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Saturday, June 3, 2023

Investing In First BanCorp. (NYSE: FBP): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for First BanCorp. (FBP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.52, or -4.48%, to $11.08. The First BanCorp. has recorded 36,109 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed First Bancorp Declares Quarterly Cash Dividend on Common Stock.

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Stocks Info

The company is listed on the NYSE and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $11.60 and fluctuated between $11.78 as its day high and $11.40 as its day low. The current market capitalization of First BanCorp. is $2.07B. A total of 1.91 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FBP has seen 23 BUY and 21 SELL insider trades, representing the acquisition of 655,915 and the disposition of 224,065 shares. Over the last 12 months, there were 33 BUYs and 41 SELLs from insiders. Insiders purchased 680,838 shares during that period but sold 573,118.

In the most recent transaction, Heffern John A. bought 3,000 shares of FBP for 11.61 per share on Mar 15. After the transaction, the Director now owns 84,895 company shares. In a previous transaction on Mar 10, Dedrick Tracey A bought 500 shares at 12.65 per share. FBP shares that Director owns now total 25,928.

Among the insiders who sold shares, RIVERA NAYDA disposed of 20,000 shares on Nov 10 at a per-share price of $15.81. This resulted in the EVP and CRO holding 231,948 shares of FBP after the transaction. In another insider transaction, Frye Daniel Edward sold 3,041 shares at $15.84 per share on Nov 10. Company shares held by the Director now total 20,741.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. First BanCorp. pays an annual dividend of $0.56, resulting in a dividend yield of 4.83%, and it has a price to earnings (P/E) ratio of 7.41. FBP’s most recent ex-dividend date was 5/23/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 6/9/2023. Previously, the company paid the dividend on 3/10/2023 with an ex-dividend date of 2/23/2023. The FBP stock dividend was $0.14 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FBP in the last 3 months, the mean price target is $14.20 with high estimates of $16.00 and low estimates of $12.50. In terms of 52-week highs and lows, FBP has a high of $16.40 and a low of $10.69.

As of this writing, FBP has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.34.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $7.22, while its Total Shareholder’s Equity was $2.10B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FBP is Overweight with a score of 4.33. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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