Economy

Hennessy Advisors Inc. Sells 75000 Shares of First BanCorp. (FBP)

In the latest earnings report the EPS was $0.46 and is projected to be $0.47 for the current year with 214,129,000 shares presently outstanding. In contrast to the year ago quarter EPS was at 0.11. After having $0.13 EPS previously, First Bancorp's analysts see -7.69% EPS growth.

New shares had a trading volume of 1,913K on Tuesday. The original version of this report can be accessed at https://stocknewstimes.com/2017/09/16/hennessy-advisors-inc-decreases-holdings-in-first-bancorp-fbp.html. It has outperformed by 16.14% the S&P500.

Among 9 analysts covering Greenhill (NYSE:GHL), 1 have Buy rating, 5 Sell and 3 Hold. Control4 had 14 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, June 12, the company rating was maintained by Cowen & Co. The consensus analyst target price is $7.46. The rating was maintained by Morgan Stanley with "Equal-Weight" on Tuesday, July 25. Amp Cap Investors Limited, a Australia-based fund reported 9,893 shares. Barclays Capital maintained General Electric Company (NYSE:GE) on Monday, October 5 with "Overweight" rating. (NYSE:GHL) on Wednesday, December 14 with "Underperform" rating. (NYSE:FBP) last announced its quarterly earnings data on Friday, July 28th. BlackRock Inc. now owns 17,612,789 shares of the bank's stock valued at $99,514,000 after purchasing an additional 17,585,824 shares during the period. The rating was downgraded by Needham to "Hold" on Friday, October 30.

Ironwood Investment Management Llc decreased its stake in First Bancorp (Puerto Rico) (FBP) by 49.5% based on its latest 2016Q4 regulatory filing with the SEC.

The market capitalization of First Bancorp is at $1.19 Billion. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). The Company provides a range of financial services for retail, commercial and institutional clients. If the published price targets set by First Bancorp analysts have any power to influence the stock's share price, the highest price target set for FBP is $9. The rating was initiated by Piper Jaffray on Friday, April 8 with "Overweight". On Wednesday, October 14 the stock rating was maintained by Keefe Bruyette & Woods with "Outperform". The firm has "Neutral" rating given on Wednesday, February 8 by Citigroup. The rating was upgraded by Guggenheim to "Buy" on Monday, July 27.

Investors sentiment increased to 1.98 in Q4 2016. The 50 day moving average went up $0.06 or +1.14% and the 200 day average was up $0.02. It turned negative, as 16 investors sold First Bancorp shares while 39 reduced holdings. 35 funds opened positions while 69 raised stakes. Currently, 517.79 million total shares are owned by the public and among those 510.84 million shares have been available to trade. Goldman Sachs downgraded Greenhill & Co., Inc. State Board Of Administration Of Florida Retirement Sys stated it has 11,455 shares. Glg Llc reported 0.03% of its portfolio in First Bancorp (NYSE:FBP). Airain Limited has 59,544 shares for 0.03% of their portfolio. Aperio Group Inc Limited Com reported 0% of its portfolio in Mercadolibre Inc (NASDAQ:MELI). As of quarter end Pacad Investment Ltd. had bought a total of 10,000 shares growing its holdings by 63.7%. Convergence Investment Prtn Ltd Com invested in 0.3% or 334,016 shares. Hennessy Advisors Inc. owned about 0.42% of First BanCorp. worth $5,298,000 as of its most recent filing with the Securities and Exchange Commission. Amp Invsts Ltd invested in 48,361 shares or 0% of the stock.

First BanCorp. (FBP) now the company's industry has 12.62 P/E and the sector P/E is 16.21. Mason Street Advisors Ltd Liability accumulated 0.01% or 29,457 shares. Moreover, Trexquant Limited Partnership has 0.07% invested in First Bancorp (NYSE:FBP). Texas-based Capstone Asset Management has invested 0.01% in First Bancorp (NYSE:FBP). Another trade for 26,081 shares valued at $157,790 was made by RIVERA NAYDA on Tuesday, May 2. 50,000 shares valued at $300,905 were sold by Berges Gonzalez Orlando on Monday, May 1. Odell Lawrence sold $152,500 worth of stock. The Company's Control4 solution integrates various third-party devices and systems into a unified solution for mainstream consumers.

Since May 15, 2017, it had 3 buys, and 0 insider sales for $3.37 million activity. The insider Dungan Jefferson sold $27,261. Lee Thomas H Partners Lp sold 10.34 million shares as the company's stock declined 17.25% while stock markets rallied. The stock increased 0.70% or $0.04 on September 15, reaching $5.73. About 66.56M shares traded or 79.21% up from the average. It has outperformed by 122.81% the S&P500.



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