First Bancorp PR (NYSE: FBP) is -5.11% lower on its value in year-to-date trading and has touched a low of $16.24 and a high of $22.40 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 $17.56 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $17.64, the stock is -7.62% and -9.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.46% at the moment leaves the stock -10.79% off its SMA200. FBP registered 4.50% gain for a year compared to 6-month gain of -11.58%. The firm has a 50-day simple moving average (SMA 50) of $19.5266 and a 200-day simple moving average (SMA200) of $19.77295.
The stock witnessed a -15.92% loss in the last 1 month and extending the period to 3 months gives it a -13.99%, and is -4.75% 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 2.95% over the week and 2.54% over the month.
First Bancorp PR (FBP) has around 3113 employees, a market worth around $2.89B and $1.23B in sales. Current P/E ratio is 9.76 and Fwd P/E is 8.46. Profit margin for the company is 24.34%. Distance from 52-week low is 8.65% and -21.23% from its 52-week high. The company has generated returns on investments over the last 12 months (14.44%).
with sales reaching $243.08M over the same period.The EPS is expected to grow by 0.72% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 5.46% in year-over-year returns.
384.0 institutions hold shares in First Bancorp PR (FBP), with institutional investors hold 101.15% of the company’s shares. The shares outstanding are 163.87M, and float is at 160.23M with Short Float at 2.44%. Institutions hold 99.37% 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
The most recent transaction is an insider sale by Power Carlos, the company’s EVP. SEC filings show that Power Carlos sold 45,797 shares of the company’s common stock on Feb 05 ’25 at a price of $20.77 per share for a total of $0.95 million. Following the sale, the insider now owns 0.19 million shares.
First Bancorp PR disclosed in a document filed with the SEC on Feb 07 ’25 that Power Carlos (EVP) sold a total of 10,321 shares of the company’s common stock. The trade occurred on Feb 07 ’25 and was made at $20.75 per share for $0.21 million. Following the transaction, the insider now directly holds 0.18 million shares of the FBP stock.
Still, SEC filings show that on Nov 29 ’24, Heffern John A. (Director) disposed off 15,000 shares at an average price of $20.53 for $0.31 million. The insider now directly holds 74,570 shares of First Bancorp PR (FBP).
