NYSE:FBP - First Bancorp Stock Price, News, & Analysis

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$9.01 +0.08 (+0.90 %)
(As of 09/25/2018 04:00 PM ET)
Previous Close$8.93
Today's Range$8.96 - $9.13
52-Week Range$4.48 - $9.27
Volume2.57 million shs
Average Volume1.92 million shs
Market Capitalization$1.99 billion
P/E Ratio18.14
Dividend YieldN/A
Beta1.84
First Bancorp logoFirst 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

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:FBP
CUSIP31867270
Phone787-729-8200

Debt

Debt-to-Equity Ratio0.48
Current Ratio0.98
Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio18.14
Forward P/E Ratio14.53
P/E Growth0.43

Sales & Book Value

Annual Sales$650.81 million
Price / Sales3.01
Cash Flow$0.5621 per share
Price / Cash16.03
Book Value$8.48 per share
Price / Book1.06

Profitability

EPS (Most Recent Fiscal Year)$0.50
Net Income$66.95 million
Net Margins11.06%
Return on Equity6.36%
Return on Assets0.95%

Miscellaneous

Employees2,553
Outstanding Shares217,180,000
Market Cap$1.99 billion

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 Wednesday, July, 25th. The bank reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The bank earned $150.94 million during the quarter, compared to analysts' expectations of $150.60 million. First Bancorp had a net margin of 11.06% and a return on equity of 6.36%. During the same quarter in the previous year, the company posted $0.13 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 Thursday, October, 25th 2018. View Earnings Estimates for First Bancorp.

What price target have analysts set for FBP?

5 Wall Street analysts have issued 12-month price targets for First Bancorp's stock. Their predictions range from $8.00 to $12.00. On average, they expect First Bancorp's share price to reach $9.70 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for First Bancorp.

What is the consensus analysts' recommendation for First Bancorp?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Bancorp.

Who are some of First Bancorp's key competitors?

Who are First Bancorp's key executives?

First Bancorp's management team includes the folowing people:
  • Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 59)
  • Mr. Orlando Berges-González CPA, Exec. VP & CFO (Age 60)
  • Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 57)
  • Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 45)
  • Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 50)

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.34%), Dimensional Fund Advisors LP (7.84%), Frontier Capital Management Co. LLC (5.23%), FMR LLC (3.62%), Point72 Asset Management L.P. (2.96%) and Bank of New York Mellon Corp (1.65%). Company insiders that own First Bancorp stock include Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. 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 Point72 Asset Management L.P., Voya Investment Management LLC, Millennium Management LLC, Hartford Investment Management Co., Rock Point Advisors LLC, Schwab Charles Investment Management Inc., Frontier Capital Management Co. LLC and California Public Employees Retirement System. View Insider Buying and Selling for First Bancorp.

Which institutional investors are buying First Bancorp stock?

FBP stock was acquired by a variety of institutional investors in the last quarter, including EJF Capital LLC, BlackRock Inc., Dimensional Fund Advisors LP, Algebris UK Ltd, WINTON GROUP Ltd, James Investment Research Inc., SG Americas Securities LLC and Zacks Investment Management. View Insider Buying and Selling for First Bancorp.

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 $9.01.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.99 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.

What is First Bancorp's official website?

The official website for First Bancorp is http://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 or via email at [email protected]


MarketBeat Community Rating for First Bancorp (NYSE FBP)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  222 (Vote Outperform)
Underperform Votes:  224 (Vote Underperform)
Total Votes:  446
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.
This page was last updated on 9/25/2018 by MarketBeat.com Staff

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