NYSE:FBP

First BanCorp. - FBP Stock Forecast, Price & News

$14.63

+0.55 (+3.91%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $14.32
▼
$14.67
50-Day Range: $13.46
▼
$16.25
52-Week Range: $11.94
▼
$16.62

Volume: 1.63 million shs
Average Volume: 1.61 million shs
Market Capitalization: $2.75 billion

P/E Ratio: 9.75
Dividend Yield: 3.41%
Price Target: $16.33

First BanCorp. MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 11.6% Upside
$16.33 Price Target
Short Interest: Bearish
4.40% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$2.14 M Sold Last Quarter
Proj. Earnings Growth: 8.70%
From $1.61 to $1.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

372nd out of 925 stocks

State Commercial Banks Industry

75th out of 197 stocks

2.5

Analyst's Opinion

Consensus Rating
First BanCorp. has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.33, First BanCorp. has a forecasted upside of 11.6% from its current price of $14.63.
Amount of Analyst Coverage
First BanCorp. has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.40% of the float of First BanCorp. has been sold short.
Short Interest Ratio / Days to Cover
First BanCorp. has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in First BanCorp. has recently increased by 16.11%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
First BanCorp. pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First BanCorp. has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of First BanCorp. is 32.00%. 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 27.43% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FBP.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for First BanCorp. this week, compared to 1 article on an average week.
MarketBeat Follows
Only 6 people have added First BanCorp. to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First BanCorp. insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,141,000.00 in company stock.
Percentage Held by Insiders
Only 2.10% of the stock of First BanCorp. is held by insiders.
Percentage Held by Institutions
96.24% 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 8.70% in the coming year, from $1.61 to $1.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First BanCorp. is 9.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of First BanCorp. is 9.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.30.
Price to Earnings Growth Ratio
First BanCorp. has a PEG Ratio of 0.88. 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 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First BanCorp. (NYSE:FBP) Stock

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through 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 loans, including commercial real estate and construction loans and floor plan financings; and other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto, boat, credit card, and personal loans; 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); and finance leasing and insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

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FBP Stock News Headlines

October 4, 2022 | finance.yahoo.com

First BanCorp to Announce 3Q 2022 Results on October 25, 2022

September 26, 2022 | finance.yahoo.com

First Bancorp (FBP) Dips More Than Broader Markets: What You Should Know

September 20, 2022 | finance.yahoo.com

Best Value Stocks to Buy for September 20th

September 15, 2022 | finance.yahoo.com

First Bancorp (FBP) Gains As Market Dips: What You Should Know

September 9, 2022 | finance.yahoo.com

First Bancorp (FBP) Gains But Lags Market: What You Should Know

September 8, 2022 | fool.com

Bank of America Is Launching a $0 Down Payment Mortgage Program

September 6, 2022 | technews.tmcnet.com

First Republic Bank to Present at the Barclays Global Financial Services Conference

September 5, 2022 | bizjournals.com

How Bank of Central Florida is growing with its community

August 29, 2022 | finance.yahoo.com

Best Value Stocks to Buy for August 29th

August 26, 2022 | msn.com

Short Volatility Alert: First BanCorp.

August 22, 2022 | finance.yahoo.com

Best Momentum Stocks to Buy for August 22nd

August 19, 2022 | bizjournals.com

Get first look inside Fifth Third Private Bank at Montgomery Quarter: PHOTOS

August 15, 2022 | bizjournals.com

Banking & Finance Roundup: Seacoast to acquire Professional Bank

August 13, 2022 | seekingalpha.com

First BanCorp: Stock Price Due For A Breather, Earnings Likely To Continue Full Steam Ahead

August 6, 2022 | seekingalpha.com

First Interstate BancSystem: Benefits From Acquisition, Organic Growth Appear Priced-In

August 3, 2022 | finance.yahoo.com

Top-Ranked Dividend and Value Stocks to Buy in August

August 3, 2022 | finance.yahoo.com

First BanCorp's (NYSE:FBP) investors will be pleased with their strong 184% return over the last five years

July 26, 2022 | finance.yahoo.com

Here's Why First Bancorp (FBP) is a Great Momentum Stock to Buy

July 22, 2022 | finance.yahoo.com

First BanCorp (FBP) Q2 2022 Earnings Call Transcript

July 22, 2022 | finance.yahoo.com

First BanCorp. Announces Earnings for the Quarter Ended June 30, 2022

July 20, 2022 | nasdaq.com

First BanCorp (NYSE:FBP) jumps 7.6% this week, though earnings growth is still tracking behind five-year shareholder returns

July 20, 2022 | seekingalpha.com

GrandSouth Bancorporation GAAP EPS down Y/Y, revenue up Y/Y, merger with First Bancorp agreed

July 14, 2022 | bizjournals.com

First Resource Bank acquires part of northern Twin Cities bank

July 8, 2022 | nasdaq.com

3 Reasons Why First Bancorp (FBP) Is a Great Growth Stock

July 6, 2022 | finance.yahoo.com

First BanCorp to Announce 2Q 2022 Results on July 22, 2022

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FBP Company Calendar

Last Earnings: 7/22/2022
Ex-Dividend for 9/9 Dividend: 8/24/2022
Dividend Payable: 9/09/2022
Today: 10/05/2022
Next Earnings (Estimated): 10/24/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NYSE:FBP
CUSIP: 31867270
CIK: 1057706
Web: www.1firstbank.com
Phone: (787) 729-8200
Fax: 787-724-5040
Employees: 3,075
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $16.33
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +11.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.50
Trailing P/E Ratio: 9.75
Forward P/E Ratio: 9.09
P/E Growth: 0.88
Net Income: $281.02 million
Net Margins: 33.00%
Pretax Margin: 49.76%
Return on Equity: 16.29%
Return on Assets: 1.52%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 0.70
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $915.87 million
Price / Sales: 3.00
Cash Flow: $1.70 per share
Price / Cash Flow: 8.59
Book Value: $10.22 per share
Price / Book: 1.43

Miscellaneous

Outstanding Shares: 187,990,000
Free Float: 184,038,000
Market Cap: $2.75 billion
Optionable: Optionable
Beta: 1.14

Key Executives

Mr. Aurelio Alemán-Bermudez (Age 63)
Pres, CEO & Director
Comp: $2.94M

Mr. Orlando Berges-González CPA (Age 64)
CPA, Exec. VP & CFO
Comp: $1M

Mr. Donald L. Kafka (Age 62)
Exec. VP & COO
Comp: $880.58k

Mr. Cassan A. Pancham (Age 61)
Exec. VP & Bus. Group Exec.
Comp: $764.71k

Ms. Nayda Rivera-Batista CPA (Age 49)
Exec. VP & Chief Risk Officer
Comp: $818.61k

Mr. Said Ortiz CPA
Chief Accounting Officer, Controller & Sr. VP

Ramon Rodriguez C.F.A.
Sr. VP of Corp. Strategy / Investor Relations

Ms. Sara Alvarez-Cabrero (Age 47)
Exec. VP, Gen. Counsel & Sec. of the Board

Ms. Ginoris López-Lay (Age 54)
Exec. VP & Strategic Management Director

Mr. Thomas Michael McDonald (Age 60)
Exec. VP & Bus. Group Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FBP Stock - Frequently Asked Questions

Should I buy or sell First BanCorp. stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FBP shares.
View FBP analyst ratings or view top-rated stocks.
What is First BanCorp.'s stock price forecast for 2022?: 2 analysts have issued 1 year price targets for First BanCorp.'s stock. Their FBP share price forecasts range from $16.00 to $17.00. On average, they anticipate the company's stock price to reach $16.33 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for FBP or view top-rated stocks among Wall Street analysts.
How have FBP shares performed in 2022?: First BanCorp.'s stock was trading at $13.78 on January 1st, 2022. Since then, FBP shares have increased by 6.2% and is now trading at $14.63.
View the best growth stocks for 2022 here.
Are investors shorting First BanCorp.?: First BanCorp. saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,000,000 shares, an increase of 16.1% from the August 31st total of 6,890,000 shares. Based on an average daily trading volume, of 1,550,000 shares, the short-interest ratio is currently 5.2 days. Approximately 4.4% of the company's shares are short sold.
View First BanCorp.'s Short Interest.
When is First BanCorp.'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our FBP earnings forecast.
How were First BanCorp.'s earnings last quarter?: First BanCorp. (NYSE:FBP) announced its quarterly earnings results on Friday, July, 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The bank earned $227.13 million during the quarter, compared to analysts' expectations of $219.93 million. First BanCorp. had a trailing twelve-month return on equity of 16.29% and a net margin of 33.00%.
How often does First BanCorp. pay dividends? What is the dividend yield for First BanCorp.?: First BanCorp. announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Thursday, August 25th will be given a dividend of $0.12 per share on Friday, September 9th. This represents a $0.48 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, August 24th.
Read our dividend analysis for FBP.

Is First BanCorp. a good dividend stock?: First BanCorp. (NYSE:FBP) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.41%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 27.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBP.
What is Aurelio Alemán's approval rating as First BanCorp.'s CEO?: 17 employees have rated First BanCorp. Chief Executive Officer Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among the company'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."
How do I buy shares of First BanCorp.?: Shares of FBP stock 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 $14.63.
How much money does First BanCorp. make?: First BanCorp. (NYSE:FBP) has a market capitalization of $2.75 billion and generates $915.87 million in revenue each year. The bank earns $281.02 million in net income (profit) each year or $1.50 on an earnings per share basis.
How many employees does First BanCorp. have?: The company employs 3,075 workers across the globe.
How can I contact First BanCorp.?: First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The official website for the company is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at john.pelling@firstbankpr.com, or via fax at 787-724-5040.

This page (NYSE:FBP) was last updated on 10/5/2022 by MarketBeat.com Staff

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First BanCorp. - FBP Stock Forecast, Price & News

First BanCorp. MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month