First BanCorp. (NYSE:FBP) finished Friday with a subtraction of -$0.02 to close at $15.24, a downside of -0.13 percent. An average of 727,240 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,204,565 shares traded, while the 50-day average volume stands at 1,309,014.
FBP stock has increased by 15.89% in the last month. The company shares reached their 1-month lowest point of $12.84 on 07/14/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $10.18 and a high of $16.40 in 52 weeks. It has reached a new high 17 times so far this year and achieved 19.81% or $2.52 in price. In spite of this, the price is down -7.07% from the 52-week high.
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Insider Transactions
FBP stock investors should be aware that First BanCorp. (FBP) stock had its last reported insider trading activity 275 days ago on Mar 15. In this transaction, the insider spent $316,238. Director, Frye Daniel Edward, disposed of 3,041 shares at a price of $15.84 on Nov 10. The insider now owns more than $48,169 worth of shares. Prior to that, President and CEO ALEMAN AURELIO went on to Sale 4,751 shares at $15.13 each on Nov 09. An amount of $71,893 was transacted.
Valuation Metrics
First BanCorp. (FBP) has a trailing price-to-earnings (P/E) ratio of 9.67. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.86, the price-to-book (PB) ratio at 1.95, and the price-to-cash flow ratio at 8.18.
Financial Health
Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.13 for the quarter ending June 29. Its gross profit as reported stood at $795.29 million compared to revenue of $862.61 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, First BanCorp.’s return on assets was 1.60%.
Earnings Surprise
For the three-month period that ended June 29, First BanCorp. had $161.7 million in total debt. The analyst consensus anticipated First BanCorp.’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.39, a 11.40% surprise. At the end of the quarter ending June 29, First BanCorp.’s stock balance sheet showed total debt was $735.63 million. Shareholders own equity worth $178.3 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at First BanCorp. (FBP) price momentum. RSI 9-day as of the close on 11 August was 69.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.82%.
As of today, FBP’s price is $15.29 -0.52% or -$0.08 from its 5-day moving average. FBP is currently trading +17.32% higher than its 20-day SMA and +33.33% higher than its 100-day SMA. However, the stock’s current price level is +36.56% above the SMA50 and -4.45% below the SMA200.
The stochastic %K and %D were 84.68% and 86.96%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 85.79% and the average true range at 0.38, the RSI (14) stands at 69.88%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.26.
Analyst Ratings
Wells Fargo downgraded First BanCorp. (NYSE: FBP) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for First BanCorp. (FBP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FBP, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
