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Closing prices for crude oil, gold and other commodities
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Wall Street builds on gains, heads for 4-week winning streak
Judge revives Obama-era ban on coal sales from federal lands
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Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
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NYSE:FBP

First BanCorp. - FBP Stock Forecast, Price & News

$16.18
+0.26 (+1.63%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.92
$16.23
50-Day Range
$12.82
$16.18
52-Week Range
$11.66
$16.62
Volume
939,304 shs
Average Volume
1.61 million shs
Market Capitalization
$3.04 billion
P/E Ratio
10.79
Dividend Yield
3.02%
Price Target
$16.33

First BanCorp. MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
0.9% Upside
$16.33 Price Target
Short Interest
Healthy
3.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.12mentions of First BanCorp. in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$3.39 M Sold Last Quarter
Proj. Earnings Growth
9.37%
From $1.60 to $1.75 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Finance Sector

460th out of 918 stocks

State Commercial Banks Industry

100th out of 191 stocks

FBP stock logo

About First BanCorp. (NYSE:FBP) Stock

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial 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 engages 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 agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term and construction loans, as well as Internet banking, cash management, remote data capture, and automated clearing house transaction services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is based in Santurce, Puerto Rico.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of First BanCorp. to $16.00 in a research report on Monday, July 4th. StockNews.com cut First BanCorp. from a "buy" rating to a "hold" rating in a research report on Monday, May 23rd.

First BanCorp. Price Performance

Shares of First BanCorp. stock traded up $0.23 during trading on Friday, reaching $16.15. 29,953 shares of the stock traded hands, compared to its average volume of 1,683,229. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.98 and a beta of 1.17. First BanCorp. has a 52-week low of $11.66 and a 52-week high of $16.62. The business has a fifty day simple moving average of $14.06 and a two-hundred day simple moving average of $13.88.

First BanCorp. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, August 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, August 24th. First BanCorp.'s dividend payout ratio is presently 32.00%.

Insider Activity at First BanCorp.

In other First BanCorp. news, Director Roberto R. Herencia sold 100,000 shares of First BanCorp. stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $14.11, for a total value of $1,411,000.00. Following the completion of the transaction, the director now directly owns 732,484 shares of the company's stock, valued at approximately $10,335,349.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other First BanCorp. news, CEO Aurelio Aleman sold 10,000 shares of First BanCorp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $14.93, for a total transaction of $149,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,107,159 shares of the company's stock, valued at $16,529,883.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roberto R. Herencia sold 100,000 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $14.11, for a total transaction of $1,411,000.00. Following the completion of the sale, the director now directly owns 732,484 shares in the company, valued at approximately $10,335,349.24. The disclosure for this sale can be found here. Insiders have sold a total of 180,000 shares of company stock valued at $2,608,400 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

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FBP Stock News Headlines

Top-Ranked Dividend and Value Stocks to Buy in August
First BanCorp. (NYSE:FBP) CEO Sells $149,300.00 in Stock
First BanCorp. (NYSE:FBP) CEO Sells $600,000.00 in Stock
First BanCorp (FBP) Q2 2022 Earnings Call Transcript
First BanCorp. (FBP) to Release Quarterly Earnings on Friday
Best Income Stocks to Buy for June 1st
See More Headlines
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FBP Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 6/10 Dividend
5/24/2022
Dividend Payable
6/10/2022
Today
8/13/2022
Ex-Dividend for 9/9 Dividend
8/24/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
31867270
Employees
3,075
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.33
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+0.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$281.02 million
Pretax Margin
49.76%

Debt

Sales & Book Value

Annual Sales
$915.87 million
Cash Flow
$1.67 per share
Book Value
$8.29 per share

Miscellaneous

Free Float
184,038,000
Market Cap
$3.04 billion
Optionable
Optionable
Beta
1.17

Key Executives

  • Mr. Aurelio Alemán-Bermudez (Age 63)
    Pres, CEO & Director
    Comp: $2.94M
  • Mr. Orlando Berges-González CPA (Age 64)
    CPA, Exec. VP & CFO
    Comp: $1M
  • Mr. Donald L. Kafka (Age 62)
    Exec. VP & COO
    Comp: $880.58k
  • Mr. Cassan A. Pancham (Age 61)
    Exec. VP & Bus. Group Exec.
    Comp: $764.71k
  • Ms. Nayda Rivera-Batista CPA (Age 49)
    Exec. VP & Chief Risk Officer
    Comp: $818.61k
  • Mr. Said Ortiz CPA
    Chief Accounting Officer, Controller & Sr. VP
  • Ramon Rodriguez C.F.A.
    Sr. VP of Corp. Strategy / Investor Relations
  • Ms. Sara Alvarez-Cabrero (Age 47)
    Exec. VP, Gen. Counsel & Sec. of the Board
  • Ms. Ginoris López-Lay (Age 54)
    Exec. VP & Strategic Management Director
  • Mr. Thomas Michael McDonald (Age 60)
    Exec. VP & Bus. Group Director













FBP Stock - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First BanCorp. in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FBP shares.
View FBP analyst ratings
or view top-rated stocks.

What is First BanCorp.'s stock price forecast for 2022?

2 equities research analysts have issued 1-year target prices for First BanCorp.'s stock. Their FBP share price forecasts range from $16.00 to $17.00. On average, they expect the company's share price to reach $16.33 in the next year. This suggests a possible upside of 0.9% 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 2022?

First BanCorp.'s stock was trading at $13.78 at the start of the year. Since then, FBP stock has increased by 17.4% and is now trading at $16.18.
View the best growth stocks for 2022 here
.

Are investors shorting First BanCorp.?

First BanCorp. saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,010,000 shares, an increase of 21.3% from the July 15th total of 5,780,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.8% of the company's shares 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 Monday, October 24th 2022.
View our FBP earnings forecast
.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) released its earnings results on Sunday, October, 24th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The bank had revenue of $214.69 million for the quarter, compared to analyst estimates of $208.92 million. First BanCorp. had a net margin of 33.00% and a trailing twelve-month return on equity of 16.29%. During the same period last year, the business earned $0.10 earnings per share.

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

First BanCorp. declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.12 per share on Friday, September 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, August 24th.
Read our dividend analysis for FBP
.

Is First BanCorp. a good dividend stock?

First BanCorp. (NYSE:FBP) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.02%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FBP will have a dividend payout ratio of 27.43% 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 a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (3.86%), Frontier Capital Management Co. LLC (1.97%), Northern Trust Corp (1.51%), JPMorgan Chase & Co. (0.91%), Victory Capital Management Inc. (0.78%) and Principal Financial Group Inc. (0.72%). 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 and Roberto R Herencia.
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 $16.18.

How much money does First BanCorp. make?

First BanCorp. (NYSE:FBP) has a market capitalization of $3.20 billion and generates $915.87 million in revenue each year. The bank earns $281.02 million in net income (profit) each year or $1.50 on an earnings per share basis.

How many employees does First BanCorp. have?

The company employs 3,075 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 8/13/2022 by MarketBeat.com Staff

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