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First BanCorp. (FBP) Stock Price, News & Analysis

First BanCorp. logo
$21.30 +0.28 (+1.33%)
(As of 11/22/2024 ET)

About First BanCorp. Stock (NYSE:FBP)

Key Stats

Today's Range
$20.98
$21.35
50-Day Range
$18.88
$22.20
52-Week Range
$14.72
$22.40
Volume
1.51 million shs
Average Volume
1.04 million shs
Market Capitalization
$3.49 billion
P/E Ratio
11.77
Dividend Yield
3.01%
Price Target
$21.40
Consensus Rating
Moderate Buy

Company Overview

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. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; and purchase of mortgage loans from branch and mortgage bankers. The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, term and construction loan, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

First BanCorp. Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
70th Percentile Overall Score

FBP MarketRank™: 

First BanCorp. scored higher than 70% of companies evaluated by MarketBeat, and ranked 399th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First BanCorp. has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    First BanCorp. has only been the subject of 3 research reports in the past 90 days.

  • Read more about First BanCorp.'s stock forecast and price target.
  • Earnings Growth

    Earnings for First BanCorp. are expected to grow by 1.14% in the coming year, from $1.76 to $1.78 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First BanCorp. is 11.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First BanCorp. is 11.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.72.

  • Price to Earnings Growth Ratio

    First BanCorp. has a PEG Ratio of 1.86. 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 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about First BanCorp.'s valuation and earnings.
  • Percentage of Shares Shorted

    1.38% of the float of First BanCorp. has been sold short.
  • Short Interest Ratio / Days to Cover

    First BanCorp. has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First BanCorp. has recently decreased by 28.80%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    First BanCorp. pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    First BanCorp. does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of First BanCorp. is 35.36%. 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 35.96% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

  • Read more about First BanCorp.'s dividend.
  • Percentage of Shares Shorted

    1.38% of the float of First BanCorp. has been sold short.
  • Short Interest Ratio / Days to Cover

    First BanCorp. has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in First BanCorp. has recently decreased by 28.80%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    First BanCorp. has a news sentiment score of 1.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for First BanCorp. this week, compared to 3 articles on an average week.
  • Search Interest

    3 people have searched for FBP on MarketBeat in the last 30 days.
  • MarketBeat Follows

    2 people have added First BanCorp. to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, First BanCorp. insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $736,365.00 in company stock.

  • Percentage Held by Insiders

    Only 2.50% of the stock of First BanCorp. is held by insiders.

  • Percentage Held by Institutions

    97.91% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about First BanCorp.'s insider trading history.
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FBP Stock News Headlines

First BanCorp. (NYSE:FBP) EVP Sells $529,750.00 in Stock
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First Financial Bancorp reports Q3 EPS 74c, consensus 91c
First BanCorp. Q3 2024 Earnings Preview
See More Headlines

FBP Stock Analysis - Frequently Asked Questions

First BanCorp.'s stock was trading at $16.45 on January 1st, 2024. Since then, FBP shares have increased by 29.5% and is now trading at $21.2950.
View the best growth stocks for 2024 here
.

First BanCorp. (NYSE:FBP) issued its quarterly earnings data on Wednesday, October, 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. First BanCorp.'s quarterly revenue was up 2.0% on a year-over-year basis.

Top institutional investors of First BanCorp. include FMR LLC (7.08%), State Street Corp (5.61%), Geode Capital Management LLC (2.68%) and Charles Schwab Investment Management Inc. (1.09%). Insiders that own company stock include Aurelio Aleman, Roberto R Herencia, Gonzalez Orlando Berges, Nayda Rivera, Carlos Power, Donald Kafka, Michael Mcdonald, John A Heffern, Crespo Luz, Tracey A Dedrick and Patricia Eaves.
View institutional ownership trends
.

Shares of FBP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that First BanCorp. investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/13 Dividend
8/29/2024
Dividend Payable
9/13/2024
Last Earnings
10/23/2024
Today
11/22/2024
Ex-Dividend for 12/13 Dividend
11/29/2024
Dividend Payable
12/13/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
31867270
Employees
3,168
Year Founded
1948

Price Target and Rating

Average Stock Price Target
$21.40
High Stock Price Target
$24.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$302.86 million
Pretax Margin
31.33%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$2.03 per share
Book Value
$10.38 per share

Miscellaneous

Free Float
159,773,000
Market Cap
$3.49 billion
Optionable
Optionable
Beta
1.11

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This page (NYSE:FBP) was last updated on 11/23/2024 by MarketBeat.com Staff
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