First Bancorp PR [FBP] stock prices are down -0.62% to $19.28 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FBP shares have lost -0.21% over the last week, with a monthly amount drifted -3.46%, and not 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 October 25, 2024, when Hovde Group reiterated its Outperform rating and also revised its price target to $24 from $25. On July 24, 2024, Hovde Group reiterated its Outperform rating and revised its price target to $25 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $21 on July 09, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $14 on December 15, 2022. In a note dated December 20, 2021, Hovde Group initiated an Outperform rating and provided a target price of $17 on this stock.
The stock price of First Bancorp PR [FBP] has been fluctuating between $13.18 and $22.12 over the past year. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. First Bancorp PR [NYSE: FBP] shares were valued at $19.28 at the most recent close of the market. An investor can expect a potential drop of -9.23% based on the average FBP price forecast.
Analyzing the FBP fundamentals
The First Bancorp PR [NYSE:FBP] reported sales of 1.22B for trailing twelve months, representing a surge of 4.67%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.58%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.2 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 19.18 points at the first support level, and at 19.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.46, and for the 2nd resistance point, it is at 19.65.
Ratios To Look Out For
It’s worth pointing out that First Bancorp PR [NYSE:FBP]’s Current Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 10.65.
Transactions by insiders
Recent insider trading involved McDonald Michael, EVP, that happened on Sep 03 ’24 when 1944.0 shares were sold. EVP, McDonald Michael completed a deal on Aug 26 ’24 to sell 7612.0 shares. Meanwhile, Director Frye Daniel Edward bought 7662.0 shares on Sep 09 ’24.
