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Will First BanCorp. (FBP) benefit from Wall Street bulls Calls?

First BanCorp. (NYSE: FBP) is 7.18% higher on its value in year-to-date trading and has touched a low of $11.66 and a high of $16.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FBP stock was last observed hovering at around $14.79 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $14.77, the stock is 1.67% and 0.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -0.14% at the moment leaves the stock 4.91% off its SMA200. FBP registered 22.67% gain for a year compared to 6-month gain of 9.81%.

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The stock witnessed a -5.02% loss in the last 1 month and extending the period to 3 months gives it a 10.80%, and is 3.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 2.57% over the month.

First BanCorp. (FBP) has around 3075 employees, a market worth around $2.77B and $805.10M in sales. Current P/E ratio is 9.79 and Fwd P/E is 8.51. Profit margin for the company is 37.80%. Distance from 52-week low is 26.67% and -11.13% from its 52-week high. The company has generated returns on investments over the last 12 months (28.40%).

First BanCorp. is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 186.90% this year.

First BanCorp. (FBP) Top Institutional Holders

The shares outstanding are 194.41M, and float is at 184.66M with Short Float at 3.73%.

First BanCorp. (FBP) Insider Activity

A total of 52 insider transactions have happened at First BanCorp. (FBP) in the last six months, with sales accounting for 30 and purchases happening 22 times. The most recent transaction is an insider sale by RIVERA NAYDA,the company’sEVP and CRO. SEC filings show that RIVERA NAYDA sold 10,000 shares of the company’s common stock on Aug 12 at a price of $16.16 per share for a total of $0.16 million. Following the sale, the insider now owns 0.26 million shares.

First BanCorp. disclosed in a document filed with the SEC on Aug 10 that Berges Gonzalez Orlando (EVP and CFO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 10 and was made at $15.64 per share for $0.78 million. Following the transaction, the insider now directly holds 0.29 million shares of the FBP stock.

Still, SEC filings show that on Jul 29, RIVERA NAYDA (EVP and CRO) disposed off 10,000 shares at an average price of $15.10 for $0.15 million. The insider now directly holds 266,911 shares of First BanCorp. (FBP).

First BanCorp. (FBP): Who are the competitors?

The company’s main competitors (and peers) include Bank of the James Financial Group Inc. (BOTJ) that is trading -7.80% down over the past 12 months and Popular Inc. (BPOP) that is 9.41% higher over the same period. Northwest Bancshares Inc. (NWBI) is 16.96% up on the 1-year trading charts.

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