After Hours
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. After-hours trades for First BanCorp. (FBP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -1.67%, to $14.17. The First BanCorp. has recorded 65,651 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that First BanCorp. Announces Earnings for the Quarter Ended June 30, 2023.
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Stocks Info
As a NYSE listed company, FBP falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $14.41 and fluctuated between $14.42 as its day high and $14.04 as its day low. The current market capitalization of First BanCorp. is $2.47B. A total of 0.93 million shares were traded on the day, compared to an average of 1.25M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FBP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 45 SELLs from insiders. Insiders purchased 684,188 shares during that period but sold 325,106.
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.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. First BanCorp. pays an annual dividend of $0.56, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 9.14. FBP’s most recent ex-dividend date was 8/23/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 9/8/2023. Previously, the company paid the dividend on 6/9/2023 with an ex-dividend date of 5/23/2023. The FBP stock dividend was $0.14 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FBP in the last 3 months, the mean price target is $16.20 with high estimates of $18.00 and low estimates of $12.50. In terms of 52-week highs and lows, FBP has a high of $16.23 and a low of $10.18.
As of this writing, FBP has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.36. The company reported an EPS of $0.39 in the last quarter, which was 11.40% higher than expectations of $0.35.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $7.81, while its Total Shareholder’s Equity was $2.10B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 4.33.
