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S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
NYSE:FBP

First BanCorp. (FBP) Stock Forecast, Price & News

$15.17
+0.39 (+2.64%)
(As of 05/27/2022 12:00 AM ET)
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Today's Range
$14.82
$15.21
50-Day Range
$12.83
$15.17
52-Week Range
$10.88
$16.62
Volume
2.19 million shs
Average Volume
1.94 million shs
Market Capitalization
$3.00 billion
P/E Ratio
10.46
Dividend Yield
3.16%
Beta
1.1
30 days | 90 days | 365 days | Advanced Chart
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First BanCorp. logo

About First BanCorp.

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.

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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

Sales & Book Value

Annual Sales
$915.87 million
Cash Flow
$1.64 per share
Book Value
$9.02 per share

Profitability

Net Income
$281.02 million
Pretax Margin
50.41%

Debt

Price-To-Earnings

Miscellaneous

Free Float
193,366,000
Market Cap
$3.00 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/11 Dividend
2/24/2022
Dividend Payable
3/11/2022
Last Earnings
4/28/2022
Ex-Dividend for 6/10 Dividend
5/24/2022
Today
5/29/2022
Dividend Payable
6/10/2022
Next Earnings (Estimated)
7/22/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.53 out of 5 stars

Finance Sector

398th out of 1,380 stocks

State Commercial Banks Industry

93rd out of 240 stocks

Analyst Opinion: 1.5Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" First BanCorp. stock.
View analyst ratings for First BanCorp.
or view top-rated stocks.

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) issued its quarterly earnings data on Thursday, April, 28th. The bank reported $0.41 earnings per share 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 trailing twelve-month return on equity of 15.21% and a net margin of 32.77%. The business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share.
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 paid a dividend of $0.12 per share on Friday, June 10th. This represents a $0.48 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, May 24th. This is a positive change 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. pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.16%. 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.

What price target have analysts set for FBP?

2 brokerages have issued twelve-month price targets for First BanCorp.'s stock. Their forecasts range from $16.00 to $17.00. On average, they expect First BanCorp.'s stock price to reach $16.50 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
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 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 C.P.A., 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 many different 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 major 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., Goldman Sachs Group Inc., BlackRock Inc., and Federated Hermes Inc.. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Nayda Rivera, and Roberto R Herencia.
View insider buying and selling activity for First BanCorp.
or view top insider-selling stocks.

Which major 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 $15.17.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $3.00 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.

What is First BanCorp.'s official website?

The official website for First BanCorp. is www.1firstbank.com.

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, via email at [email protected], or via fax at 787-724-5040.

This page was last updated on 5/29/2022 by MarketBeat.com Staff

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