17,050 Shares in First BanCorp. (NYSE:FBP) Purchased by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of First BanCorp. (NYSE:FBP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,050 shares of the bank's stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBP. Vanguard Group Inc. raised its position in shares of First BanCorp. by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 21,462,121 shares of the bank's stock valued at $398,981,000 after purchasing an additional 63,304 shares during the period. American Century Companies Inc. raised its holdings in First BanCorp. by 1.2% during the 4th quarter. American Century Companies Inc. now owns 6,724,074 shares of the bank's stock valued at $125,001,000 after acquiring an additional 78,129 shares during the period. Geode Capital Management LLC lifted its position in shares of First BanCorp. by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,462,862 shares of the bank's stock worth $82,981,000 after acquiring an additional 76,256 shares in the last quarter. Norges Bank bought a new position in shares of First BanCorp. in the fourth quarter worth $35,275,000. Finally, Invesco Ltd. boosted its holdings in shares of First BanCorp. by 11.0% in the fourth quarter. Invesco Ltd. now owns 1,846,692 shares of the bank's stock worth $34,330,000 after acquiring an additional 182,754 shares during the period. Institutional investors own 97.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FBP. Keefe, Bruyette & Woods boosted their price objective on First BanCorp. from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company raised shares of First BanCorp. from an "equal weight" rating to an "overweight" rating and set a $20.00 price target on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First BanCorp. currently has an average rating of "Moderate Buy" and a consensus price target of $22.40.

First BanCorp. Trading Down 1.7 %

Shares of FBP stock opened at $19.24 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. First BanCorp. has a 52-week low of $16.40 and a 52-week high of $22.40. The business's fifty day moving average is $18.57 and its 200 day moving average is $19.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 0.81.

First BanCorp. (NYSE:FBP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. First BanCorp. had a return on equity of 18.89% and a net margin of 24.37%. The firm had revenue of $248.13 million for the quarter, compared to analysts' expectations of $243.08 million. On average, equities research analysts anticipate that First BanCorp. will post 1.85 EPS for the current fiscal year.

First BanCorp. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 29th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 3.74%. First BanCorp.'s dividend payout ratio is presently 39.13%.

Insider Transactions at First BanCorp.

In other news, EVP Carlos Power sold 45,797 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $20.77, for a total transaction of $951,203.69. Following the transaction, the executive vice president now directly owns 186,543 shares in the company, valued at approximately $3,874,498.11. This represents a 19.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company's stock.

First BanCorp. Profile

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

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