NYSE:FBPFirst Bancorp Stock Price, Forecast & News

$5.96

+0.23 (+4.01 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$5.77

Now: $5.96▼

$6.11

50-Day Range

$4.58

MA: $5.33▼

$6.18

52-Week Range

$3.50

Now: $5.96▼

$11.24

Volume1.67 million shs

Average Volume1.91 million shs

Market Capitalization$1.30 billion

P/E Ratio10.46

Dividend Yield3.49%

Beta1.57

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, 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 broker-dealer services. 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 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, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, automobile loans, 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, 2018, 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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
First Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, First Bancorp has a potential downside of 24.5% from its current price of $5.96.
Amount of Analyst Coverage
First Bancorp has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
First Bancorp has received 268 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Bancorp has received 292 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Bancorp has received 52.14% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
First Bancorp is a leading dividend payer. It pays a dividend yield of 3.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of First Bancorp is 26.67 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Bancorp will have a dividend payout ratio of 23.53 % next year. This indicates that First Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.13% of the stock of First Bancorp is held by insiders.
Percentage Held by Institutions
91.33% of the stock of First Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for First Bancorp are expected to grow by 107.32% in the coming year, from $0.41 to $0.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Bancorp is 10.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Bancorp is 10.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.67.
Price to Earnings Growth Ratio
First Bancorp has a PEG Ratio of 2.29. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Bancorp has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.30 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FBP

Previous Symbol

CUSIP31867270

CIK1057706

Webwww.1firstbank.com

Phone787-729-8200

Debt

Debt-to-Equity Ratio0.35

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio10.46

Forward P/E Ratio14.54

P/E Growth2.29

Sales & Book Value

Annual Sales$766.47 million

Price / Sales1.70

Cash Flow$0.94 per share

Price / Cash Flow6.36

Book Value$9.92 per share

Price / Book0.60

Profitability

EPS (Most Recent Fiscal Year)$0.75

Net Income$167.38 million

Net Margins16.17%

Return on Equity5.60%

Return on Assets0.95%

Miscellaneous

Employees2,674

Outstanding Shares218,158,000

Market Cap$1.30 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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First Bancorp (NYSE:FBP) Frequently Asked Questions

How has First Bancorp's stock been impacted by COVID-19 (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 decreased by 1.3% and is now trading at $5.96. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Bancorp?

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.

When is First Bancorp's next earnings date?

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

How were First Bancorp's earnings last quarter?

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

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

First Bancorp declared a quarterly dividend on Monday, April 27th. Investors of record on Thursday, May 28th will be paid a dividend of $0.05 per share on Friday, June 12th. This represents a $0.20 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, May 27th. View First Bancorp's dividend history.

What price target have analysts set for FBP?

1 brokers have issued 1-year price objectives for First Bancorp's shares. Their forecasts range from $4.50 to $4.50. On average, they expect First Bancorp's share price to reach $4.50 in the next year. This suggests that the stock has a possible downside of 24.5%. View analysts' price targets for First Bancorp.

Has First Bancorp been receiving favorable news coverage?

Media coverage about FBP stock has been trending negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Bancorp earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutFirst Bancorp.

Are investors shorting First Bancorp?

First Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,350,000 shares, an increase of 9.0% from the April 30th total of 3,990,000 shares. Based on an average daily volume of 2,120,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.0% of the company's stock are short sold. View First Bancorp's Current Options Chain.

Who are some of First Bancorp's key competitors?

Some companies that are related to First Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 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), NovaBay Pharmaceuticals (NBY) and Ring Energy (REI).

Who are First Bancorp's key executives?

First Bancorp's management team includes the following people:

Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 60)
Mr. Orlando Berges-González CPA, CPA, Exec. VP & CFO (Age 61)
Mr. Donald L. Kafka, Exec. VP & COO (Age 59)
Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 46)
Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 51)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.43%), State Street Corp (3.95%), Frontier Capital Management Co. LLC (3.46%), Bank of New York Mellon Corp (2.79%), Wellington Management Group LLP (2.26%) and JPMorgan Chase & Co. (1.85%). 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 APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., New York State Common Retirement Fund, Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., and Alliancebernstein L.P.. View insider buying and selling activity for First Bancorp.

Which major investors are buying First Bancorp stock?

FBP stock was acquired by a variety of institutional investors in the last quarter, including EJF Capital LLC, Invesco Ltd., Alyeska Investment Group L.P., Wellington Management Group LLP, Aigen Investment Management LP, Rock Point Advisors LLC, Monarch Partners Asset Management LLC, and Stilwell Value LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is First Bancorp's stock price today?

One share of FBP stock can currently be purchased for approximately $5.96.

How big of a company is First Bancorp?

First Bancorp has a market capitalization of $1.30 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.

What is First Bancorp's official website?

The official website for First Bancorp is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff