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NYSE:FBP

First BanCorp. (FBP) Stock Forecast, Price & News

$11.58
+0.43 (+3.85%)
(As of 06/1/2023 ET)
Compare
Today's Range
$11.19
$11.71
50-Day Range
$10.71
$11.75
52-Week Range
$10.18
$16.40
Volume
1.26 million shs
Average Volume
1.41 million shs
Market Capitalization
$2.08 billion
P/E Ratio
7.38
Dividend Yield
4.83%
Price Target
$14.25

First BanCorp. MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
23.0% Upside
$14.25 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$41,155 Bought Last Quarter
Proj. Earnings Growth
3.36%
From $1.49 to $1.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Finance Sector

699th out of 1,786 stocks

State Commercial Banks Industry

217th out of 374 stocks


FBP stock logo

About First BanCorp. (NYSE:FBP) Stock

First BanCorp (Puerto Rico) is a holding company, which engages in the provision of personal, commercial, and corporate banking services. 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 the U.S. Virgin Islands a

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FBP Stock News Headlines

StockNews.com Begins Coverage on First BanCorp. (NYSE:FBP)
First BanCorp. (NYSE:FBP) Announces $0.14 Quarterly Dividend
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
First BanCorp. (NYSE:FBP) Short Interest Up 13.8% in April
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
First BanCorp. (FBP) Set to Announce Earnings on Tuesday
See More Headlines

FBP Price History

FBP Company Calendar

Ex-Dividend for 3/10 Dividend
2/23/2023
Dividend Payable
3/10/2023
Last Earnings
4/25/2023
Ex-Dividend for 6/9 Dividend
5/23/2023
Today
6/01/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
7/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
31867270
Employees
3,133
Year Founded
1948

Price Target and Rating

Average Stock Price Forecast
$14.25
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+23.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$305.07 million
Pretax Margin
42.37%

Debt

Sales & Book Value

Annual Sales
$918.39 million
Cash Flow
$1.83 per share
Book Value
$7.82 per share

Miscellaneous

Free Float
176,013,000
Market Cap
$2.08 billion
Optionable
Optionable
Beta
1.12

Social Links


Key Executives

  • Aurelio Alemán-Bermúdez
    President, Chief Executive Officer & Director
  • Donald L. Kafka
    Chief Operating Officer & Executive Vice President
  • Orlando Berges-González
    Chief Financial Officer & Executive Vice President
  • Nayda Rivera-Batista
    Chief Risk Officer & Executive Vice President
  • Sara Álvarez Cabrero
    Secretary, Executive VP & General Counsel













FBP Stock - Frequently Asked Questions

Should I buy or sell First BanCorp. stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FBP shares. 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.
View FBP analyst ratings
or view top-rated stocks.

What is First BanCorp.'s stock price forecast for 2023?

1 brokerages have issued 12 month price objectives for First BanCorp.'s stock. Their FBP share price forecasts range from $12.50 to $16.00. On average, they predict the company's share price to reach $14.25 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts price targets for FBP
or view top-rated stocks among Wall Street analysts.

How have FBP shares performed in 2023?

First BanCorp.'s stock was trading at $12.72 at the start of the year. Since then, FBP shares have decreased by 8.9% and is now trading at $11.5850.
View the best growth stocks for 2023 here
.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,510,000 shares, an increase of 15.1% from the April 30th total of 3,050,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the shares of the company are sold short.
View First BanCorp.'s Short Interest
.

When is First BanCorp.'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our FBP earnings forecast
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) announced its quarterly earnings results on Tuesday, April, 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The bank had revenue of $274.91 million for the quarter, compared to analyst estimates of $226.91 million. First BanCorp. had a trailing twelve-month return on equity of 21.11% and a net margin of 29.26%. During the same period in the prior year, the firm posted $0.41 EPS.

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

First BanCorp. announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Wednesday, May 24th will be given a dividend of $0.14 per share on Friday, June 9th. This represents a $0.56 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Tuesday, May 23rd.
Read our dividend analysis for FBP
.

Is First BanCorp. a good dividend stock?

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.82%. FBP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FBP.

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

17 employees have rated First BanCorp. Chief Executive Officer Aurelio Alemán on Glassdoor.com. Aurelio Alemán has an approval rating of 91% among the company's employees. This puts Aurelio Alemán in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.92%), Dimensional Fund Advisors LP (6.77%), American Century Companies Inc. (5.77%), State Street Corp (5.33%), FMR LLC (4.69%) and Bank of New York Mellon Corp (2.43%). Insiders that own company stock include Aurelio Aleman, Daniel Edward Frye, Gonzalez Orlando Berges, John A Heffern, Lawrence Odell, Michael Mcdonald, Nayda Rivera, Patricia Eaves, Roberto R Herencia and Tracey A Dedrick.
View institutional ownership trends
.

How do I buy shares of First BanCorp.?

Shares of FBP stock 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 $11.59.

How much money does First BanCorp. make?

First BanCorp. (NYSE:FBP) has a market capitalization of $2.08 billion and generates $918.39 million in revenue each year. The bank earns $305.07 million in net income (profit) each year or $1.57 on an earnings per share basis.

How many employees does First BanCorp. have?

The company employs 3,133 workers across the globe.

How can I contact First BanCorp.?

First BanCorp.'s mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The official website for the company is www.1firstbank.com. The bank can be reached via phone at (787) 729-8200, via email at john.pelling@firstbankpr.com, or via fax at 787-724-5040.

This page (NYSE:FBP) was last updated on 6/1/2023 by MarketBeat.com Staff

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