NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$11.05

+0.56 (+5.34 %)

(As of 03/1/2021 12:00 AM ET)

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Today's Range

$10.68

Now: $11.05▼

$11.10

50-Day Range

$9.10

MA: $10.02▼

$11.06

52-Week Range

$3.50

Now: $11.05▼

$11.25

Volume1.17 million shs

Average Volume1.78 million shs

Market Capitalization$2.41 billion

P/E Ratio28.33

Dividend Yield2.67%

Beta1.43

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in 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 real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; 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); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term loans, as well as Internet banking, cash management, remote data capture, automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2019, the company operated 46 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.

Headlines

Should You Buy First BanCorp. (NYSE:FBP) For Its Upcoming Dividend?
February 20, 2021 | nasdaq.com

First BanCorp. (NYSE:FBP) Passed Our Checks, And It's About To Pay A US$0.07 Dividend
February 20, 2021 | finance.yahoo.com

First Bancorp (FBP) Q4 Earnings and Revenues Surpass Estimates
January 29, 2021 | msn.com

Recap: First BanCorp Q4 Earnings
January 29, 2021 | finance.yahoo.com

First BanCorp. Q4 Adj. Earnings Top Estimates - Quick Facts
January 29, 2021 | nasdaq.com

First BanCorp Announces Increase in Quarterly Cash Dividend to $0.07 Per Share
January 28, 2021 | finance.yahoo.com

Earnings Outlook For First BanCorp
January 28, 2021 | finance.yahoo.com

First BanCorp/Puerto Rico
January 23, 2021 | bloomberg.com

First BanCorp. to Announce 4Q 2020 Results on January 29, 2021
January 14, 2021 | finance.yahoo.com

Stock market exuberance is here to stay, Credit Suisse says. Here’s why investors can be positive
January 11, 2021 | msn.com

FBP Crosses Above Average Analyst Target
January 7, 2021 | nasdaq.com

FBP Jun 2021 12.000 call
January 6, 2021 | uk.finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FBP

Previous Symbol

CUSIP31867270

CIK1057706

Webwww.1firstbank.com

Phone787-729-8200

Employees2,674

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.31

Current Ratio0.89

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio28.33

Forward P/E Ratio29.86

P/E Growth0.73

Sales & Book Value

Annual Sales$766.47 million

Price / Sales3.15

Cash Flow$0.91 per share

Price / Cash Flow12.14

Book Value$10.09 per share

Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)$0.75

Net Income$167.38 million

Net Margins11.28%

Return on Equity3.63%

Return on Assets0.54%

Miscellaneous

Outstanding Shares218,229,000

Market Cap$2.41 billion

Next Earnings Date4/29/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.24 out of 5 stars

Finance Sector

104th out of 1,938 stocks

State Commercial Banks Industry

17th out of 310 stocks

1.0 Analyst's Opinion

Consensus Rating
First BanCorp. has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, First BanCorp. has a forecasted downside of 36.7% from its current price of $11.05.
Amount of Analyst Coverage
First BanCorp. has received no research coverage in the past 90 days.

2.3 Community Rank

Outperform Votes
First BanCorp. has received 271 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First BanCorp. has received 309 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First BanCorp. has received 53.28% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First BanCorp. and other stocks. Vote “Outperform” if you believe FBP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FBP will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First BanCorp. pays a meaningful dividend of 2.67%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First BanCorp. has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First BanCorp. is 37.33%. 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 27.45% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First BanCorp. insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.13% of the stock of First BanCorp. is held by insiders.
Percentage Held by Institutions
85.23% 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 175.68% in the coming year, from $0.37 to $1.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First BanCorp. is 28.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of First BanCorp. is 28.33, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.25.
Price to Earnings Growth Ratio
First BanCorp. has a PEG Ratio of 0.73. 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 1.10. 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

$11.05

+0.56 (+5.34 %)

(As of 03/1/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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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.

When is First BanCorp.'s next earnings date?

First BanCorp. is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for First BanCorp..

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) issued its quarterly earnings results on Thursday, January, 28th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. First BanCorp. had a trailing twelve-month return on equity of 3.63% and a net margin of 11.28%. During the same quarter last year, the firm posted $0.19 earnings per share.
View First BanCorp.'s earnings history.

How has First BanCorp.'s stock price been impacted by Coronavirus (COVID-19)?

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FBP shares have increased by 82.9% and is now trading at $11.05.
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 yield of 2.53%. The ex-dividend date of this dividend is Thursday, February 25th. This is an increase 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 2.67%. 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 twelve-month price objectives for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.00. On average, they expect First BanCorp.'s stock price to reach $7.00 in the next year. This suggests that the stock has a possible downside of 36.7%.
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:

Mr. Aurelio AlemÃ¡n-Bermudez, Pres, CEO & Director (Age 62, Pay $1.99M)
Mr. Orlando Berges-GonzÃ¡lez CPA, CPA, Exec. VP, CFO & Interim Chief Accounting Officer (Age 63, Pay $988.92k)
Mr. Donald L. Kafka, Exec. VP & COO (Age 61, Pay $896.99k)
Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 48, Pay $809.09k)
Mr. John B. Pelling III, Investor Relations Officer & Capital Planning Officer
Mr. Lawrence Odell, Exec. VP, Gen. Counsel & Sec. (Age 73)
Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 60)
Ms. Ginoris LÃ³pez-Lay, Exec. VP & Strategic Management Director (Age 53)
Jon P. Swatsburg, Exec. VP of Youth Services (Age 50)

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?

Some companies that are related to First BanCorp. include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of FBP's 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.27%), Dimensional Fund Advisors LP (7.99%), Frontier Capital Management Co. LLC (2.92%), Bank of New York Mellon Corp (2.64%), Northern Trust Corp (2.08%) and Morgan Stanley (1.89%).
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 Frontier Capital Management Co. LLC, Jacobs Asset Management LLC, BlackRock Inc., Panagora Asset Management Inc., JPMorgan Chase & Co., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, and Renaissance Technologies LLC.
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 acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Schroder Investment Management Group, rhino investment partners Inc, Healthcare of Ontario Pension Plan Trust Fund, Healthcare of Ontario Pension Plan Trust Fund, Richard Bernstein Advisors LLC, HoldCo Asset Management L.P., and Nuveen Asset Management LLC.
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 $11.05.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.41 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 3/2/2021 by MarketBeat.com Staff

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