First Bancorp (FBP) Trading Down 1.8%
Shares of First Bancorp (NYSE:FBP) were down 1.8% during mid-day trading on Wednesday . The company traded as low as $4.28 and last traded at $4.34, with a volume of 424,184 shares. The stock had previously closed at $4.42.
A number of equities analysts recently commented on FBP shares. Zacks Investment Research raised shares of 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 raised shares of 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 shares of First Bancorp in a research report on Friday, April 8th. They set an “overweight” rating and a $5.00 price target on the stock.
The firm’s 50 day moving average price is $4.29 and its 200-day moving average price is $3.45. The company has a market cap of $994.69 million and a P/E ratio of 13.434.
First Bancorp (NYSE:FBP) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. During the same period last year, the company earned ($0.16) EPS. Analysts anticipate that First Bancorp will post $0.41 earnings per share for the current year.
A hedge fund recently raised its stake in First Bancorp stock. First Trust Advisors LP increased its stake in shares of First Bancorp (NYSE:FBP) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 709,041 shares of the company’s stock after buying an additional 45,173 shares during the period. First Trust Advisors LP owned approximately 0.33% of First Bancorp worth $2,304,000 as of its most recent filing with the SEC.
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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