First Bancorp (FBP) Trading Up 6.1%
First Bancorp (NYSE:FBP) shares were up 6.1% 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.
Several research analysts have recently weighed in on FBP shares. Piper Jaffray Cos. started coverage on First Bancorp in a report on Friday, April 8th. They set an “overweight” rating and a $5.00 target price on the stock. Zacks Investment Research cut First Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, TheStreet upgraded First Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 25th.
The company’s 50 day moving average is $4.29 and its 200-day moving average is $3.45. The stock has a market cap of $976.61 million and a PE ratio of 13.19.
First Bancorp (NYSE:FBP) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. During the same quarter in the previous year, the firm earned ($0.16) EPS. On average, equities research analysts forecast 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 boosted its stake in First Bancorp (NYSE:FBP) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 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.
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