First Bancorp Stock Forecast, Price & News

First Bancorp's stock was trading at $6.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FBP shares have decreased by 15.9% and is now trading at $5.08.
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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) released its quarterly earnings data on Tuesday, July, 28th. The bank reported $0.10 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.03. The bank had revenue of $156.10 million for the quarter, compared to analyst estimates of $156.97 million. First Bancorp had a net margin of 13.71% and a return on equity of 4.67%. The business's revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS.
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 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.

1 equities research analysts have issued twelve-month price targets 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.

First Bancorp saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,770,000 shares, a drop of 10.9% from the August 31st total of 3,110,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.3% of the shares of the stock are sold short.
View First Bancorp's Short Interest.

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), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), 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 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).

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 institutional and retail 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.

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.

FBP stock was acquired 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.

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 $5.08.

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.

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]