First BanCorp. (FBP) Given Coverage Optimism Score of 0.17
News stories about First BanCorp. (NYSE:FBP) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First BanCorp. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.8602183227115 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- First Bancorp (FBP) showed convincing performance of 1.87% — Intermediate upward Trend (wpsuperfanboy.com)
- The Park National Corp OH Decreases Stake in First Financial Bancorp. (FFBC) (naijaoversabi.com)
- Quarterly Earnings Forecast Overview: First Bancorp (FBP) (fishinghd.com)
- First BanCorp. (FBP) Stake Raised by OppenheimerFunds Inc (elcumanes.com)
- First Bancorp (FBP) fell -2.02 percent in the last trading session (topactu.net)
Shares of First BanCorp. (NYSE FBP) opened at 5.86 on Monday. First BanCorp. has a 12 month low of $4.28 and a 12 month high of $7.05. The stock has a 50 day moving average of $5.83 and a 200 day moving average of $5.92. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 12.74 and a beta of 2.01.
First BanCorp. (NYSE:FBP) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $144.45 million during the quarter, compared to the consensus estimate of $145.55 million. First BanCorp. had a net margin of 15.17% and a return on equity of 5.57%. During the same quarter last year, the firm posted $0.10 EPS. On average, equities research analysts expect that First BanCorp. will post $0.46 EPS for the current fiscal year.
A number of research analysts have weighed in on FBP shares. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Monday, June 19th. BidaskClub upgraded shares of First BanCorp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.00.
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About First BanCorp.
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