Analyst Valuation and EPS Growth for First BanCorp. (NYSE:FBP)

Earnings results for First BanCorp. (NYSE:FBP)

First BanCorp. is expected* to report earnings on 01/29/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.22. The reported EPS for the same quarter last year was $0.19.

First BanCorp. last announced its earnings data on November 4th, 2020. The bank reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $178.63 million for the quarter, compared to analyst estimates of $177.11 million. First BanCorp. has generated $0.75 earnings per share over the last year and currently has a price-to-earnings ratio of 24.7. First BanCorp. has confirmed that its next quarterly earnings report will be published on Friday, January 29th, 2021.

Analyst Opinion on First BanCorp. (NYSE:FBP)

1 Wall Street analysts have issued ratings and price targets for First BanCorp. in the last 12 months. Their average twelve-month price target is $7.00, predicting that the stock has a possible downside of 27.23%. The high price target for FBP is $7.00 and the low price target for FBP is $7.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

First BanCorp. has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $7.00, First BanCorp. has a forecasted downside of 27.2% from its current price of $9.62. First BanCorp. has received no research coverage in the past 90 days.

Dividend Strength: First BanCorp. (NYSE:FBP)

First BanCorp. pays a meaningful dividend of 2.20%, higher than the bottom 25% of all stocks that pay dividends. First BanCorp. does not have a long track record of dividend growth. The dividend payout ratio of First BanCorp. is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 19.61% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

Insiders buying/selling: First BanCorp. (NYSE:FBP)

In the past three months, First BanCorp. insiders have not sold or bought any company stock. Only 2.13% of the stock of First BanCorp. is held by insiders. 85.23% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of First BanCorp. (NYSE:FBP

Earnings for First BanCorp. are expected to grow by 175.68% in the coming year, from $0.37 to $1.02 per share. The P/E ratio of First BanCorp. is 24.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.73. The P/E ratio of First BanCorp. is 24.67, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 21.58. First BanCorp. has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued. First BanCorp. has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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