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. Recently, Yahoo Finance discussed the stock, revealing that First Bancorp to Announce 4Q 2023 Results on January 24, 2024.
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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 $15.52 and fluctuated between $15.63 as its day high and $15.35 as its day low. The current market capitalization of First Bancorp PR is $2.68B. A total of 0.87 million shares were traded on the day, compared to an average of 1.21M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, FBP has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 3,007 and the disposition of 256 shares. Over the last 12 months, there were 31 BUYs and 40 SELLs from insiders. Insiders purchased 684,708 shares during that period but sold 247,087.
In the most recent transaction, Power Carlos sold 9,433 shares of FBP for 16.50 per share on Dec 15. After the transaction, the EVP now owns 246,793 company shares. In a previous transaction on Dec 07, ALEMAN AURELIO sold 50,000 shares at 15.79 per share. FBP shares that President and CEO owns now total 1,176,325.
Among the insiders who sold shares, Kafka Donald disposed of 65,000 shares on Dec 05 at a per-share price of $15.79. This resulted in the EVP and COO holding 213,486 shares of FBP after the transaction. In another insider transaction, RIVERA NAYDA sold 15,000 shares at $15.76 per share on Dec 05. Company shares held by the EVP and CRO now total 261,910.
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 3.61%, and it has a price to earnings (P/E) ratio of 9.44. 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 $18.00 with high estimates of $20.00 and low estimates of $15.00. In terms of 52-week highs and lows, FBP has a high of $17.15 and a low of $10.18.
As of this writing, FBP has an earnings estimate of $0.36 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 $0.31. 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
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 4.40.
