First Bancorp PR (NYSE: FBP): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services.

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Stocks Info

FBP belongs to the Financial sector of the NYSE while operating in the Banks – Regional industry. The current market capitalization of First Bancorp PR is $2.82B. A total of 0.64 million shares were traded on the day, compared to an average of 1.18M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. First Bancorp PR pays an annual dividend of $0.58, resulting in a dividend yield of 3.44%, and it has a price to earnings (P/E) ratio of 9.84. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $8.85, while its Total Shareholder’s Equity was $2.10B.

Analysts Opinion

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. 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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