'s dividend history
.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.90%. First BanCorp. does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 28.78% 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 analysts have issued twelve-month price objectives for First BanCorp.'s shares. Their forecasts range from $16.00 to $120.00. On average, they expect First BanCorp.'s share price to reach $68.00 in the next year. This suggests a possible upside of 400.4% 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, Chief Financial Officer & Executive Vice President
  • Nayda Rivera-Batista, Chief Risk Officer & Executive Vice President
  • Sara Álvarez Cabrero, Secretary, Chief Legal Officer & Executive VP

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.

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. (14.80%), Dimensional Fund Advisors LP (7.84%), Bank of New York Mellon Corp (3.01%), Arrowstreet Capital Limited Partnership (2.13%), Frontier Capital Management Co. LLC (1.96%) and American Century Companies Inc. (1.92%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald, Nayda Rivera and Patricia Eaves.
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 Wellington Management Group LLP, BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, Dimensional Fund Advisors LP, Geode Capital Management LLC, Frontier Capital Management Co. LLC, UBS Group AG, and Two Sigma Advisers LP. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, Michael Mcdonald, and Nayda Rivera.
View insider buying and selling activity for First BanCorp.
or view top insider-selling stocks.

Which institutional investors are buying First BanCorp. stock?

FBP stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, American Century Companies Inc., Goldman Sachs Group Inc., Jupiter Asset Management Ltd., Victory Capital Management Inc., FJ Capital Management LLC, Arrowstreet Capital Limited Partnership, and Point72 Asset Management L.P.. 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.

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 $13.59.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.79 billion and generates $804.21 million in revenue each year. The bank earns $102.27 million in net income (profit) each year or $1.20 on an earnings per share basis.

How many employees does First BanCorp. have?

First BanCorp. employs 3,317 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, via email at [email protected], or via fax at 787-724-5040.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

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