S&P 500   3,841.94
DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:FBP

First BanCorp. Stock Forecast, Price & News

$11.13
+0.18 (+1.64 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$10.66
Now: $11.13
$11.16
50-Day Range
$9.10
MA: $10.08
$11.06
52-Week Range
$3.50
Now: $11.13
$11.35
Volume2.06 million shs
Average Volume1.86 million shs
Market Capitalization$2.43 billion
P/E Ratio28.54
Dividend Yield2.55%
Beta1.43
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, Mortgage Banking, Consumer (Retail) 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. 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 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 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, 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, 2019, 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.
First BanCorp. logo

Headlines

Recap: First BanCorp Q4 Earnings
January 29, 2021 |  finance.yahoo.com
Earnings Outlook For First BanCorp
January 28, 2021 |  finance.yahoo.com
First BanCorp/Puerto Rico
January 23, 2021 |  bloomberg.com
FBP Crosses Above Average Analyst Target
January 7, 2021 |  nasdaq.com
FBP Jun 2021 12.000 call
January 6, 2021 |  uk.finance.yahoo.com
FBP Feb 2021 11.000 call
January 5, 2021 |  uk.finance.yahoo.com
FBP Jan 2021 11.000 call
December 22, 2020 |  uk.finance.yahoo.com
FBP Jan 2021 10.000 call
December 20, 2020 |  uk.finance.yahoo.com
Is FBP A Good Stock To Buy Now According To Hedge Funds?
December 19, 2020 |  finance.yahoo.com
PokerBROS Celebrates First Anniversary
December 4, 2020 |  uk.finance.yahoo.com
Understanding First BanCorp's Ex-Dividend Date
November 24, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP31867270
Phone787-729-8200
Employees2,674
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$766.47 million
Cash Flow$0.92 per share
Book Value$10.09 per share

Profitability

Net Income$167.38 million

Miscellaneous

Market Cap$2.43 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.24 out of 5 stars

Finance Sector

92nd out of 1,940 stocks

State Commercial Banks Industry

14th out of 310 stocks

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.8 5 -4 -3 -2 -1 -
$11.13
+0.18 (+1.64 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First BanCorp. (NYSE:FBP) Frequently Asked Questions

Is First BanCorp. a buy right now?

1 Wall Street research 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 research analysts is that investors should "hold" First BanCorp. stock. 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 analyst ratings for First BanCorp.
or view top-rated stocks.

What stocks does MarketBeat like better than First BanCorp.?

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

When is First BanCorp.'s next earnings date?

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

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) released its quarterly earnings results on Thursday, January, 28th. The bank reported $0.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.05. First BanCorp. had a trailing twelve-month return on equity of 3.63% and a net margin of 11.28%. During the same quarter last year, the company posted $0.19 EPS.
View First BanCorp.'s earnings history
.

How has First BanCorp.'s stock price been impacted by Coronavirus?

First BanCorp.'s stock was trading at $6.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FBP shares have increased by 84.3% and is now trading at $11.13.
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, January 28th. Shareholders of record on Friday, February 26th will be given a dividend of $0.07 per share on Friday, March 12th. This represents a $0.28 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, February 25th. This is an increase from First BanCorp.'s previous quarterly dividend of $0.05.
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 2.55%. First BanCorp. does not yet have a strock track record of dividend growth. The dividend payout ratio of First BanCorp. is 37.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 27.45% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.
View First BanCorp.'s dividend history.

What price target have analysts set for FBP?

1 brokerages have issued 12 month price targets for First BanCorp.'s shares. Their forecasts range from $7.00 to $7.00. On average, they expect First BanCorp.'s share price to reach $7.00 in the next year. This suggests that the stock has a possible downside of 37.1%.
View analysts' price targets for First BanCorp.
or view top-rated stocks among Wall Street analysts.

Who are First BanCorp.'s key executives?

First BanCorp.'s management team includes the following people:
  • Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 62, Pay $1.99M)
  • Mr. Orlando Berges-González CPA, CPA, Exec. VP, CFO & Interim Chief Accounting Officer (Age 63, Pay $988.92k)
  • Mr. Donald L. Kafka, Exec. VP & COO (Age 61, Pay $896.99k)
  • Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 48, Pay $809.09k)
  • Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 53, Pay $944.43k)
  • Mr. John B. Pelling III, Investor Relations Officer & Capital Planning Officer
  • Mr. Lawrence Odell, Exec. VP, Gen. Counsel & Sec. (Age 73)
  • Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 60)
  • Ms. Ginoris López-Lay, Exec. VP & Strategic Management Director (Age 53)
  • Jon P. Swatsburg, Exec. VP of Youth Services (Age 50)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.27%), Dimensional Fund Advisors LP (7.99%), Frontier Capital Management Co. LLC (2.92%), Bank of New York Mellon Corp (2.64%), Northern Trust Corp (2.08%) and Morgan Stanley (1.89%).
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 Frontier Capital Management Co. LLC, Jacobs Asset Management LLC, BlackRock Inc., Panagora Asset Management Inc., JPMorgan Chase & Co., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, and Renaissance Technologies LLC.
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 acquired by a variety of institutional investors in the last quarter, including Norges Bank, Morgan Stanley, Schroder Investment Management Group, rhino investment partners Inc, Healthcare of Ontario Pension Plan Trust Fund, Healthcare of Ontario Pension Plan Trust Fund, Richard Bernstein Advisors LLC, and HoldCo Asset Management L.P..
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 $11.13.

How much money does First BanCorp. make?

First BanCorp. has a market capitalization of $2.43 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.

How many employees does First BanCorp. have?

First BanCorp. employs 2,674 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 3/7/2021 by MarketBeat.com Staff

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