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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$13.43
+0.61 (+4.76%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$12.94
$13.43
50-Day Range
$12.82
$15.25
52-Week Range
$10.88
$16.62
Volume
2.61 million shs
Average Volume
1.87 million shs
Market Capitalization
$2.65 billion
P/E Ratio
9.26
Dividend Yield
3.74%
Price Target
$16.50
30 days | 90 days | 365 days | Advanced Chart

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FBP Stock Forecast (MarketRank)

Overall MarketRank

3.02 out of 5 stars

Finance Sector

175th out of 1,364 stocks

State Commercial Banks Industry

42nd out of 239 stocks

Analyst Opinion: 2.5Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
First BanCorp. logo

About First BanCorp. (NYSE:FBP)

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial 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 engages 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 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; and residential mortgages, home equity loans, lines of credit, and term and construction loans, as well as Internet banking, cash management, remote data capture, and automated clearing house transaction 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 based in Santurce, Puerto Rico.

FBP Stock News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
31867270
Employees
3,075
Year Founded
N/A

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 6/10 Dividend
5/24/2022
Dividend Payable
6/10/2022
Today
6/26/2022
Next Earnings (Estimated)
7/22/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+22.9%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
2 Analysts

Profitability

Net Income
$281.02 million
Pretax Margin
50.41%

Debt

Sales & Book Value

Annual Sales
$915.87 million
Cash Flow
$1.72 per share
Book Value
$10.22 per share

Miscellaneous

Free Float
193,366,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
1.10














First BanCorp. Frequently Asked Questions

Should I buy or sell First BanCorp. stock right now?

2 Wall Street 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 analysts is that investors should "buy" First BanCorp. stock.
View analyst ratings for First BanCorp.
or view top-rated stocks.

What is First BanCorp.'s stock price forecast for 2022?

2 brokers have issued 1 year price targets for First BanCorp.'s shares. Their FBP stock forecasts range from $16.00 to $17.00. On average, they expect First BanCorp.'s share price to reach $16.50 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
View analysts' price targets for First BanCorp.
or view top-rated stocks among Wall Street analysts.

How has First BanCorp.'s stock price performed in 2022?

First BanCorp.'s stock was trading at $13.78 at the start of the year. Since then, FBP stock has decreased by 2.5% and is now trading at $13.43.
View the best growth stocks for 2022 here
.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 5,320,000 shares, an increase of 22.9% from the May 15th total of 4,330,000 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.8% of the company's stock are short sold.
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, July 22nd 2022.
View our earnings forecast for First BanCorp.
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) posted its earnings results on Thursday, April, 28th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The bank had revenue of $218.48 million for the quarter, compared to analyst estimates of $213.55 million. First BanCorp. had a net margin of 32.77% and a trailing twelve-month return on equity of 15.21%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS.
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 Wednesday, April 27th. Investors of record on Wednesday, May 25th will be given a dividend of $0.12 per share on Friday, June 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Tuesday, May 24th. This is a boost from First BanCorp.'s previous quarterly dividend of $0.10.
View First BanCorp.'s dividend history
.

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 3.74%. First BanCorp. 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 of First BanCorp. is 33.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 29.27% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:
  • Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 63, Pay $2.94M)
  • Mr. Orlando Berges-González CPA, CPA, Exec. VP & CFO (Age 64, Pay $1M)
  • Mr. Donald L. Kafka, Exec. VP & COO (Age 62, Pay $880.58k)
  • Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 61, Pay $764.71k)
  • Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 49, Pay $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, Exec. VP, Gen. Counsel & Sec. of the Board (Age 47)
  • Ms. Ginoris López-Lay, Exec. VP & Strategic Management Director (Age 54)
  • Mr. Thomas Michael McDonald, Exec. VP & Bus. Group Director (Age 60)

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.78%), Vanguard Group Inc. (12.48%), Dimensional Fund Advisors LP (7.79%), State Street Corp (6.93%), American Century Companies Inc. (4.30%) and Bank of New York Mellon Corp (2.61%). 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, Patricia Eaves and Roberto R Herencia.
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 Bank of New York Mellon Corp, Jupiter Asset Management Ltd., Canada Pension Plan Investment Board, Lord Abbett & CO. LLC, JPMorgan Chase & Co., Bank of America Corp DE, Goldman Sachs Group Inc., and BlackRock Inc.. Company insiders that have sold First BanCorp. company stock in the last two years include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, Michael Mcdonald, Nayda Rivera, and Roberto R Herencia.
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 American Century Companies Inc., State Street Corp, Renaissance Technologies LLC, First Trust Advisors LP, Vanguard Group Inc., Sei Investments Co., Hsbc Holdings PLC, and Charles Schwab Investment Management Inc.. 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 $13.43.

How much money does First BanCorp. make?

First BanCorp. (NYSE:FBP) has a market capitalization of $2.65 billion and generates $915.87 million in revenue each year. The bank earns $281.02 million in net income (profit) each year or $1.45 on an earnings per share basis.

How many employees does First BanCorp. have?

First BanCorp. 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 First BanCorp. is www.1firstbank.com. 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 (NYSE:FBP) was last updated on 6/26/2022 by MarketBeat.com Staff

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