First BanCorp. (NYSE:FBP) saw a downside of -0.85% to $13.41 after subtracting -$0.12 on Wednesday. The 5-day average trading volume is 858,035 shares of the company’s common stock. It has gained $13.93 in the past week. An average of 1,958,569 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,643,401.
FBP’s 1-month performance is 7.72% or $0.76 on its low of $11.66 reached on 09/20/21. The company’s shares have touched a 52-week low of $5.85 and high of $13.93, with the stock’s rally to the 52-week high happening on 10/07/21. YTD, FBP has achieved 46.75% or $4.10. However, the current price is down -3.70%% from the 52-week high price.
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On Jun 08, 127 days have gone by since the last insider trading activity for First BanCorp. (FBP). ALEMAN AURELIO (President and CEO) most recently sold 40,000 shares at $12.99 per share on Jun 08. This transaction cost the insider $519,620. EVP and CFO, Berges Gonzalez Orlando, sold 20,000 shares at a price of $13.02 on May 14. Then, on May 12, President and CEO ALEMAN AURELIO sold 10,000 shares at a price of $12.85 per share. This transaction amounted to $128,500.
The company’s PE ratio for the last five years has touched a high of 26.57 and a low of 4.908. FBP stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.67 while the price-to-book (PB) in the most recent quarter is 1.33, with the price to cash flow ratio at 8.50.
First BanCorp. pays an annual dividend of $0.28 per share. Its dividend yield is 2.09% and the payout ratio is 24.90%. FBP’s most recent quarterly dividend payment was made on Sep. 10, when it paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.02 reported on Thursday January 28 2021.
It is projected that First BanCorp.’s next ex-dividend date will be on Bancorp. FBP is expected to distribute $26-Nov as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.08 while for the period ending June 29; First BanCorp.’s operating margin was 88.10%. The firm’s gross profit as reported stood at $600.32 million against revenue of $692.98 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FBP to announce $0.26 per share in earnings in its latest quarter, but it posted $0.36, representing a 38.50% surprise. FBP stock balance sheet for the quarter ending June 29 shows that, with total debt at $905.66 million. Shareholders hold equity totaling $208.5 million
Let’s look briefly at First BanCorp. (FBP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 52.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.41%.
The stock’s 5-day moving average is $13.53, reflecting a -2.49% or -$0.34 change from its current price. FBP is currently trading +10.08% above its 20-day SMA, +3.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.82% and +43.84% respectively.
Stochastic %K and %D was 68.49% and 77.22% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 56.15%, while the 14-day stochastic is at 55.47% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.13 and 0.01 on the 14-day charts.
In the most recent analyst report for First BanCorp. (NYSE: FBP), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for FBP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate FBP as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is FBP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $16.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for First BanCorp. (FBP) stock is $16.00.