Is First Bancorp PR (NYSE: FBP) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for First Bancorp PR (FBP) shows that investor sentiment remained same, with the stock’s consolidated last price to $15.17. The First Bancorp PR has recorded 73,050 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted First BanCorp Declares Quarterly Cash Dividend on Common Stock.

Stocks Info

This NYSE-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $15.17 and fluctuated between $15.27 as its day high and $14.98 as its day low. The current market capitalization of First Bancorp PR is $2.62B. A total of 1.33 million shares were traded on the day, compared to an average of 1.14M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FBP has seen 7 BUY and 6 SELL insider trades, representing the acquisition of 25,291 and the disposition of 1,034 shares. Over the last 12 months, there were 32 BUYs and 41 SELLs from insiders. Insiders purchased 684,858 shares during that period but sold 257,087.

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.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. First Bancorp PR pays an annual dividend of $0.56, resulting in a dividend yield of 3.69%, and it has a price to earnings (P/E) ratio of 9.23. FBP’s most recent ex-dividend date was 11/22/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 12/8/2023. Previously, the company paid the dividend on 9/8/2023 with an ex-dividend date of 8/23/2023. The FBP stock dividend was $0.14 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FBP in the last 3 months, the mean price target is $16.30 with high estimates of $18.00 and low estimates of $13.00. In terms of 52-week highs and lows, FBP has a high of $15.59 and a low of $10.18.

As of this writing, FBP has an earnings estimate of $Tidal Trust II per share for the current quarter. EPS was calculated based on a consensus of BP p.l.c. estimates, with a high estimate of $Fresh Del Monte Produce, Inc. per share and a lower estimate of $Installed Building Products, In.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $7.47, 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.