NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$11.96
-0.08 (-0.66 %)
(As of 09/21/2021 12:00 AM ET)
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Today's Range
$11.83
$12.18
50-Day Range
$10.99
$13.00
52-Week Range
$4.94
$13.25
Volume1.52 million shs
Average Volume1.93 million shs
Market Capitalization$2.49 billion
P/E Ratio12.33
Dividend Yield2.33%
Beta1.38
30 days | 90 days | 365 days | Advanced Chart
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First BanCorp. logo

About First BanCorp.

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services through its subsidiaries. It operates through the following 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 consists of the company's lending and other services for large customers represented by specialized and middle-market clients and the public sector. The Consumer (Retail) Banking segment includes consumer lending and deposit-taking activities conducted mainly through FirstBank's branch network in Puerto Rico. The Mortgage Banking segment focuses on the origination, sale, and servicing of a variety of residential mortgage loan products and related hedging activities. The Treasury and Investments segment deals with treasury and investment management functions. The United States Operations segment represents all banking activities conducted by FirstBank on the United States mainland. The Virgin Islands Operations segment includes all banking activities conducted by FirstBank in

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MarketRank

Overall MarketRank

2.39 out of 5 stars

Finance Sector

335th out of 1,332 stocks

State Commercial Banks Industry

75th out of 232 stocks

Analyst Opinion: 0.0Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
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First BanCorp. (NYSE:FBP) Frequently Asked Questions

What stocks does MarketBeat like better than First BanCorp.?

Wall Street analysts have given First BanCorp. a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but First BanCorp. wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting First BanCorp.?

First BanCorp. saw a drop in short interest in the month of August. As of August 13th, there was short interest totaling 5,030,000 shares, a drop of 12.5% from the July 29th total of 5,750,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.5% of the company's shares are short sold.
View First BanCorp.'s Short Interest
.

When is First BanCorp.'s next earnings date?

First BanCorp. is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for First BanCorp.
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) announced its quarterly earnings data on Thursday, July, 22nd. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The bank had revenue of $214.67 million for the quarter, compared to analysts' expectations of $204.66 million. First BanCorp. had a net margin of 23.52% and a trailing twelve-month return on equity of 10.30%. During the same quarter in the previous year, the firm earned $0.10 earnings per share.
View First BanCorp.'s earnings history
.

How has First BanCorp.'s stock price been impacted by COVID-19 (Coronavirus)?

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 increased by 98.0% and is now trading at $11.96.
View which stocks have been most impacted by COVID-19
.

How often does First BanCorp. pay dividends? What is the dividend yield for First BanCorp.?

First BanCorp. announced a quarterly dividend on Thursday, July 29th. Investors of record on Thursday, August 26th will be paid a dividend of $0.07 per share on Friday, September 10th. This represents a $0.28 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 25th.
View First BanCorp.'s dividend history
.

Is First BanCorp. a good dividend stock?

First BanCorp. pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.33%. First BanCorp. does not yet have a strong track record of dividend growth. The dividend payout ratio of First BanCorp. is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 20.44% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:
  • Aurelio Alemán-Bermúdez, President, Chief Executive Officer & Director
  • Donald L. Kafka, Chief Operating Officer & Executive Vice President
  • Orlando Berges-González, Executive VP, Chief Financial & Accounting Officer
  • Nayda Rivera-Batista, Chief Risk Officer & Executive Vice President
  • Sara Álvarez Cabrero, Secretary, Chief Legal Officer & Executive VP

What is Aurelio Alemán's approval rating as First BanCorp.'s CEO?

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.

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), Huntington Bancshares (HBAN), KeyCorp (KEY), AT&T (T), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD) and Bank of America (BAC).

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 shareholders include BlackRock Inc. (14.64%), Vanguard Group Inc. (11.21%), Dimensional Fund Advisors LP (7.73%), State Street Corp (7.02%), Bank of New York Mellon Corp (2.90%) and Frontier Capital Management Co. LLC (2.06%). Company insiders that own First BanCorp. stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald and Patricia Eaves.
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 Arctis Global LLC, FMR LLC, Alyeska Investment Group L.P., Point72 Asset Management L.P., X Square Capital LLC, Frontier Capital Management Co. LLC, BlackRock Inc., and JPMorgan Chase & Co.. Company insiders that have sold First BanCorp. company stock in the last year include Aurelio Aleman, Gonzalez Orlando Berges, Lawrence Odell, and Michael Mcdonald.
View insider buying and selling activity for First BanCorp.
or view top insider-selling stocks.

Which major investors are buying First BanCorp. stock?

FBP stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, American Century Companies Inc., Prospector Partners LLC, Hotchkis & Wiley Capital Management LLC, New York State Common Retirement Fund, Invesco Ltd., Healthcare of Ontario Pension Plan Trust Fund, and Thrivent Financial for Lutherans. Company insiders that have bought First BanCorp. stock in the last two years include Daniel Edward Frye, John A Heffern, and Patricia Eaves.
View insider buying and selling activity for First BanCorp.
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is First BanCorp.'s stock price today?

One share of FBP stock can currently be purchased for approximately $11.96.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.49 billion and generates $804.21 million in revenue each year. The bank earns $102.27 million in net income (profit) each year or $0.44 on an earnings per share basis.

How many employees does First BanCorp. have?

First BanCorp. employs 3,317 workers across the globe.

What is First BanCorp.'s official website?

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

Where are First BanCorp.'s headquarters?

First BanCorp. is headquartered at 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908.

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 9/21/2021 by MarketBeat.com Staff
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