Technicals Say First BanCorp. (FBP) Is Worth Holding

As of Friday close, First BanCorp.’s (NYSE:FBP) stock was up $0.12, moving up 0.81 percent to $14.93. The average number of shares traded per day over the past five days has been 1,383,020 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.16 fall in that time frame. In the last twenty days, the average volume was 1,705,485, while in the previous 50 days, it was 1,856,472.

Since last month, FBP stock rose 11.17%. Shares of the company fell to $12.59 on 07/14/22, the lowest level in the past month. A 52-week high of $16.62 was reached on 01/18/22 after having rallying from a 52-week low of $11.66. Since the beginning of this year, FBP’s stock price has risen by 8.35% or $1.15, and marked a new high 9 times. However, the stock has declined by -10.17% since its 52-week high.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


First BanCorp. (FBP) last reported insider trading activity 8 days ago on Jul 29. RIVERA NAYDA, the EVP and CRO of the company, disposed of 10,000 shares for $15.10 on Jul 29. It resulted in a $151,000 divestment by the insider. ALEMAN AURELIO sold 10,000 shares at an average price of $14.93 on Jul 29. The insider now owns 1,107,159 shares following the transaction. On Jul 28, President and CEO ALEMAN AURELIO sold 20,000 shares at $15.00 apiece. The transaction was valued at $300,036.

Valuation Metrics

Right now, First BanCorp. (FBP) has a P/E ratio of about 9.89. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 3.54, the price-to-book (PB) ratio of 1.66, and the price-to-cash flow ratio of 8.88 may also be considered.

The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Wednesday April 27 2022, a $0.02 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.10, and the total debt-to-equity ratio was 0.10. In the year ended June 29, operating margins totaled 98.80%. Based on annual data, FBP earned $729.93 million in gross profit and brought in $794.71 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 28.40%. Return on equity (ROE) for the past 12 months was 13.50%.

In First BanCorp.’s quarter-end financial report for June 29, it reported total debt of $183.76 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected First BanCorp. to report $0.35 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 8.60%. The value of shareholders’ equity is $197.51 million.

Technical Picture

This quick technical analysis looks at First BanCorp.’s (FBP) price momentum. With a historical volatility rate of 25.52%, the RSI 9-day stood at 60.47% on 05 August.

With respect to its five-day moving average, the current First BanCorp. price is down by -1.06% percent or -$0.16. At present, FBP shares trade +9.94% above its 20-day simple moving average and +15.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.35% above its SMA50 and +10.51% above its SMA200.

Stochastic coefficient K was 80.91% and Stochastic coefficient D was 86.77%, while ATR was 0.38. Given the Stochastic reading of 76.99% for the 14-day period, the RSI (14) reading has been calculated as 59.68%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.16.

Analyst Ratings

First BanCorp. (FBP) has been rated Buy by analysts. According to 0 brokerage firms, FBP is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate First BanCorp. stock as buy, with 5 recommending it as overweight.

With a median target price of $17.00, the current consensus forecast for the stock is $16.00 – $19.00. Based on these forecasts, analysts predict First BanCorp. (FBP) will achieve an average price target of $17.20.


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles