As of Wednesday close, First BanCorp.’s (NYSE:FBP) stock was down -$0.27, moving down -1.85 percent to $14.32. The average number of shares traded per day over the past five days has been 877,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 1,161,010, while in the previous 50 days, it was 1,280,946.
Since last month, FBP stock rose 5.06%. Shares of the company fell to $12.98 on 07/17/23, the lowest level in the past month. A 52-week high of $16.40 was reached on 08/07/23 after having rallying from a 52-week low of $10.18. Since the beginning of this year, FBP’s stock price has risen by 12.58% or $1.60, and marked a new high 17 times. However, the stock has declined by -12.68% since its 52-week high.
FBP stock investors should be aware that First BanCorp. (FBP) stock had its last reported insider trading activity 155 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 9.09. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 1.84, and the price-to-cash flow ratio of 6.14 may also be considered.
The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.13, and the total debt-to-equity ratio was 0.13. In the year ended June 29, operating margins totaled 80.70%. 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 22.00%.
In First BanCorp.’s quarter-end financial report for June 29, it reported total debt of $161.7 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 $0.35 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 11.40%. The value of shareholders’ equity is $178.3 million.
Technical Picture
This quick technical analysis looks at First BanCorp.’s (FBP) price momentum. With a historical volatility rate of 19.00%, the RSI 9-day stood at 38.08% on 16 August.
With respect to its five-day moving average, the current First BanCorp. price is down by -5.54% percent or -$0.84. At present, FBP shares trade +3.54% above its 20-day simple moving average and +31.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.34% above its SMA50 and -6.16% below its SMA200.
Stochastic coefficient K was 42.51% and Stochastic coefficient D was 64.99%, while ATR was 0.36. Given the Stochastic reading of 3.29% for the 14-day period, the RSI (14) reading has been calculated as 48.99%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at -0.41.
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 $17.00, the current consensus forecast for the stock is $12.50 – $18.00. Based on these forecasts, analysts predict First BanCorp. (FBP) will achieve an average price target of $16.20.
