First Bancorp (FBP) Stock Price Up 6.1%
First Bancorp (NYSE:FBP)’s share price rose 6.1% during trading on Friday . The stock traded as high as $4.70 and last traded at $4.69, with a volume of 241,857 shares. The stock had previously closed at $4.42.
FBP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of First Bancorp from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Tuesday, July 12th. TheStreet upgraded shares of First Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 25th.
The stock has a 50 day moving average price of $4.31 and a 200-day moving average price of $3.46. The firm has a market cap of $976.61 million and a P/E ratio of 13.19.
First Bancorp (NYSE:FBP) last announced its earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. During the same quarter last year, the firm posted ($0.16) EPS. Equities research analysts predict that First Bancorp will post $0.41 earnings per share for the current year.
An institutional investor recently raised its position in First Bancorp stock. California Public Employees Retirement System boosted its position in First Bancorp (NYSE:FBP) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,700 shares of the company’s stock after buying an additional 43,400 shares during the period. California Public Employees Retirement System owned about 0.33% of First Bancorp worth $2,242,000 as of its most recent SEC filing.
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.