First BanCorp. Stock Forecast, Price & News

1 Wall Street research 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 research 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.

Wall Street analysts have given First BanCorp. a "Hold" 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 decrease in short interest in the month of May. As of May 28th, there was short interest totaling 6,610,000 shares, a decrease of 30.9% from the May 13th total of 9,570,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 3.5 days. Currently, 3.2% 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 Tuesday, July 27th 2021.
View our earnings forecast for First BanCorp..

First BanCorp. (NYSE:FBP) issued its earnings results on Sunday, April, 25th. The bank reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.07. The bank had revenue of $207.22 million for the quarter, compared to analyst estimates of $206.49 million. First BanCorp. had a net margin of 19.08% and a trailing twelve-month return on equity of 7.73%. During the same period in the prior year, the company posted ($0.03) 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 reached pandemic status according to the World Health Organization (WHO). Since then, FBP shares have increased by 108.8% and is now trading at $12.61.
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First BanCorp. announced a quarterly dividend on Wednesday, April 28th. Shareholders of record on Wednesday, May 26th will be given a dividend of $0.07 per share on Friday, June 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, May 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 2.23%. 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 22.05% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

1 Wall Street analysts have issued twelve-month target prices for First BanCorp.'s stock. Their forecasts range from $120.00 to $120.00. On average, they expect First BanCorp.'s share price to reach $120.00 in the next twelve months. This suggests a possible upside of 851.6% from the stock's current price.
View analysts' price targets for First BanCorp. or view top-rated stocks among Wall Street analysts.

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), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), First Horizon (FHN), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.77%), Dimensional Fund Advisors LP (7.84%), Arctis Global LLC (3.11%), Bank of New York Mellon Corp (2.81%), Geode Capital Management LLC (1.88%) and EJF Capital LLC (1.89%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell and Michael Mcdonald.
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, Morgan Stanley, Northern Trust Corp, Alyeska Investment Group L.P., Prudential Financial Inc., Man Group plc, Arrowstreet Capital Limited Partnership, and Federated Hermes Inc.. 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 Rubric Capital Management LP, Canada Pension Plan Investment Board, BlackRock Inc., Schroder Investment Management Group, Stieven Capital Advisors L.P., Geode Capital Management LLC, Bank of New York Mellon Corp, and Russell Investments Group Ltd.. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, and John A Heffern.
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 $12.61.

First BanCorp. has a market capitalization of $2.72 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]