First BanCorp. (NYSE:FBP) Price Target Raised to $25.00 at Truist Financial

First BanCorp. (NYSE:FBP) had its price objective upped by Truist Financial from $24.00 to $25.00 in a research note issued to investors on Thursday, MarketBeat reports. Truist Financial currently has a buy rating on the bank’s stock.

A number of other equities research analysts have also weighed in on the stock. Hovde Group upped their target price on shares of First BanCorp. from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of First BanCorp. in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on First BanCorp. from $24.00 to $24.50 and gave the company a “market perform” rating in a report on Wednesday. Wells Fargo & Company decreased their price target on First BanCorp. from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, October 27th. Finally, Piper Sandler began coverage on First BanCorp. in a research report on Thursday, January 15th. They issued a “neutral” rating and a $23.00 price target for the company. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.42.

First BanCorp. Price Performance

Shares of NYSE:FBP opened at $22.13 on Thursday. First BanCorp. has a twelve month low of $16.40 and a twelve month high of $22.60. The stock’s 50 day moving average is $20.96 and its 200-day moving average is $21.11. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.22 and a beta of 0.88.

First BanCorp. (NYSE:FBP) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. First BanCorp. had a net margin of 27.48% and a return on equity of 17.33%. The business had revenue of $257.17 million during the quarter, compared to analyst estimates of $256.18 million. During the same quarter in the previous year, the business posted $0.46 EPS. Sell-side analysts forecast that First BanCorp. will post 1.85 EPS for the current fiscal year.

First BanCorp. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Thursday, February 26th will be given a $0.20 dividend. This is an increase from First BanCorp.’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, February 26th. First BanCorp.’s payout ratio is presently 33.49%.

Insider Transactions at First BanCorp.

In other First BanCorp. news, EVP Michael Mcdonald sold 34,122 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $22.11, for a total value of $754,437.42. Following the completion of the transaction, the executive vice president owned 62,937 shares in the company, valued at $1,391,537.07. This represents a 35.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On First BanCorp.

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in First BanCorp. in the second quarter worth about $41,404,000. Boston Partners increased its stake in shares of First BanCorp. by 767.8% during the 3rd quarter. Boston Partners now owns 1,262,241 shares of the bank’s stock worth $27,832,000 after purchasing an additional 1,116,791 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of First BanCorp. by 82.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank’s stock worth $29,878,000 after purchasing an additional 649,987 shares during the period. American Century Companies Inc. lifted its stake in First BanCorp. by 8.9% in the second quarter. American Century Companies Inc. now owns 7,541,918 shares of the bank’s stock valued at $157,098,000 after purchasing an additional 616,170 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in First BanCorp. by 31.6% during the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock valued at $50,365,000 after purchasing an additional 548,164 shares during the period. Institutional investors own 97.91% of the company’s stock.

Trending Headlines about First BanCorp.

Here are the key news stories impacting First BanCorp. this week:

• Positive Sentiment: Q4 beat and strong metrics — FBP reported Q4 EPS of $0.55 (vs. $0.52 est.) and revenue modestly above expectations; management highlighted healthy margins and ROE, which supports the rally. FBP Exceeds Q4 CY2025 Expectations
• Positive Sentiment: Shareholder-friendly capital actions — coverage notes a dividend increase and share buybacks after record results, improving yield and total-return prospects for investors. A Look At First BanCorp Valuation After Record Results Dividend Hike And Share Buybacks
• Positive Sentiment: Analyst price-target increases — several firms raised targets (Truist to $25 with a Buy; Hovde to $26 Outperform; Keefe, Bruyette & Woods to $24.50 Market Perform), signaling visible upside from current levels and supporting buying interest. Truist price target raise to $25
• Neutral Sentiment: Guidance and strategy — management outlined a 3–5% organic loan growth target and a “100% earnings return” strategy (capital returned to shareholders). Positive for yield but execution and macro sensitivity create uncertainty. First BanCorp outlines growth and earnings-return strategy
• Neutral Sentiment: Call/transcript coverage — earnings call highlights and analyst discussion provide detail on deposit trends, credit quality and capital deployment; useful for investors but not an immediate catalyst beyond the quarter. Q4 2025 earnings call transcript
• Negative Sentiment: Insider selling — EVP Michael McDonald sold 34,122 shares (~35% reduction of his position) at an average $22.11. While insider sales can be routine, the size of the reduction may raise short-term investor caution. SEC filing for insider sale

About First BanCorp.

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.