NYSE:FBP - First Bancorp Stock Price, News, & Analysis

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$10.44 +0.02 (+0.19 %)

(As of 05/21/2019 04:00 PM ET)

Previous Close$10.42

Today's Range$10.42 - $10.5650

52-Week Range$7.59 - $11.94

Volume2.28 million shs

Average Volume1.54 million shs

Market Capitalization$2.27 billion

P/E Ratio16.84

Dividend Yield1.15%

Beta1.52

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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Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FBP

Previous Symbol

CUSIP31867270

CIK1057706

Webhttp://www.1firstbank.com/

Phone787-729-8200

Debt

Debt-to-Equity Ratio0.45

Current Ratio1.01

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio16.84

Forward P/E Ratio13.74

P/E Growth1.01

Sales & Book Value

Annual Sales$707.28 million

Price / Sales3.21

Cash Flow$0.6806 per share

Price / Cash Flow15.34

Book Value$9.50 per share

Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)$0.62

Net Income$201.61 million

Net Margins28.97%

Return on Equity7.43%

Return on Assets1.18%

Miscellaneous

Employees2,643

Outstanding Shares217,331,000

Market Cap$2.27 billion

Next Earnings Date7/24/2019 (Estimated)

OptionableOptionable

First Bancorp (NYSE:FBP) Frequently Asked Questions

What is First Bancorp's stock symbol?

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

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

First Bancorp announced a quarterly dividend on Friday, May 17th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.03 per share on Friday, June 14th. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 29th. View First Bancorp's Dividend History.

How were First Bancorp's earnings last quarter?

First Bancorp (NYSE:FBP) announced its quarterly earnings data on Wednesday, April, 24th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The bank had revenue of $162.72 million for the quarter, compared to analysts' expectations of $163.50 million. First Bancorp had a net margin of 28.97% and a return on equity of 7.43%. During the same quarter last year, the business posted $0.15 earnings per share. View First Bancorp's Earnings History.

When is First Bancorp's next earnings date?

First Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for First Bancorp.

What price target have analysts set for FBP?

3 brokerages have issued 12-month price targets for First Bancorp's shares. Their forecasts range from $9.50 to $12.00. On average, they expect First Bancorp's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price. View Analyst Price Targets for First Bancorp.

What is the consensus analysts' recommendation for First Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Bancorp.

Has First Bancorp been receiving favorable news coverage?

Media stories about FBP stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Bancorp earned a news impact score of -1.2 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include First Financial Bankshares (FFIN), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), IBERIABANK (IBKC), Wintrust Financial (WTFC), Bank Ozk (OZK), United Bankshares (UBSI), First Hawaiian (FHB), Associated Banc (ASB) and Glacier Bancorp (GBCI).

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), Cypress Semiconductor (CY), Inpixon (INPX), Intel (INTC), CNX Resources (CNX), Ford Motor (F), KeyCorp (KEY), KKR & Co Inc (KKR) and ANNALY CAP MGMT/SH (NLY).

Who are First Bancorp's key executives?

First Bancorp's management team includes the folowing 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)

Who are First Bancorp's major shareholders?

First Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.42%), Dimensional Fund Advisors LP (8.36%), Frontier Capital Management Co. LLC (4.55%), FMR LLC (2.72%), JPMorgan Chase & Co. (2.52%) and Wellington Management Group LLP (1.81%). 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 Philadelphia Financial Management of San Francisco LLC, Frontier Capital Management Co. LLC, Morgan Stanley, Wellington Management Group LLP, AQR Capital Management LLC, BlackRock Inc., JPMorgan Chase & Co. and Dimensional Fund Advisors LP. View Insider Buying and Selling 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 FMR LLC, Man Group plc, Renaissance Technologies LLC, Federated Investors Inc. PA, Wells Fargo & Company MN, Jacobs Levy Equity Management Inc., Parametric Portfolio Associates LLC and Geode Capital Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBP stock can currently be purchased for approximately $10.44.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $2.27 billion and generates $707.28 million in revenue each year. The bank earns $201.61 million in net income (profit) each year or $0.62 on an earnings per share basis. First Bancorp employs 2,643 workers across the globe.

What is First Bancorp's official website?

The official website for First Bancorp is http://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]

MarketBeat Community Rating for First Bancorp (NYSE FBP)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		246 (Vote Outperform)
Underperform Votes:		246 (Vote Underperform)
Total Votes:		492

MarketBeat's community ratings are surveys of what our community members think about First Bancorp and other stocks. Vote "Outperform" if you believe FBP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FBP will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 5/21/2019 by MarketBeat.com Staff

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