NYSE:FBP - First Bancorp Stock Price, Price Target & More

$6.60 +0.09 (+1.38 %)

(As of 04/19/2018 04:00 PM ET)

Previous Close$6.51

Today's Range$6.53 - $6.63

52-Week Range$4.48 - $6.80

Volume1.36 million shs

Average Volume1.87 million shs

Market Capitalization$1.43 billion

P/E Ratio13.20

Dividend YieldN/A

Beta1.78

About First Bancorp (NYSE:FBP)

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage 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, as well as investment banking services. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs), as well as engages in the finance leasing and insurance activities. 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 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; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as retail CDs, Internet banking services, cash management, remote data capture, automated clearing house transactions, and term loans. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2017, the company operated 45 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.

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Industry, Sector and Symbol

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

SymbolNYSE:FBP

CUSIP31867270

Webwww.1firstbank.com

Phone787-729-8200

Debt

Debt-to-Equity Ratio0.50%

Current Ratio1.00%

Quick Ratio0.99%

Price-To-Earnings

Trailing P/E Ratio13.20

Forward P/E Ratio15.35

P/E Growth0.54

Sales & Book Value

Annual Sales$650.81 million

Price / Sales2.19

Cash Flow$0.5709 per share

Price / Cash11.56

Book Value$8.48 per share

Price / Book0.78

Profitability

EPS (Most Recent Fiscal Year)$0.50

Net Income$66.95 million

Net Margins9.88%

Return on Equity5.89%

Return on Assets0.89%

Miscellaneous

Employees2,553

Outstanding Shares216,280,000

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First Bancorp (NYSE:FBP) Frequently Asked Questions

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) posted its quarterly earnings data on Monday, January, 29th. The bank reported $0.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.06. The bank earned $137.22 million during the quarter, compared to analysts' expectations of $137.80 million. First Bancorp had a return on equity of 5.89% and a net margin of 9.88%. During the same quarter last year, the firm earned $0.11 EPS. View First Bancorp's Earnings History.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release their next quarterly earnings announcement on Friday, April, 27th 2018. View Earnings Estimates for First Bancorp.

What price target have analysts set for FBP?

3 analysts have issued 12 month target prices for First Bancorp's shares. Their predictions range from $6.00 to $8.00. On average, they anticipate First Bancorp's stock price to reach $6.6667 in the next year. View Analyst Ratings for First Bancorp.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include BancorpSouth Bank (BXS), International Bancshares (IBOC), United Community Bank (UCBI), CVB Financial (CVBF), Union Bankshares (UBSH), Great Western Bancorp (GWB), ServisFirst Bancshares (SFBS), Hilltop (HTH), First Interstate BancSystem (FIBK), Renasant (RNST), TowneBank (TOWN), Independent Bank (INDB), Eagle Bancorp (EGBN), Independent Bank Gr (IBTX), Ameris Bancorp (ABCB), Pacific Premier Bancorp (PPBI), Banner (BANR) and Heartland Financial USA (HTLF).

Who are First Bancorp's key executives?

First Bancorp's management team includes the folowing people:

Mr. Aurelio Alemán-Bermudez, Chief Exec. Officer, Pres, Director and Director of Firstbank Puerto Rico (Age 59)
Mr. Orlando Berges-González CPA, Chief Financial Officer and Exec. VP (Age 60)
Mr. Donald L. Kafka, COO, Exec. VP and Chief Operating Officer of Firstbank Puerto Rico (Age 58)
Mr. Cassan A. Pancham, Exec. VP, Bus. Group Exec. and Exec. VP of FirstBank Puerto Rico (Age 57)
Mr. Calixto García-Vélez, EVP, Special Assets Group Director & Florida Region Exec. (Age 50)

Has First Bancorp been receiving favorable news coverage?

Headlines about FBP stock have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.17 on Accern's scale. They also assigned news articles about the bank an impact score of 46.42 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBP stock can currently be purchased for approximately $6.60.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.43 billion and generates $650.81 million in revenue each year. The bank earns $66.95 million in net income (profit) each year or $0.50 on an earnings per share basis. First Bancorp employs 2,553 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 bank can be reached via phone at 787-729-8200 or via email at [email protected]

MarketBeat Community Rating for First Bancorp (FBP)

Community Ranking:		2.4 out of 5 ( )
Outperform Votes:		185 (Vote Outperform)
Underperform Votes:		193 (Vote Underperform)
Total Votes:		378

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.

First Bancorp (NYSE:FBP) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

3 Wall Street analysts have issued ratings and price targets for First Bancorp in the last 12 months. Their average twelve-month price target is $6.6667, suggesting that the stock has a possible upside of 1.01%. The high price target for FBP is $8.00 and the low price target for FBP is $6.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Buy	Buy	Buy	Buy
Consensus Rating Score:	2.67	2.75	2.75	2.50
Ratings Breakdown:	0 Sell Rating(s) 1 Hold Rating(s) 2 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 3 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 3 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$6.6667	$6.8750	$6.75	$7.25
Price Target Upside:	1.01% upside	17.92% upside	31.84% upside	27.19% upside

First Bancorp (NYSE:FBP) Consensus Price Target History

Price Target History for First Bancorp (NYSE:FBP)

First Bancorp (NYSE:FBP) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
1/29/2018	Piper Jaffray	Reiterated Rating	Buy	$8.00	Medium
12/21/2017	Citigroup	Upgrade	Neutral -> Buy		High
11/8/2017	Bank of America	Lower Price Target	Neutral	$7.00 -> $6.00	N/A
4/5/2017	Keefe, Bruyette & Woods	Reiterated Rating	Buy	$7.50	High

(Data available from 4/19/2016 forward)

First Bancorp (NYSE:FBP) Earnings History and Estimates Chart

Earnings by Quarter for First Bancorp (NYSE:FBP)

First Bancorp (NYSE:FBP) Earnings Estimates

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.10	$0.10	$0.10
Q2 2018	1	$0.11	$0.11	$0.11

First Bancorp (NYSE FBP) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
4/27/2018		$0.07					N/A
1/29/2018	Before Market	$0.05	$0.11	$137.80 million	$137.22 million	View	Listen
11/6/2017	Q3 2017	$0.11	$0.13		$141.48 million	View	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
5/4/2015	Q1 2015	$0.10	$0.12		$158.38 million	View	N/A
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	$145.14 million	View	N/A
10/23/2013	Q3 13	$0.09	$0.09	$146.99 million	$140.97 million	View	N/A
7/24/2013	Q2 2013	$0.09	$0.08	$142.56 million	$75.23 million	View	N/A
5/3/2013	Q1 2013	$0.09	($0.02)	$120.52 million	$138.12 million	View	N/A
2/5/2013	Q4 2012	$0.10	$0.07			View	N/A
10/31/2012	Q3 2012	$0.04	$0.09			View	N/A
7/31/2012	Q2 2012	($0.02)	$0.05			View	N/A
5/7/2012	Q1 2012	($0.06)	($0.06)			View	N/A
2/1/2012	Q4 2011	$0.24	$1.35			View	N/A
10/26/2011	Q3 2011	($2.08)	($1.46)			View	N/A
8/8/2011	Q2 2011	($2.40)	($1.04)			View	N/A
5/6/2011	Q1 2011	($2.13)	($1.66)			View	N/A
10/21/2010	Q3 2010	($5.40)	$4.20			View	N/A
7/27/2010	Q2 2010	($9.30)	($15.74)			View	N/A
4/26/2010	Q1 2010	($7.65)	($18.29)			View	N/A
2/1/2010	Q4 2009	($9.00)	($9.60)			View	N/A
10/30/2009	Q3 2009	($6.15)	($28.34)			View	N/A
7/30/2009	Q2 2009	($3.45)	($15.38)			View	N/A
4/27/2009	Q1 2009	($0.60)	$1.09			View	N/A
2/3/2009	Q4 2008	$2.55	$1.41			View	N/A
10/27/2008	Q3 2008	$1.80	$2.34			View	N/A
7/23/2008	Q2 2008	$1.80	$3.70			View	N/A
5/6/2008	Q1 2008	$0.75	$1.05			View	N/A
2/6/2008	Q4 2007	$1.20	($0.43)			View	N/A

(Earnings results data provided by Zacks Investment Research)

First Bancorp (NYSE:FBP) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

First Bancorp (NYSE FBP) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 21.10%
Institutional Ownership Percentage: 92.48%

Insider Trading History for First Bancorp (NYSE:FBP)

First Bancorp (NYSE FBP) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
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	446,014
5/1/2017	Gonzalez Orlando Berges	CFO	Sell	50,000	$6.02	$301,000.00	627,431
5/1/2017	Lawrence Odell	EVP	Sell	25,000	$6.10	$152,500.00	421,294
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	389,377
8/8/2016	Cassan Pancham	EVP	Sell	5,000	$4.62	$23,100.00	354,323
11/13/2015	Ginoris Lopez-Lay	EVP	Sell	10,000	$3.88	$38,800.00	214,449
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)

First Bancorp (NYSE FBP) News Headlines

Source:

Date	Headline
	First Bancorp (FBP) Lowered to Sell at BidaskClub www.americanbankingnews.com - April 17 at 3:39 PM
	First BanCorp to Announce 1Q 2018 Results on April 27, 2018 finance.yahoo.com - April 17 at 9:45 AM
	First Bancorp (FBP) Scheduled to Post Quarterly Earnings on Monday www.americanbankingnews.com - April 16 at 2:16 AM
	First Bancorp (FBP) Rating Lowered to Strong Sell at BidaskClub www.americanbankingnews.com - April 15 at 1:48 PM
	Analysts Issue Forecasts for First Bancorp's Q1 2018 Earnings (FBP) www.americanbankingnews.com - April 13 at 8:45 AM
	Fed Floats First Major Big-Bank Rule Change of Trump Era www.msn.com - April 11 at 10:00 AM
	First Bancorp (FBP) Upgraded at ValuEngine www.americanbankingnews.com - April 8 at 10:35 AM
	First Bancorp (FBP) Given Average Recommendation of "Buy" by Brokerages www.americanbankingnews.com - April 7 at 1:31 AM
	First Bancorp (FBP) Expected to Post Earnings of $0.08 Per Share www.americanbankingnews.com - April 5 at 9:42 AM
	First Bancorp (FBP) Upgraded at Zacks Investment Research www.americanbankingnews.com - April 4 at 12:25 PM
	Why First BanCorp (NYSE:FBP) Delivered An Inferior ROE Compared To The Industry finance.yahoo.com - April 3 at 4:34 PM
	First Bancorp (FBP) Price Target Lowered to $6.00 at Bank of America www.americanbankingnews.com - April 1 at 9:47 AM
	First Bancorp (FBP) Downgraded to "C" at TheStreet www.americanbankingnews.com - March 31 at 8:16 PM
	ValuEngine Lowers First Bancorp (FBP) to Hold www.americanbankingnews.com - March 31 at 2:06 PM
	Zacks Investment Research Downgrades First Bancorp (FBP) to Hold www.americanbankingnews.com - March 28 at 12:00 AM
	First Bancorp (FBP) Lifted to Strong-Buy at ValuEngine www.americanbankingnews.com - March 19 at 12:06 AM
	First Bancorp (FBP) Downgraded by Zacks Investment Research www.americanbankingnews.com - March 13 at 10:52 PM
	First Bancorp (FBP) Given Consensus Recommendation of "Buy" by Brokerages www.americanbankingnews.com - March 13 at 1:32 AM
	First Bancorp Sees Unusually High Options Volume (FBP) www.americanbankingnews.com - March 9 at 8:52 AM
	First Bancorp (FBP) Short Interest Update www.americanbankingnews.com - March 8 at 1:56 AM
	Schwab Charles Investment Management Inc. Boosts Stake in First Bancorp (FBP) www.americanbankingnews.com - March 3 at 5:56 AM
	First Bancorp (FBP) Given Average Rating of "Hold" by Brokerages www.americanbankingnews.com - February 16 at 1:36 AM
	Zacks: Analysts Expect First Bancorp (FBP) Will Announce Earnings of $0.08 Per Share www.americanbankingnews.com - February 13 at 1:26 PM
	First BanCorp (FBP) Q4 2017 Earnings Conference Call Transcript finance.yahoo.com - February 7 at 9:16 AM
	First Bancorp. Announces Earnings for the Quarter and Year Ended December 31, 2017 finance.yahoo.com - January 31 at 4:24 PM
	Zacks Investment Research Upgrades First Bancorp (FBP) to Buy www.americanbankingnews.com - January 30 at 11:18 PM
	First Bancorp (FBP) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS www.americanbankingnews.com - January 30 at 7:54 AM
	First Bancorp (FBP) Earns "Buy" Rating from Piper Jaffray Companies www.americanbankingnews.com - January 30 at 12:18 AM
	First Bancorp (FBP) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - January 22 at 1:20 AM
	First BanCorp to Announce 4Q 2017 Results on January 29, 2018 finance.yahoo.com - January 19 at 5:35 PM
	First Bancorp (FBP) to Release Earnings on Thursday www.americanbankingnews.com - January 18 at 2:28 AM
	First Bancorp (FBP) Raised to Hold at Zacks Investment Research www.americanbankingnews.com - January 9 at 11:20 PM
	Free Research Reports on These Banking Stocks -- First Bancorp, Bancolombia, Grupo Supervielle, and Grupo Financiero Galicia www.prnewswire.com - January 2 at 7:53 AM
	First Bancorp (FBP) Receives Average Recommendation of "Hold" from Analysts www.americanbankingnews.com - December 28 at 1:38 AM
	Head to Head Review: TrustCo Bank Corp NY (TRST) & First Bancorp (FBP) www.americanbankingnews.com - December 27 at 1:10 AM
	Analysts Expect First Bancorp (FBP) Will Post Earnings of $0.06 Per Share www.americanbankingnews.com - December 25 at 3:28 AM
	First Bancorp (FBP) Stock Rating Upgraded by Citigroup www.americanbankingnews.com - December 21 at 5:14 PM
	Why First Bancorp (NYSE:FBP) May Not Be As Efficient As Its Industry finance.yahoo.com - December 21 at 5:06 PM
	ETFs with exposure to First BanCorp (Puerto Rico) : December 19, 2017 finance.yahoo.com - December 19 at 5:05 PM
	First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : December 14, 2017 finance.yahoo.com - December 14 at 9:53 AM
	How First Bancorp’s (NYSE:FBP) EPS Dropped -24%, Did Its Industry Show Weakness Too? finance.yahoo.com - December 13 at 5:16 PM
	ETFs with exposure to First BanCorp (Puerto Rico) : December 7, 2017 finance.yahoo.com - December 7 at 5:30 PM
	Brokerages Anticipate First BanCorp. (FBP) Will Announce Earnings of $0.06 Per Share www.americanbankingnews.com - December 7 at 11:34 AM
	First BanCorp. (FBP) Receives Consensus Rating of "Hold" from Analysts www.americanbankingnews.com - December 3 at 3:44 AM
	First BanCorp (Puerto Rico) breached its 50 day moving average in a Bearish Manner : FBP-US : December 1, 2017 finance.yahoo.com - December 1 at 5:05 PM
	ETFs with exposure to First BanCorp (Puerto Rico) : November 21, 2017 finance.yahoo.com - November 21 at 6:44 PM
	First BanCorp (Puerto Rico) :FBP-US: Earnings Analysis: Q3, 2017 By the Numbers : November 20, 2017 finance.yahoo.com - November 20 at 7:18 PM
	Is It The Right Time To Buy First Bancorp (FBP)? finance.yahoo.com - November 20 at 7:18 PM
	First BanCorp. (FBP) Price Target Cut to $6.00 by Analysts at Citigroup Inc. www.americanbankingnews.com - November 20 at 2:16 PM
	First BanCorp. (FBP) Given Buy Rating at Piper Jaffray Companies www.americanbankingnews.com - November 11 at 9:42 AM

First Bancorp (NYSE:FBP) SEC Filings

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First Bancorp (NYSE:FBP) Income Statement, Balance Sheet and Cash Flow Statement

First Bancorp (NYSE FBP) Stock Chart for Thursday, April, 19, 2018

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This page was last updated on 4/19/2018 by MarketBeat.com Staff