First BanCorp. (NYSE:FBP – Get Free Report) CFO Gonzalez Orlando Berges sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $17.92, for a total transaction of $1,344,000.00. Following the completion of the transaction, the chief financial officer now owns 277,020 shares in the company, valued at approximately $4,964,198.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
First BanCorp. Trading Up 0.6 %
FBP opened at $18.08 on Friday. The firm’s 50 day moving average is $17.06 and its 200-day moving average is $16.12. First BanCorp. has a 52-week low of $10.18 and a 52-week high of $18.32. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.06 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.48 and a beta of 1.16.
First BanCorp. (NYSE:FBP – Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $302.49 million for the quarter, compared to the consensus estimate of $229.19 million. First BanCorp. had a net margin of 25.82% and a return on equity of 21.58%. During the same quarter in the previous year, the firm posted $0.39 EPS. Analysts expect that First BanCorp. will post 1.76 EPS for the current fiscal year.
First BanCorp. Announces Dividend
Institutional Investors Weigh In On First BanCorp.
A number of hedge funds have recently bought and sold shares of FBP. Private Wealth Management Group LLC acquired a new position in shares of First BanCorp. in the 4th quarter valued at approximately $26,000. Neo Ivy Capital Management bought a new position in First BanCorp. during the 4th quarter valued at $36,000. Strs Ohio boosted its stake in First BanCorp. by 206.3% during the 4th quarter. Strs Ohio now owns 4,900 shares of the bank’s stock valued at $80,000 after acquiring an additional 3,300 shares during the last quarter. Headlands Technologies LLC acquired a new position in First BanCorp. during the 4th quarter worth $113,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of First BanCorp. in the 3rd quarter worth about $138,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
Analyst Ratings Changes
FBP has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of First BanCorp. from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods raised their price objective on First BanCorp. from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th.
Read Our Latest Stock Analysis on FBP
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.
Featured Stories
- Five stocks we like better than First BanCorp.
- There Are Different Types of Stock To Invest In
- MarketBeat Week in Review – 4/29 – 5/3
- Trading Halts Explained
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- What Are Trending Stocks? Trending Stocks Explained
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for First BanCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First BanCorp. and related companies with MarketBeat.com's FREE daily email newsletter.