First Bancorp (NYSE:FBP)’s share price shot up 5.8% on Friday . The stock traded as high as $4.26 and last traded at $4.23, with a volume of 231,450 shares traded. The stock had previously closed at $4.00.

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

The stock has a market cap of $886.69 million and a price-to-earnings ratio of 46.33. The company has a 50 day moving average price of $4.16 and a 200 day moving average price of $3.26.

First Bancorp (NYSE:FBP) last announced its quarterly earnings data 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 previous year, the firm posted $0.12 earnings per share. Equities analysts forecast that First Bancorp will post $0.42 earnings per share for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in First Bancorp by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,041,116 shares of the company’s stock valued at $16,384,000 after buying an additional 26,087 shares during the last quarter. California Public Employees Retirement System boosted its stake in 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 last quarter. First Trust Advisors LP boosted its stake in 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 last quarter. Wells Fargo & Company MN boosted its stake in 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 last quarter. Finally, Russell Frank Co boosted its stake in 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 last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.