First Bancorp (NYSE:FBP) was up 5.4% on Friday . The company traded as high as $4.72 and last traded at $4.69, with a volume of 281,759 shares trading hands. The stock had previously closed at $4.45.

A number of equities research analysts have weighed in on FBP shares. Zacks Investment Research upgraded First Bancorp from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Tuesday, July 12th. TheStreet upgraded First Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Finally, Piper Jaffray Cos. started coverage on First Bancorp in a research report on Friday, April 8th. They set an “overweight” rating and a $5.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $8.40.

The company has a market cap of $995.13 million and a PE ratio of 52.00. The company has a 50-day moving average of $4.22 and a 200-day moving average of $3.33.

First Bancorp (NYSE:FBP) last issued its quarterly earnings data on Monday, April 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. During the same quarter in the prior year, the company posted $0.12 EPS. Analysts expect that First Bancorp will post $0.42 EPS for the current year.

A number of hedge funds and institutional investors have recently modified their holdings of the company. California Public Employees Retirement System increased its position 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 in the last quarter. First Trust Advisors LP increased its position 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 in the last quarter. Russell Frank Co increased its position 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 in 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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