Piper Jaffray Companies restated their buy rating on shares of First BanCorp. (NYSE:FBP) in a research report report published on Friday. The firm currently has a $7.50 price target on the bank’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of First BanCorp. from a buy rating to a hold rating in a report on Wednesday, September 27th. BidaskClub cut shares of First BanCorp. from a hold rating to a sell rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of First BanCorp. from a hold rating to a buy rating and set a $5.50 price target on the stock in a report on Thursday, October 12th. TheStreet cut shares of First BanCorp. from a b- rating to a c rating in a report on Tuesday, November 7th. Finally, Bank of America Corporation lowered their price target on shares of First BanCorp. from $7.00 to $6.00 and set a neutral rating on the stock in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $6.70.

First BanCorp. (NYSE FBP) opened at $4.70 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. First BanCorp. has a 1-year low of $4.61 and a 1-year high of $7.05. The stock has a market cap of $1,031.16, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.75 and a beta of 1.96.

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Several large investors have recently added to or reduced their stakes in FBP. Amalgamated Bank boosted its holdings in shares of First BanCorp. by 36.3% in the 2nd quarter. Amalgamated Bank now owns 22,481 shares of the bank’s stock valued at $130,000 after buying an additional 5,989 shares in the last quarter. Bank of Montreal Can raised its position in shares of First BanCorp. by 21.5% in the 2nd quarter. Bank of Montreal Can now owns 24,092 shares of the bank’s stock valued at $139,000 after purchasing an additional 4,256 shares during the last quarter. Pacad Investment Ltd. raised its position in shares of First BanCorp. by 63.7% in the 2nd quarter. Pacad Investment Ltd. now owns 25,700 shares of the bank’s stock valued at $149,000 after purchasing an additional 10,000 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of First BanCorp. by 1.4% in the 2nd quarter. LS Investment Advisors LLC now owns 26,044 shares of the bank’s stock valued at $151,000 after purchasing an additional 370 shares during the last quarter. Finally, Profund Advisors LLC raised its position in shares of First BanCorp. by 15.2% in the 2nd quarter. Profund Advisors LLC now owns 30,661 shares of the bank’s stock valued at $178,000 after purchasing an additional 4,052 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.

About First BanCorp.

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