First Bancorp (NYSE:FBP)’s share price rose 3.2% during trading on Thursday . The company traded as high as $4.53 and last traded at $4.47, with a volume of 206,639 shares changing hands. The stock had previously closed at $4.33.

FBP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded First Bancorp from a “sell” rating to a “hold” rating and set a $3.25 target price for the company in a report on Wednesday, March 30th. Piper Jaffray Cos. initiated coverage on First Bancorp in a report on Friday, April 8th. They set an “overweight” rating and a $5.00 target price for the company. Finally, TheStreet upgraded First Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. First Bancorp currently has a consensus rating of “Buy” and a consensus price target of $8.40.

The stock’s 50-day moving average is $4.17 and its 200 day moving average is $3.28. The company has a market capitalization of $948.35 million and a price-to-earnings ratio of 49.56.

First Bancorp (NYSE:FBP) last released its earnings results on Monday, April 25th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. During the same period last year, the business earned $0.12 earnings per share. On average, equities analysts expect that First Bancorp will post $0.42 earnings per share for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in FBP. Russell Frank Co raised its position 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. Wells Fargo & Company MN raised its position 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. First Trust Advisors LP raised its position 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. California Public Employees Retirement System raised its position 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. Finally, Dimensional Fund Advisors LP raised its position 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.

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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