NYSE:FBPFirst Bancorp Stock Price, Forecast & News

First Bancorp's stock was trading at $6.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FBP stock has decreased by 3.0% and is now trading at $5.86.
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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, resulting in a consensus recommendation of "Hold."
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First Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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First Bancorp (NYSE:FBP) announced its quarterly earnings data on Tuesday, July, 28th. The bank reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The bank had revenue of $156.10 million for the quarter, compared to the consensus estimate of $156.97 million. First Bancorp had a return on equity of 4.67% and a net margin of 13.71%. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share.
View First Bancorp's earnings history.

First Bancorp announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.05 per share on Friday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Wednesday, August 26th.
View First Bancorp's dividend history.

1 Wall Street analysts have issued 12 month target prices for First Bancorp's stock. Their forecasts range from $7.00 to $7.00. On average, they anticipate First Bancorp's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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Media coverage about FBP stock has trended very positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Bancorp earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about First Bancorp.

First Bancorp saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,960,000 shares, an increase of 11.3% from the July 15th total of 2,660,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.4% of the shares of the company are sold short.
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Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other First Bancorp investors own include Freeport-McMoRan (FCX), KeyCorp (KEY), General Electric (GE), Huntington Bancshares (HBAN), Cypress Semiconductor (CY), Energy Transfer LP Unit (ET), KKR & Co Inc (KKR), NovaBay Pharmaceuticals (NBY), Ring Energy (REI) and Ring Energy (REI).

First Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."

First Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (3.61%), Principal Financial Group Inc. (0.76%), Assenagon Asset Management S.A. (0.26%), Swiss National Bank (0.22%), Hennessy Advisors Inc. (0.20%) and Mendon Capital Advisors Corp (0.16%).
View institutional ownership trends for First Bancorp.

FBP stock was sold by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, Mackay Shields LLC, WINTON GROUP Ltd, Principal Financial Group Inc., Hennessy Advisors Inc., Robeco Institutional Asset Management B.V., Texas Permanent School Fund, and PNC Financial Services Group Inc..
View insider buying and selling activity for First Bancorp.

FBP stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Mendon Capital Advisors Corp, Frontier Capital Management Co. LLC, UBS Group AG, Rafferty Asset Management LLC, First Trust Advisors LP, Swiss National Bank, and Emerald Mutual Fund Advisers Trust.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of FBP stock can currently be purchased for approximately $5.86.

First Bancorp has a market capitalization of $1.28 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. First Bancorp employs 2,674 workers across the globe.

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

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]