First BanCorp. Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "hold" First BanCorp. stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FBP, but not buy additional shares or sell existing shares.
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Wall Street analysts have given First BanCorp. a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First BanCorp. wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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First BanCorp. saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,560,000 shares, an increase of 30.1% from the March 15th total of 6,580,000 shares. Based on an average daily volume of 2,010,000 shares, the short-interest ratio is currently 4.3 days. Currently, 4.0% of the shares of the stock are short sold.
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First BanCorp. is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
View our earnings forecast for First BanCorp..

First BanCorp. will be holding an earnings conference call on Monday, April 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

First BanCorp. (NYSE:FBP) issued its earnings results on Thursday, January, 28th. The bank reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.05. The bank had revenue of $207.97 million for the quarter, compared to analysts' expectations of $207.61 million. First BanCorp. had a net margin of 11.28% and a trailing twelve-month return on equity of 3.63%. During the same period in the prior year, the company posted $0.19 earnings per share.
View First BanCorp.'s earnings history.

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FBP shares have increased by 91.1% and is now trading at $11.54.
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First BanCorp. announced a quarterly dividend on Thursday, January 28th. Investors of record on Friday, February 26th will be paid a dividend of $0.07 per share on Friday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, February 25th. This is a boost from First BanCorp.'s previous quarterly dividend of $0.05.
View First BanCorp.'s dividend history.

First BanCorp. pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.39%. First BanCorp. does not yet have a strock track record of dividend growth. The dividend payout ratio of First BanCorp. is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 27.45% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

1 Wall Street analysts have issued 1 year price objectives for First BanCorp.'s stock. Their forecasts range from $120.00 to $120.00. On average, they expect First BanCorp.'s stock price to reach $120.00 in the next twelve months. This suggests a possible upside of 939.9% from the stock's current price.
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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.

Some companies that are related to First BanCorp. include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Commerce Bancshares (CBSH) and Zions Bancorporation, National Association (ZION).
View all of FBP's competitors.

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).

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

First BanCorp.'s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.22%), State of Alaska Department of Revenue (0.07%), New York State Teachers Retirement System (0.05%), Louisiana State Employees Retirement System (0.05%), Oregon Public Employees Retirement Fund (0.04%) and Everence Capital Management Inc. (0.02%). Company insiders that own First BanCorp. stock include John A Heffern and Lawrence Odell.
View institutional ownership trends for First BanCorp..

FBP stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, New York State Teachers Retirement System, and Louisiana State Employees Retirement System.
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FBP stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Everence Capital Management Inc., and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for First BanCorp. or or view top insider-buying stocks.

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.
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One share of FBP stock can currently be purchased for approximately $11.54.

First BanCorp. has a market capitalization of $2.52 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. is headquartered at 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908.

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]