First BanCorp. (FBP) Projected to Post Earnings on Thursday

First BanCorp. (NYSE:FBP - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $243.08 million for the quarter.

First BanCorp. (NYSE:FBP - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. First BanCorp. had a return on equity of 18.89% and a net margin of 24.37%. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, analysts expect First BanCorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First BanCorp. Stock Down 1.1 %

NYSE FBP traded down $0.20 during trading on Monday, hitting $18.05. The stock had a trading volume of 1,113,679 shares, compared to its average volume of 1,071,634. First BanCorp. has a 12 month low of $16.40 and a 12 month high of $22.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 0.81. The company's 50-day moving average price is $18.67 and its two-hundred day moving average price is $19.57. The company has a market capitalization of $2.94 billion, a PE ratio of 9.97, a P/E/G ratio of 1.34 and a beta of 0.90.

First BanCorp. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.18 per share. This is a boost from First BanCorp.'s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 21st. This represents a $0.72 annualized dividend and a yield of 3.99%. First BanCorp.'s dividend payout ratio is presently 39.78%.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Carlos Power sold 45,797 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $20.77, for a total transaction of $951,203.69. Following the completion of the sale, the executive vice president now owns 186,543 shares in the company, valued at approximately $3,874,498.11. This trade represents a 19.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company's stock.

First BanCorp. Company 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.