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First Bancorp PR (FBP) Stock Could Soon Reward Patient Investors


First Bancorp PR (NYSE: FBP) is 4.07% higher on its value in year-to-date trading and has touched a low of $11.80 and a high of $18.62 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 $17.34 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $17.12, the stock is -3.73% and -2.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -1.27% at the moment leaves the stock 8.08% off its SMA200. FBP registered 33.02% gain for a year compared to 6-month gain of 7.67%.

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The stock witnessed a -5.20% loss in the last 1 month and extending the period to 3 months gives it a 1.42%, and is -1.83% 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 1.75% over the week and 1.68% over the month.

First Bancorp PR (FBP) has around 3168 employees, a market worth around $2.85B and $1.18B in sales. Current P/E ratio is 9.73 and Fwd P/E is 9.23. Profit margin for the company is 25.87%. Distance from 52-week low is 45.08% and -8.06% from its 52-week high. The company has generated returns on investments over the last 12 months (15.58%).

The EPS is expected to shrink by -0.50% this year.

First Bancorp PR (FBP) Top Institutional Holders

The shares outstanding are 169.30M, and float is at 162.22M with Short Float at 1.58%.

First Bancorp PR (FBP) Insider Activity

The most recent transaction is an insider sale by Power Carlos,the company’sEVP. SEC filings show that Power Carlos sold 5,277 shares of the company’s common stock on May 28 ’24 at a price of $18.01 per share for a total of $95054.0. Following the sale, the insider now owns 0.26 million shares.

First Bancorp PR disclosed in a document filed with the SEC on May 01 ’24 that Berges Gonzalez Orlando (EVP and CFO) sold a total of 75,000 shares of the company’s common stock. The trade occurred on May 01 ’24 and was made at $17.92 per share for $1.34 million. Following the transaction, the insider now directly holds 0.28 million shares of the FBP stock.

Still, SEC filings show that on Mar 15 ’24, LUZ CRESPO (Director) disposed off 10,000 shares at an average price of $16.47 for $0.16 million. The insider now directly holds 50,055 shares of First Bancorp PR (FBP).

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