NYSE:FBPFirst Bancorp Stock Price, Forecast & 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 (WHO). Since then, FBP stock has decreased by 3.3% and is now trading at $5.84.
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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 results 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 analyst estimates of $156.97 million. First Bancorp had a return on equity of 4.67% and a net margin of 13.71%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 paid a dividend of $0.05 per share on Friday, September 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Wednesday, August 26th.
View First Bancorp's dividend history.

1 brokers have issued 1 year price objectives 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 19.9% from the stock's current price.
View analysts' price targets for First Bancorp.

Headlines about FBP stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. First Bancorp earned a daily sentiment score of -1.8 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about First Bancorp.

First Bancorp saw a drop in short interest in February. As of February 15th, there was short interest totaling 2,410,000 shares, a drop of 25.2% from the January 31st total of 3,220,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.1% of the company's shares 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), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB) 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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Freeport-McMoRan (FCX), General Electric (GE), Huntington Bancshares (HBAN), KeyCorp (KEY), Energy Transfer LP Unit (ET), Intel (INTC), ADT (ADT) and Carnival (CCL).

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 Vanguard Group Inc. (10.90%), Frontier Capital Management Co. LLC (3.61%), FMR LLC (2.93%), Bank of New York Mellon Corp (2.79%), Alyeska Investment Group L.P. (1.74%) and X Square Capital LLC (1.06%).
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., Marshall Wace North America L.P., Marshall Wace LLP, FMR LLC, Monarch Partners Asset Management LLC, Mackay Shields LLC, Federated Hermes Inc., and WINTON GROUP Ltd.
View insider buying and selling activity for First Bancorp.

FBP stock was bought by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, X Square Capital LLC, Assenagon Asset Management S.A., Mendon Capital Advisors Corp, Frontier Capital Management Co. LLC, Vanguard Group Inc., UBS Group AG, and State of Wisconsin Investment Board.
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 $5.84.

First Bancorp has a market capitalization of $1.27 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]