Make Sure You Stick With First Bancorp PR (FBP). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services.

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Stocks Info

First Bancorp PR is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $17.35 and fluctuated between $17.48 as its day high and $17.20 as its day low. The current market capitalization of First Bancorp PR is $2.90B. A total of 1.29 million shares were traded on the day, compared to an average of 1.19M shares.

In the most recent transaction, LUZ CRESPO sold 10,000 shares of FBP for 16.47 per share on Mar 15 ’24. After the transaction, the Director now owns 50,055 company shares. In a previous transaction on Mar 05 ’24, ALEMAN AURELIO sold 50,000 shares at 17.17 per share. FBP shares that President and CEO owns now total 1,126,325.

Among the insiders who sold shares, RIVERA NAYDA disposed of 15,000 shares on Mar 05 ’24 at a per-share price of $17.12. This resulted in the EVP and CRO holding 246,930 shares of FBP after the transaction. In another insider transaction, McDonald Michael sold 57,600 shares at $17.34 per share on Jan 30 ’24. Company shares held by the EVP now total 98,501.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. First Bancorp PR pays an annual dividend of $0.58, resulting in a dividend yield of 3.34%, and it has a price to earnings (P/E) ratio of 10.14. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, FBP has a high of $17.70 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $8.85, while its Total Shareholder’s Equity was $2.10B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.

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