NYSE:FBPFirst Bancorp Stock Price, Forecast & News

First Bancorp's stock was trading at $6.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FBP shares have decreased by 12.1% and is now trading at $5.31. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Bancorp.

First Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for First Bancorp.

First Bancorp (NYSE:FBP) released its earnings results on Thursday, April, 30th. The bank reported ($0.03) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.19. The bank had revenue of $168.85 million for the quarter, compared to analyst estimates of $165.14 million. First Bancorp had a return on equity of 5.60% and a net margin of 16.17%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. View First Bancorp's earnings history.

First Bancorp announced a quarterly dividend on Monday, April 27th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.05 per share on Friday, June 12th. This represents a $0.20 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, May 27th. View First Bancorp's dividend history.

1 equities research analysts have issued twelve-month price targets for First Bancorp's shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate First Bancorp's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price. View analysts' price targets for First Bancorp.

Media headlines about FBP stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media 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 impact score of -3.8 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about First Bancorp.

First Bancorp saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,670,000 shares, a decrease of 8.9% from the June 15th total of 2,930,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.3% of the shares of the stock are sold short. View First Bancorp's Current Options Chain.

Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Bancorp investors own include Freeport-McMoRan (FCX), KeyCorp (KEY), General Electric (GE), Huntington Bancshares (HBAN), Cypress Semiconductor (CY), Energy Transfer LP Unit (ET), KKR & Co Inc (KKR), NovaBay Pharmaceuticals (NBY), Ring Energy (REI) and Ring Energy (REI).

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

First Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%). View institutional ownership trends for First Bancorp.

FBP stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of FBP stock can currently be purchased for approximately $5.31.

First Bancorp has a market capitalization of $1.16 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. First Bancorp employs 2,674 workers across the globe.

The official website for First Bancorp is www.1firstbank.com.

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]