First Bancorp PR (NYSE: FBP) is -0.61% lower on its value in year-to-date trading and has touched a low of $10.18 and a high of $17.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FBP stock was last observed hovering at around $16.79 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $16.35, the stock is -2.98% and -1.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -2.62% at the moment leaves the stock 11.73% off its SMA200. FBP registered 36.59% gain for a year compared to 6-month gain of 19.87%.
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The stock witnessed a -0.24% loss in the last 1 month and extending the period to 3 months gives it a 3.09%, and is -5.98% down 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 2.27% over the week and 2.12% over the month.
First Bancorp PR (FBP) has around 3168 employees, a market worth around $2.74B and $1.15B in sales. Current P/E ratio is 9.55 and Fwd P/E is 8.92. Profit margin for the company is 26.23%. Distance from 52-week low is 60.61% and -7.65% from its 52-week high. The company has generated returns on investments over the last 12 months (13.68%).
First Bancorp PR quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $205.74M over the same period.The EPS is expected to shrink by -5.93% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.
337 institutions hold shares in First Bancorp PR (FBP), with institutional investors hold 98.36% of the company’s shares. The shares outstanding are 169.30M, and float is at 163.33M with Short Float at 2.21%. Institutions hold 96.35% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 26.01 million shares valued at $317.89 million. The investor’s holdings represent 14.59% of the FBP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.85 million shares valued at $279.17 million to account for 12.81% of the shares outstanding. The other top investors are FMR, LLC which holds 11.78 million shares representing 6.61% and valued at over $144.0 million, while Alliancebernstein L.P. holds 6.24% of the shares totaling 11.12 million with a market value of $135.9 million.
First Bancorp PR (FBP) Insider Activity
The most recent transaction is an insider sale by ALEMAN AURELIO, the company’s President and CEO. SEC filings show that ALEMAN AURELIO sold 50,000 shares of the company’s common stock on Mar 05 ’24 at a price of $17.17 per share for a total of $0.86 million. Following the sale, the insider now owns 1.13 million shares.
First Bancorp PR disclosed in a document filed with the SEC on Mar 05 ’24 that RIVERA NAYDA (EVP and CRO) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $17.12 per share for $0.26 million. Following the transaction, the insider now directly holds 0.25 million shares of the FBP stock.
Still, SEC filings show that on Jan 30 ’24, McDonald Michael (EVP) disposed off 57,600 shares at an average price of $17.34 for $1.0 million. The insider now directly holds 98,501 shares of First Bancorp PR (FBP).
