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NYSE:FBP

First Bancorp Stock Forecast, Price & News

$5.08
+0.03 (+0.59 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$4.94
Now: $5.08
$5.28
50-Day Range
$5.05
MA: $5.72
$6.10
52-Week Range
$3.50
Now: $5.08
$11.10
Volume1.40 million shs
Average Volume1.73 million shs
Market Capitalization$1.11 billion
P/E Ratio10.81
Dividend Yield3.96%
Beta1.44
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in 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 broker-dealer services. 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 services. 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, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, automobile loans, and term loans, as well as Internet banking, cash management, remote data capture, automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2018, the company operated 46 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.53 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP31867270
Phone787-729-8200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$766.47 million
Cash Flow$0.76 per share
Book Value$10.09 per share

Profitability

Net Income$167.38 million

Miscellaneous

Employees2,674
Market Cap$1.11 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$5.08
+0.03 (+0.59 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Bancorp (NYSE:FBP) Frequently Asked Questions

How has First Bancorp's stock price been impacted by COVID-19?

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 (WHO). Since then, FBP shares have decreased by 15.9% and is now trading at $5.08.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of First Bancorp?

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."
View analyst ratings for First Bancorp
.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for First Bancorp
.

How were First Bancorp's earnings last quarter?

First Bancorp (NYSE:FBP) posted its quarterly earnings data on Tuesday, July, 28th. The bank reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. First Bancorp's revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 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 declared a quarterly dividend on Tuesday, August 4th. Investors of record on Thursday, August 27th will be given a dividend of $0.05 per share on Friday, September 11th. This represents a $0.20 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, August 26th.
View First Bancorp's dividend history
.

What price target have analysts set for FBP?

1 brokers 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 year. This suggests a possible upside of 37.8% from the stock's current price.
View analysts' price targets for First Bancorp
.

Are investors shorting First Bancorp?

First Bancorp saw a decrease in short interest in August. As of August 14th, there was short interest totaling 3,030,000 shares, a decrease of 26.1% from the July 30th total of 4,100,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the stock are short sold.
View First Bancorp's Short Interest
.

Who are some of First Bancorp's key competitors?

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), Energy Transfer LP Unit (ET), Huntington Bancshares (HBAN), KeyCorp (KEY), AT&T (T), Ford Motor (F), ADT (ADT) and Advanced Micro Devices (AMD).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:
  • Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 60)
  • Mr. Orlando Berges-González CPA, CPA, Exec. VP & CFO (Age 61)
  • Mr. Donald L. Kafka, Exec. VP & COO (Age 59)
  • Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 46)
  • Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 51)

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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.90%), Frontier Capital Management Co. LLC (3.61%), FMR LLC (2.93%), Bank of New York Mellon Corp (2.79%), Point72 Asset Management L.P. (2.63%) and Alyeska Investment Group L.P. (1.74%).
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 Goldman Sachs Group Inc., Point72 Asset Management L.P., Marshall Wace North America L.P., Marshall Wace LLP, FMR LLC, Monarch Partners Asset Management LLC, Mackay Shields LLC, and Federated Hermes Inc..
View insider buying and selling activity for First Bancorp
.

Which major investors are buying First Bancorp stock?

FBP stock was purchased by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, X Square Capital LLC, Assenagon Asset Management S.A., Canada Pension Plan Investment Board, Mendon Capital Advisors Corp, Frontier Capital Management Co. LLC, Cubist Systematic Strategies LLC, and Two Sigma Advisers LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBP stock can currently be purchased for approximately $5.08.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.11 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.

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 or via email at [email protected]

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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