First Bancorp (FBP) Sees Strong Trading Volume
First Bancorp (NYSE:FBP) saw an uptick in trading volume on Wednesday . 1,111,871 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 459,109 shares.The stock last traded at $4.42 and had previously closed at $4.53.
Several brokerages have recently issued reports on FBP. TheStreet upgraded First Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
The firm has a market capitalization of $931.92 million and a PE ratio of 12.59. The firm has a 50 day moving average of $4.34 and a 200-day moving average of $3.51.
First Bancorp (NYSE:FBP) last posted its earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. During the same period in the prior year, the business earned ($0.16) EPS. On average, equities analysts forecast that First Bancorp will post $0.41 EPS for the current year.
An institutional investor recently raised its position in First Bancorp stock. California Public Employees Retirement System raised its position in First Bancorp (NYSE:FBP) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.
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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