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

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$11.36 +0.21 (+1.88 %)
(As of 02/19/2019 04:00 PM ET)
Previous Close$11.15
Today's Range$11.06 - $11.38
52-Week Range$5.78 - $11.38
Volume2.01 million shs
Average Volume1.52 million shs
Market Capitalization$2.47 billion
P/E Ratio18.32
Dividend Yield1.08%
Beta1.55
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through 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 investment banking services. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs), as well as engages in the finance leasing and insurance activities. 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; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as retail CDs, Internet banking services, cash management, remote data capture, automated clearing house transactions, and term loans. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2017, the company operated 45 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. The company 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
Webwww.1firstbank.com
Phone787-729-8200

Debt

Debt-to-Equity Ratio0.46
Current Ratio1.01
Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio18.32
Forward P/E Ratio15.35
P/E GrowthN/A

Sales & Book Value

Annual Sales$707.28 million
Price / Sales3.49
Cash Flow$0.5802 per share
Price / Cash Flow19.58
Book Value$9.25 per share
Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$0.62
Net Income$201.60 million
Net Margins28.13%
Return on Equity7.36%
Return on Assets1.14%

Miscellaneous

Employees2,553
Outstanding Shares217,241,000
Market Cap$2.47 billion
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, February 15th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.03 per share on Friday, March 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, February 27th. View First Bancorp's Dividend History.

How were First Bancorp's earnings last quarter?

First Bancorp (NYSE:FBP) posted its earnings results on Tuesday, January, 29th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The bank had revenue of $158.23 million for the quarter, compared to analysts' expectations of $158.30 million. First Bancorp had a net margin of 28.13% and a return on equity of 7.36%. During the same period in the previous year, the firm earned $0.11 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 Friday, April 26th 2019. View Earnings Estimates for First Bancorp.

What price target have analysts set for FBP?

4 brokers have issued twelve-month price targets for First Bancorp's shares. Their forecasts range from $9.00 to $12.00. On average, they expect First Bancorp's share price to reach $10.1250 in the next year. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for First Bancorp.

What is the consensus analysts' recommendation for First Bancorp?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 4 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?

News headlines about FBP stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. First Bancorp earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are some of First Bancorp's key competitors?

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, Exec. VP & CFO (Age 61)
  • Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 58)
  • 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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.55%), Dimensional Fund Advisors LP (8.45%), Frontier Capital Management Co. LLC (5.19%), Bank of New York Mellon Corp (4.17%), Geode Capital Management LLC (1.33%) and Northern Trust Corp (1.20%). Company insiders that own First Bancorp stock include Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Institutional Ownership Trends for First Bancorp.

Which institutional investors are selling First Bancorp stock?

FBP stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Frontier Capital Management Co. LLC, Two Sigma Investments LP, GSA Capital Partners LLP, Mackay Shields LLC, Barclays PLC, CIBC Private Wealth Group LLC and Prudential Financial Inc.. View Insider Buying and Selling for First Bancorp.

Which institutional investors are buying First Bancorp stock?

FBP stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Philadelphia Financial Management of San Francisco LLC, Bank of America Corp DE, Oregon Public Employees Retirement Fund, Millennium Management LLC, BlackRock Inc., Hsbc Holdings PLC and APG Asset Management N.V.. 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 $11.36.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $2.47 billion and generates $707.28 million in revenue each year. The bank earns $201.60 million in net income (profit) each year or $0.62 on an earnings per share basis. First Bancorp employs 2,553 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 (star star half star)
Outperform Votes:  240 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  478
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 2/19/2019 by MarketBeat.com Staff

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