-logo.gif "First BanCorp. logo")
First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks - NEC
- Sub-Industry: Regional Banks
- Symbol: NYSE:FBP
- CUSIP: 31867270
- Web: www.firstbankpr.com
Capitalization:- Market Cap: $1.18796 billion
- Outstanding Shares: 213,899,000
Average Prices:- 50 Day Moving Avg: $5.85
- 200 Day Moving Avg: $5.84
- 52 Week Range: $4.51 - $7.05
P/E:- Trailing P/E Ratio: 11.96
- Foreward P/E Ratio: 11.00
- P/E Growth: 0.96
Sales & Book Value:- Annual Revenue: $477.76 million
- Price / Sales: 2.46
- Book Value: $8.52 per share
- Price / Book: 0.65
Profitability:- Net Margins: 15.17%
- Return on Equity: 5.57%
- Return on Assets: 0.83%
Debt:- Debt-to-Equity Ratio: 0.49%
- Current Ratio: 1.00%
- Quick Ratio: 1.00%
Misc:- Average Volume: 1.41 million shs.
- Beta: 2.01
- Short Ratio: 2.82
Frequently Asked Questions for First BanCorp. (NYSE:FBP)
What is First BanCorp.'s stock symbol?
First BanCorp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."
How were First BanCorp.'s earnings last quarter?
First BanCorp. (NYSE:FBP) issued its earnings results on Friday, July, 28th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $144.45 million for the quarter, compared to the consensus estimate of $145.55 million. First BanCorp. had a net margin of 15.17% and a return on equity of 5.57%. During the same period in the previous year, the firm earned $0.10 earnings per share. View First BanCorp.'s Earnings History.
When will First BanCorp. make its next earnings announcement?
Where is First BanCorp.'s stock going? Where will First BanCorp.'s stock price be in 2017?
2 analysts have issued 12 month price objectives for First BanCorp.'s stock. Their predictions range from $7.00 to $7.50. On average, they anticipate First BanCorp.'s share price to reach $7.25 in the next twelve months. View Analyst Ratings for First BanCorp..
Who are some of First BanCorp.'s key competitors?
Some companies that are related to First BanCorp. include International Bancshares Corporation (IBOC), Close Brothers Group plc (CBG), CVB Financial Corporation (CVBF), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), Renasant Corporation (RNST), Astoria Financial Corporation (AF), Capital Bank Financial Corp. (CBF), First Merchants Corporation (FRME), Towne Bank (TOWN), Banner Corporation (BANR), Capitol Federal Financial (CFFN), Flagstar Bancorp (FBC), Cadence Bancorp (CADE), LegacyTexas Financial Group (LTXB), BofI Holding (BOFI), Simmons First National Corporation (SFNC) and Ameris Bancorp (ABCB).
Who are First BanCorp.'s key executives?
First BanCorp.'s management team includes the folowing people:
- Roberto R. Herencia, Independent Chairman of the Board
- Aurelio Aleman-Bermudez, President, Chief Executive Officer, Director
- Orlando Berges-Gonzalez, Chief Financial Officer, Executive Vice President
- Donald Kafka, Chief Operating Officer, Executive Vice President
- Nayda Rivera-Batista, Executive Vice President, Chief Risk Officer
- Lawrence Odell, Executive Vice President, General Counsel, Secretary
- Calixto Garcia-Velez, Executive Vice President ; Florida Regional Executive and Special Assets Group Director
- Ginoris Lopez-Lay, Executive Vice President, Retail and Banking Director
- T. Michael McDonald, Executive Vice President, Business Group Executive
- Carlos Power Pietrantoni, Executive Vice President, Consumer Lending Business Executive
Who owns First BanCorp. stock?
First BanCorp.'s stock is owned by a number of of institutional and retail investors. Top institutional investors include Lee Thomas H Partners LP (9.36%), BlackRock Inc. (8.95%), Vanguard Group Inc. (7.23%), Dimensional Fund Advisors LP (5.03%),
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
(4.70%) and
THOMAS H. LEE ADVISORS (ALTERNATIVE) VI, LTD.
(4.60%). Company insiders that own First BanCorp. stock include Cassan Pancham, Ginoris Lopez-Lay, Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Institutional Ownership Trends for First BanCorp..
Who sold First BanCorp. stock? Who is selling First BanCorp. stock?
First BanCorp.'s stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., JPMorgan Chase & Co., QS Investors LLC, California Public Employees Retirement System, Bank of New York Mellon Corp, OxFORD Asset Management LLP, James Investment Research Inc. and Hennessy Advisors Inc.. Company insiders that have sold First BanCorp. stock in the last year include Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Insider Buying and Selling for First BanCorp..
Who bought First BanCorp. stock? Who is buying First BanCorp. stock?
First BanCorp.'s stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, BlackRock Inc., Frontier Capital Management Co. LLC, Dimensional Fund Advisors LP, Teachers Advisors LLC, Vanguard Group Inc., Jacobs Asset Management LLC and FMR LLC. View Insider Buying and Selling for First BanCorp..
How do I buy First BanCorp. stock?
Shares of First BanCorp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First BanCorp.'s stock price today?
One share of First BanCorp. stock can currently be purchased for approximately $5.50.
MarketBeat Community Rating for First BanCorp. (NYSE FBP)MarketBeat's community ratings are surveys of what our community members think about First BanCorp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for First BanCorp. (NYSE:FBP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $7.25 (31.82% upside) |
Analysts' Ratings History for First BanCorp. (NYSE:FBP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/5/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $7.50 | High |  |
| 2/8/2017 | Citigroup Inc. | Initiated Coverage | Neutral | $7.00 | N/A | |
| 4/8/2016 | Piper Jaffray Companies | Initiated Coverage | Overweight | $5.00 | N/A | |
(Data available from 8/20/2015 forward)
Earnings History for First BanCorp. (NYSE:FBP)Earnings History by Quarter for First BanCorp. (NYSE FBP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/23/2017 | | $0.11 | | | | | N/A | |
| 7/28/2017 | 6/30/2017 | $0.11 | $0.13 | $145.55 million | $144.45 million | View | N/A | |
| 4/25/2017 | 3/31/2017 | $0.10 | $0.11 | $139.80 million | $130.79 million | View | N/A | |
| 1/26/2017 | Q416 | $0.09 | $0.11 | $118.97 million | $144.63 million | View | N/A | |
| 10/25/2016 | Q316 | $0.10 | $0.11 | $122.40 million | $144.32 million | View | Listen | |
| 7/26/2016 | Q216 | $0.10 | $0.10 | $133.48 million | $123.73 million | View | Listen | |
| 4/25/2016 | Q1 | $0.08 | $0.11 | $147.10 million | $143.12 million | View | N/A | |
| 1/28/2016 | Q415 | $0.09 | $0.07 | $126.81 million | $148.38 million | View | Listen | |
| 10/26/2015 | Q315 | $0.09 | $0.07 | $134.18 million | $143.69 million | View | Listen | |
| 7/29/2015 | Q2 | $0.11 | ($0.16) | $131.10 million | $133.15 million | View | Listen | |
| 3/12/2015 | Q4 2014 | $0.11 | $0.14 | $149.20 million | $147.05 million | View | N/A | |
| 2/5/2015 | Q4 | $0.11 | $0.12 | $147.37 million | | View | N/A | |
| 10/27/2014 | Q314 | $0.11 | $0.11 | $151.70 million | $143.87 million | View | N/A | |
| 7/29/2014 | Q413 | $0.11 | $0.11 | $156.10 million | $145.84 million | View | N/A | |
| 4/24/2014 | Q313 | $0.10 | $0.08 | $150.13 million | $142.67 million | View | N/A | |
| 2/3/2014 | Q4 13 | $0.11 | $0.07 | $148.05 million | | View | N/A | |
| 10/23/2013 | Q3 13 | $0.09 | $0.09 | | | View | N/A | |
| 7/24/2013 | Q2 2013 | $0.09 | $0.08 | | | View | N/A | |
| 5/3/2013 | Q1 2013 | $0.09 | ($0.02) | $120.52 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for First BanCorp. (NYSE:FBP)Current Year EPS Consensus Estimate: $0.47 EPS
Next Year EPS Consensus Estimate: $0.5 EPS
Dividend History for First BanCorp. (NYSE:FBP)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for First BanCorp. (NYSE:FBP)Insider Ownership Percentage: 21.10%
Institutional Ownership Percentage: 86.34%
Insider Trades by Quarter for First BanCorp. (NYSE:FBP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/7/2017 | Oaktree Fund Gp, Llc | Insider | Sell | 10,000,000 | $5.66 | $56,600,000.00 | |
| 5/2/2017 | Nayda Rivera | EVP | Sell | 26,081 | $6.05 | $157,790.05 | |
| 5/1/2017 | Gonzalez Orlando Berges | CFO | Sell | 50,000 | $6.02 | $301,000.00 | |
| 5/1/2017 | Lawrence Odell | EVP | Sell | 25,000 | $6.10 | $152,500.00 | |
| 12/5/2016 | Oaktree Fund Gp, Llc | Director | Sell | 10,350,000 | $5.36 | $55,476,000.00 | |
| 11/10/2016 | Nayda Rivera | EVP | Sell | 8,085 | $5.77 | $46,650.45 | |
| 8/8/2016 | Cassan Pancham | EVP | Sell | 5,000 | $4.62 | $23,100.00 | |
| 11/13/2015 | Ginoris Lopez-Lay | EVP | Sell | 10,000 | $3.88 | $38,800.00 | |
| 8/1/2014 | Cassan Pancham | EVP | Sell | 12,000 | $5.06 | $60,720.00 | |
| 9/13/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 840,903 | $6.67 | $5,608,823.01 | |
| 9/13/2013 | Michael Harmon | Director | Sell | 840,904 | $6.67 | $5,608,829.68 | |
| 8/16/2013 | H. Lee Advisors (Altern Thomas | major shareholder | Sell | 8,000,000 | $6.67 | $53,360,000.00 | |
| 2/26/2013 | Robert Gormley | Director | Buy | 10,000 | $5.42 | $54,200.00 | |
| 8/16/2012 | Cortada Jose Menendez | Director | Buy | 5,000 | $3.75 | $18,750.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for First BanCorp. (NYSE:FBP)
Latest Headlines for First BanCorp. (NYSE:FBP)
| Source: |
|
| Date | Headline |
|---|
 | Zacks: Brokerages Anticipate First BanCorp. (FBP) to Announce $0.12 EPS
www.americanbankingnews.com - August 13 at 2:24 PM |
| First BanCorp. (NYSE:FBP) Insider Sells $56,600,000.00 in Stock
www.americanbankingnews.com - August 9 at 7:34 PM |
 | First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : August 9, 2017
finance.yahoo.com - August 9 at 6:43 PM |
| First BanCorp. Announces that THL and Oaktree Price Secondary Offering of 20 Million Shares
finance.yahoo.com - August 3 at 3:33 PM |
 | First Bancorp. (FBP) Holders THL and Oaktree Commence Secondary Offering of 20M Shares
www.streetinsider.com - August 2 at 7:25 PM |
| First BanCorp. (FBP) Upgraded at Zacks Investment Research
www.americanbankingnews.com - August 1 at 9:46 PM |
| Edited Transcript of FBP earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:47 AM |
 | First BanCorp. Reveals 25% Increase In Q2 Profit
www.rttnews.com - July 28 at 4:46 PM |
 | First Bancorp's (FBP) CEO Aurelio Alemán-Bermudez on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 28 at 4:46 PM |
| Investor Network: First Bancorp to Host Earnings Call
finance.yahoo.com - July 28 at 4:46 PM |
| First BanCorp. Announces Earnings for the Quarter Ended June 30, 2017
finance.yahoo.com - July 28 at 4:46 PM |
| First BanCorp. (NYSE:FBP) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - July 28 at 2:53 PM |
| First BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - July 17 at 8:53 AM |
| First BanCorp to Announce 2Q 2017 Results and Hold Conference Call on July 28, 2017
finance.yahoo.com - July 12 at 7:17 PM |
| First BanCorp. (NYSE:FBP) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - July 5 at 10:28 PM |
| Zacks: Brokerages Anticipate First BanCorp. (FBP) to Announce $0.11 EPS
www.americanbankingnews.com - June 30 at 8:22 AM |
| First BanCorp. (FBP) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - June 27 at 10:20 PM |
| First BanCorp. (FBP) Downgraded by BidaskClub
www.americanbankingnews.com - June 24 at 1:12 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : June 22, 2017
finance.yahoo.com - June 22 at 9:53 AM |
| First Bancorp (FBP) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - June 19 at 10:08 PM |
| First BanCorp. (FBP) Upgraded to Hold by BidaskClub
www.americanbankingnews.com - June 18 at 11:26 AM |
| First BanCorp. (FBP) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 16 at 9:22 PM |
 | Commit To Buy First Bancorp At $5, Earn 10% Annualized Using Options
www.nasdaq.com - June 16 at 9:02 PM |
| ETFs with exposure to First BanCorp (Puerto Rico) : June 15, 2017
finance.yahoo.com - June 15 at 7:15 PM |
| Financial Survey: First BanCorp. (FBP) and KB Financial Group (KB)
www.americanbankingnews.com - June 13 at 8:17 AM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bullish Manner : FBP-US : June 12, 2017
finance.yahoo.com - June 12 at 6:00 PM |
| $0.11 Earnings Per Share Expected for First Bancorp (FBP) This Quarter
www.americanbankingnews.com - June 6 at 7:52 AM |
| ETFs with exposure to First BanCorp (Puerto Rico) : June 1, 2017
finance.yahoo.com - June 1 at 5:52 PM |
| First BanCorp (Puerto Rico) :FBP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 31, 2017
finance.yahoo.com - May 31 at 9:25 AM |
| First Bancorp (FBP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - May 26 at 8:42 PM |
| First Bancorp (FBP) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 25 at 10:30 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : May 11, 2017
finance.yahoo.com - May 11 at 5:46 PM |
| Zacks: Brokerages Anticipate First Bancorp (FBP) Will Post Earnings of $0.11 Per Share
www.americanbankingnews.com - May 10 at 2:08 PM |
 | How These Banking Stocks are Faring? -- Grupo Financiero Santander Mexico, First Bancorp, Banco Santander, and Sumitomo Mitsui Financial
www.prnewswire.com - May 4 at 12:30 PM |
| Insider Selling: First Bancorp (FBP) EVP Sells 26,081 Shares of Stock
www.americanbankingnews.com - May 3 at 7:06 PM |
| Lawrence Odell Sells 25,000 Shares of First Bancorp (FBP) Stock
www.americanbankingnews.com - May 2 at 9:56 PM |
| First Bancorp (FBP) CFO Sells $301,000.00 in Stock
www.americanbankingnews.com - May 2 at 9:52 PM |
| First Bancorp (FBP) Receiving Very Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - May 2 at 2:58 PM |
| North Carolina bank merger as First Bancorp agrees to buy ASB Bancorp
seekingalpha.com - May 1 at 4:57 PM |
| First Bancorp (FBP) Receiving Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 2:51 PM |
| First BanCorp (Puerto Rico) breached its 50 day moving average in a Bullish Manner : FBP-US : April 27, 2017
finance.yahoo.com - April 28 at 11:15 PM |
| First Bancorp (FBP) Expected to Post Earnings of $0.11 Per Share
www.americanbankingnews.com - April 27 at 1:07 AM |
| Positive Media Coverage Likely to Impact First Bancorp (FBP) Stock Price
www.americanbankingnews.com - April 26 at 11:06 PM |
| Edited Transcript of FBP earnings conference call or presentation 25-Apr-17 2:00pm GMT
finance.yahoo.com - April 26 at 8:14 PM |
| First BanCorp's (FBP) CEO Aurelio Aleman on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 4:49 PM |
| First Bancorp (FBP) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 25 at 2:14 PM |
| First BanCorp. Announces Earnings for the Quarter Ended March 31, 2017
finance.yahoo.com - April 25 at 11:25 AM |
 | First Bancorp posts 1Q profit
marketbeat.com - April 25 at 7:28 AM |
| First Bancorp (FBP) Getting Positive News Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 4:00 PM |
| Brokerages Expect First Bancorp (FBP) to Post $0.10 Earnings Per Share
www.americanbankingnews.com - April 19 at 6:21 PM |
First BanCorp. (FBP) Chart for Sunday, August, 20, 2017
