First Bancorp PR (NYSE: FBP) is 28.75% higher on its value in year-to-date trading and has touched a low of $12.72 and a high of $22.12 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 $21.46 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $21.18, the stock is 3.77% and 8.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -1.30% at the moment leaves the stock 21.88% off its SMA200. FBP registered 54.37% gain for a year compared to 6-month gain of 27.05%.
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The stock witnessed a -2.98% loss in the last 1 month and extending the period to 3 months gives it a 17.80%, and is 1.92% 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 2.44% over the week and 2.55% over the month.
First Bancorp PR (FBP) has around 3168 employees, a market worth around $3.47B and $1.20B in sales. Current P/E ratio is 11.62 and Fwd P/E is 11.06. Profit margin for the company is 25.83%. Distance from 52-week low is 66.57% and -4.25% from its 52-week high. The company has generated returns on investments over the last 12 months (15.75%).
with sales reaching $215.56M over the same period.The EPS is expected to grow by 1.97% this year, but quarterly earnings will post 7.30% year-over-year.
First Bancorp PR (FBP) Top Institutional Holders
348.0 institutions hold shares in First Bancorp PR (FBP), with institutional investors hold 98.78% of the company’s shares. The shares outstanding are 169.30M, and float is at 159.90M with Short Float at 1.38%. Institutions hold 96.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 24.1 million shares valued at $440.81 million. The investor’s holdings represent 14.4197% of the FBP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.33 million shares valued at $390.19 million to account for 12.7636 of the shares outstanding. The other top investors are FMR LLC which holds 11.78 million shares representing 7.0495% and valued at over $215.5 million, while DIMENSIONAL FUND ADVISORS LP holds 5.8556 of the shares totaling 9.79 million with a market value of $179.0 million.
First Bancorp PR (FBP) Insider Activity
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First Bancorp PR disclosed in a document filed with the SEC on Aug 16 ’24 that McDonald Michael (EVP) sold a total of 9,048 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $20.53 per share for $0.19 million. Following the transaction, the insider now directly holds 97032.0 shares of the FBP stock.
Still, SEC filings show that on Aug 15 ’24, McDonald Michael (EVP) disposed off 3,201 shares at an average price of $20.37 for $65217.0. The insider now directly holds 106,080 shares of First Bancorp PR (FBP).
