First Bancorp (NYSE:FBP) was down 6.3% on Tuesday . The company traded as low as $3.83 and last traded at $3.87, with a volume of 199,989 shares trading hands. The stock had previously closed at $4.13.

A number of equities research analysts recently weighed in on FBP shares. Piper Jaffray Cos. started coverage on First Bancorp in a report on Friday, April 8th. They set an “overweight” rating and a $5.00 price target for the company. Zacks Investment Research cut First Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, TheStreet raised First Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $8.05.

The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $3.25. The company has a market capitalization of $846.29 million and a price-to-earnings ratio of 44.22.

First Bancorp (NYSE:FBP) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities analysts anticipate that First Bancorp will post $0.42 EPS for the current year.

Other large investors recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of First Bancorp by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 784,548 shares of the company’s stock valued at $2,550,000 after buying an additional 33,496 shares during the period. California Public Employees Retirement System boosted its stake in shares of First Bancorp by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 689,700 shares of the company’s stock valued at $2,242,000 after buying an additional 43,400 shares during the period. First Trust Advisors LP boosted its stake in shares of First Bancorp by 6.8% in the fourth quarter. First Trust Advisors LP now owns 709,041 shares of the company’s stock valued at $2,304,000 after buying an additional 45,173 shares during the period. Wells Fargo & Company MN boosted its stake in shares of First Bancorp by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 316,232 shares of the company’s stock valued at $1,028,000 after buying an additional 110,619 shares during the period. Finally, Russell Frank Co boosted its stake in shares of First Bancorp by 226.9% in the fourth quarter. Russell Frank Co now owns 1,645,325 shares of the company’s stock valued at $5,397,000 after buying an additional 1,142,024 shares during the period.

First BanCorp. is a financial holding company. The Company serves as the bank holding company for FirstBank Puerto Rico (FirstBank) and FirstBank Insurance Agency, Inc (FirstBank Insurance Agency). Through its wholly owned subsidiaries, the Company provides financial services and products with operations in Puerto Rico, the United States and the United States Virgin Islands and British Virgin Islands.

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