First BanCorp. (FBP) Upgraded by Zacks Investment Research to Buy

First BanCorp. stock has undergone multiple analysts rating changes in the recent past.  First BanCorp. Upgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of First BanCorp. traded down -$0.21 on Monday, reaching $13.48. 726557 shares of the stock traded hands, compared to its average volume of 1911318. Shares of First BanCorp. were trading at $13.48 on Monday. The firm’s 50 day moving average is $12.73 and its 200 day moving average is $11.73.First BanCorp. has a 12 month low of $13.48 and a 12 month high of $13.93. While on yearly highs and lows, First BanCorp.’s today has traded high as $13.86 and has touched $13.48 on the downward trend. See More Analyst Rating at: RATING

First BanCorp. Earnings and What to expect: 

First BanCorp. last released its quarterly earnings results on July 22nd, 2021. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. The company earned $214.67 million during the quarter, compared to the consensus estimate of $204.66 million. First BanCorp. has generated $0.44 earnings per share over the last year ($0.97 diluted earnings per share) and currently has a price-to-earnings ratio of 13.9. Earnings for First BanCorp. are expected to grow by 5.38% in the coming year, from $1.30 to $1.37 per share. First BanCorp. has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, October 29th, 2021 based off prior year’s report dates.

Earnings for First BanCorp. are expected to grow by 5.38% in the coming year, from $1.30 to $1.37 per share. The P/E ratio of First BanCorp. is 13.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of First BanCorp. is 13.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.49. First BanCorp. has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

First BanCorp. (FBP) Moving Average Technical Analysis

5 day Moving Average is $13.62 And 5 day price change is -$0.18 (-1.32%)  with average volume for 5 day average is 1,283,500. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.93 and 20 day price change is $0.92 (7.32%) and average 20 day moving volume is 2,128,635. 50 day moving average is $12.73  and 50 day price change is $1.35 ( 11.13%)  and with average volume for 50 days is : 1,686,752. 200 day moving average is $11.73  and 200 day price change is $4.28 (46.52%)  and with average volume for 200 days is : 1,879,199.

Other owners latest trading in First BanCorp. :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 152,086 which equates to market value of $2M and appx 0.00% owners of First BanCorp.
  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 549,584 which equates to market value of $6.55M and appx 0.00% owners of First BanCorp.
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 1,205,285 which equates to market value of $14.37M and appx 0.00% owners of First BanCorp.
  • In total Institutional ownership equates to Institutional Ownership Percentage: 92.25% for First BanCorp.

See More Analyst Rating at: RATING