First Bancorp PR [FBP] stock is trading at $17.06, up 3.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FBP shares have gain 1.61% over the last week, with a monthly amount glided 2.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Bancorp PR [NYSE: FBP] stock has seen the most recent analyst activity on December 15, 2022, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $14 from $17. On December 20, 2021, Hovde Group initiated with a Outperform rating and assigned a price target of $17 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $16 on November 09, 2021. Citigroup downgraded its rating to a Neutral. BofA/Merrill upgraded its rating to Buy for this stock on September 20, 2018. In a note dated December 21, 2017, Citigroup upgraded an Buy rating on this stock.
First Bancorp PR [FBP] stock has fluctuated between $10.18 and $17.70 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. First Bancorp PR [NYSE: FBP] shares were valued at $17.06 at the most recent close of the market. An investor can expect a potential drop of -17.94% based on the average FBP price forecast.
Analyzing the FBP fundamentals
First Bancorp PR [NYSE:FBP] reported sales of 1.15B for the trailing twelve months, which represents a growth of 3.25%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.22 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.56 points at the first support level, and at 16.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.41, and for the 2nd resistance point, it is at 17.77.
First Bancorp PR [FBP] reported earnings per share of $0.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.13 and a surprise factor of 36.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.46 per share as compared to estimates of $0.38 per share, a difference of $0.08 representing a surprise of 21.10%.
Ratios To Look Out For
For context, First Bancorp PR’s Current Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 9.97.
Transactions by insiders
Recent insider trading involved LUZ CRESPO, Director, that happened on Mar 15 ’24 when 10000.0 shares were sold. President and CEO, ALEMAN AURELIO completed a deal on Mar 05 ’24 to sell 50000.0 shares. Meanwhile, EVP and CRO RIVERA NAYDA sold 15000.0 shares on Mar 05 ’24.
