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. Yahoo Finance discussed the stock recently as it posted First BanCorp. Increases Quarterly Cash Dividend on Common Stock to $0.16.

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 $16.80 and fluctuated between $16.93 as its day high and $16.56 as its day low. The current market capitalization of First Bancorp PR is $2.81B. A total of 0.74 million shares were traded on the day, compared to an average of 1.29M shares.

Insider Activity

Insider trades can also provide insight into a 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 31 BUYs and 40 SELLs from insiders. Insiders purchased 684,708 shares during that period but sold 247,087.

In the most recent transaction, McDonald Michael sold 57,600 shares of FBP for 17.34 per share on Jan 30. After the transaction, the EVP now owns 98,501 company shares. In a previous transaction on Dec 15, Power Carlos sold 9,433 shares at 16.50 per share. FBP shares that EVP owns now total 246,793.

Among the insiders who sold shares, ALEMAN AURELIO disposed of 50,000 shares on Dec 07 at a per-share price of $15.79. This resulted in the President and CEO holding 1,176,325 shares of FBP after the transaction. In another insider transaction, Kafka Donald sold 65,000 shares at $15.79 per share on Dec 05. Company shares held by the EVP and COO now total 213,486.

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 $0.58, resulting in a dividend yield of 3.45%, and it has a price to earnings (P/E) ratio of 9.82. FBP’s most recent ex-dividend date was 2/22/2024 when it declared a $0.16 quarterly dividend that was paid in cash on 3/8/2024. Previously, the company paid the dividend on 12/8/2023 with an ex-dividend date of 11/22/2023. 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. In terms of 52-week highs and lows, FBP has a high of $17.44 and a low of $10.18.

As of this writing, FBP has an earnings estimate of $0.37 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 $0.35. The company reported an EPS of $0.46 in the last quarter, which was 21.10% higher than expectations of $0.38.

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 $8.85, 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.