First Bancorp PR [FBP] stock is trading at $21.15, down -0.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The FBP shares have gain 3.32% over the last week, with a monthly amount drifted -1.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Hovde Group reaffirmed its Outperform rating on July 24, 2024, and elevated its price target to $25. On July 09, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $21 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $14 on December 15, 2022. Hovde Group started tracking with a Outperform rating for this stock on December 20, 2021, and assigned it a price target of $17. In a note dated November 09, 2021, Wells Fargo initiated an Overweight rating and provided a target price of $16 on this stock.
First Bancorp PR [FBP] stock has fluctuated between $12.72 and $22.12 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 $21.15 at the most recent close of the market. An investor can expect a potential drop of -33.81% based on the average FBP price forecast.
Analyzing the FBP fundamentals
First Bancorp PR [NYSE:FBP] reported sales of 1.20B for the trailing twelve months, which represents a growth of 7.76%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.49%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.22 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 20.98 points at the first support level, and at 20.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.29, and for the 2nd resistance point, it is at 21.43.
Ratios To Look Out For
For context, First Bancorp PR’s Current Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 11.60.
Transactions by insiders
Recent insider trading involved Frye Daniel Edward, Director, that happened on Sep 09 ’24 when 7662.0 shares were purchased. EVP, McDonald Michael completed a deal on Aug 16 ’24 to sell 9048.0 shares. Meanwhile, EVP McDonald Michael sold 3201.0 shares on Aug 15 ’24.
