Wall Street brokerages predict that First BanCorp. (NYSE:FBP) will announce earnings of $0.06 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for First BanCorp.’s earnings, with estimates ranging from $0.05 to $0.06. First BanCorp. posted earnings of $0.11 per share in the same quarter last year, which would suggest a negative year over year growth rate of 45.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that First BanCorp. will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.24 to $0.25. For the next financial year, analysts anticipate that the business will post earnings of $0.40 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover First BanCorp..

Several equities analysts have recently commented on FBP shares. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Thursday, October 12th. BidaskClub downgraded shares of First BanCorp. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. ValuEngine upgraded shares of First BanCorp. from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. TheStreet cut shares of First BanCorp. from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Finally, Bank of America Corporation reduced their price target on shares of First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in First BanCorp. by 9.8% in the second quarter. BlackRock Inc. now owns 19,334,736 shares of the bank’s stock worth $111,947,000 after purchasing an additional 1,721,947 shares during the last quarter. Vanguard Group Inc. increased its position in First BanCorp. by 7.0% in the second quarter. Vanguard Group Inc. now owns 15,613,136 shares of the bank’s stock worth $90,400,000 after purchasing an additional 1,027,469 shares during the last quarter. Dimensional Fund Advisors LP increased its position in First BanCorp. by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 11,713,522 shares of the bank’s stock worth $59,974,000 after purchasing an additional 860,841 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in First BanCorp. by 11.4% in the third quarter. Frontier Capital Management Co. LLC now owns 10,598,957 shares of the bank’s stock worth $54,267,000 after purchasing an additional 1,083,233 shares during the last quarter. Finally, FMR LLC increased its position in First BanCorp. by 10.0% in the second quarter. FMR LLC now owns 7,918,617 shares of the bank’s stock worth $45,849,000 after purchasing an additional 718,217 shares during the last quarter. Institutional investors own 89.20% of the company’s stock.

First BanCorp. (NYSE:FBP) traded down $0.07 during mid-day trading on Friday, hitting $4.93. 549,096 shares of the stock traded hands, compared to its average volume of 1,578,149. First BanCorp. has a 1 year low of $4.48 and a 1 year high of $7.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1,080.88, a P/E ratio of 10.42, a PEG ratio of 2.69 and a beta of 1.96.

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