As of Friday close, First BanCorp.’s (NYSE:FBP) stock was down -$0.84, moving down -7.01 percent to $11.15. The average number of shares traded per day over the past five days has been 4,045,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.69 fall in that time frame. In the last twenty days, the average volume was 2,003,460, while in the previous 50 days, it was 1,538,764.
Since last month, FBP stock retreated -22.68%. Shares of the company fell to $11.05 on 03/17/23, the lowest level in the past month. A 52-week high of $16.40 was reached on 02/28/23 after having rallying from a 52-week low of $11.19. Since the beginning of this year, FBP’s stock price has dropped by -12.34% or -$1.57, and marked a new high 11 times. However, the stock has declined by -32.01% since its 52-week high.
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Sponsored
FBP stock investors should be aware that First BanCorp. (FBP) stock had its last reported insider trading activity 3 days ago on Mar 15. Heffern John A., the Director of the company, purchased of 3,000 shares for $11.61 on Mar 15. It resulted in a $34,827 investment by the insider. Dedrick Tracey A added 500 shares at an average price of $12.65 on Mar 10. The insider now owns 25,928 shares following the transaction. On Nov 10, EVP and CRO RIVERA NAYDA sold 20,000 shares at $15.81 apiece. The transaction was valued at $316,238.
Valuation Metrics
Right now, First BanCorp. (FBP) has a P/E ratio of about 7.02. The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 1.54, and the price-to-cash flow ratio of 6.07 may also be considered.
The latest dividend of $0.14 per share was paid out, which is 16.67% more than last year’s $0.12. On Thursday February 9 2023, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.14, and the total debt-to-equity ratio was 0.14. In the year ended December 30, operating margins totaled 89.00%. Based on annual data, FBP earned $795.29 million in gross profit and brought in $862.61 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 41.40%. Return on equity (ROE) for the past 12 months was 20.60%.
In First BanCorp.’s quarter-end financial report for December 30, it reported total debt of $183.76 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First BanCorp. to report $0.4 quarterly earnings, the actual figure was $0.4 per share. The value of shareholders’ equity is $180.59 million.
Technical Picture
This quick technical analysis looks at First BanCorp.’s (FBP) price momentum. With a historical volatility rate of 41.93%, the RSI 9-day stood at 18.00% on 17 March.
With respect to its five-day moving average, the current First BanCorp. price is down by -13.16% percent or -$1.69. At present, FBP shares trade -21.92% below its 20-day simple moving average and -28.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.36% below its SMA50 and -25.32% below its SMA200.
Stochastic coefficient K was 11.69% and Stochastic coefficient D was 13.25%, while ATR was 0.68. Given the Stochastic reading of 2.79% for the 14-day period, the RSI (14) reading has been calculated as 22.97%. As of today, the MACD Oscillator reading stands at -0.80, while the 14-day reading stands at -1.47.
Analyst Ratings
First BanCorp. downgraded its rating on First BanCorp. (NYSE: FBP) to an Equal weight in a note to investors on December 15, 2022. The analysts firm previously had an Overweight rating on the stock.First BanCorp. (FBP) has been rated Buy by analysts. According to 0 brokerage firms, FBP is a sell, and 1 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 4 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $14.00 – $17.00. Based on these forecasts, analysts predict First BanCorp. (FBP) will achieve an average price target of $15.60.