Economy

First BanCorp. (NYSE:FBP) reported Sales of 580.1 Million

Additionally on 4/08/16 PiperJaffray "Initiates Coverage on" First Bancorp (NYSE:FBP) to Overweight and on 10/14/15 Keefe Bruyette & Woods "Maintained" the stock to Outperform at $6.5. It now has negative earnings.

Analysts expect First Bancorp (FBP) to generate earnings per share of $0.47 in 2017. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded - as current ratio and on the opponent side the debt to equity ratio was 0.12 and long-term debt to equity ratio also remained 0.12. Insider ownership during the a year ago has decreased by a net of 108.52 million shares.

Press coverage about First BanCorp.

Point72 Asset Mgmt Lp owns 1.91M shares or 0.06% of their USA portfolio.

The Relative Volume of the company is 1.76 and Average Volume (3 months) is 1.36 million.

Over the past year, the price of First Bancorp (FBP) has increased 12.94% while the S&P 500 has increased 16.26%. It has outperformed by 16.14% the S&P500.

Ratings analysis reveals 60% of First Bancorp's analysts are positive.

The analysts offering 12 month price targets for First Bancorp have a median target of $7.25, with a high estimate of $9 and a low estimate of $6.75. The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. Currently, the stock has a 1 Year Price Target of $7.46. FBP was included in 5 notes of analysts from July 27, 2015. The firm earned "Buy" rating on Thursday, October 13 by Stifel Nicolaus. The rating was downgraded by Northland Capital on Wednesday, September 7 to "Market Perform". The company was initiated on Friday, April 8 by Piper Jaffray. FBP's 9-day MACD now sits above the 20-day MACD, indicating that FBP's downside momentum has increased during the last three weeks.

First Bancorp (FBP) recently closed with fall of -1.58% to its 20-Day Simple Moving Average. About 463,010 shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 24, 2016 and is uptrending. Shares of FBP moved downward with change of -3.37% to its 50-day Moving average. However a year ago for the same quarter the company has reported $0.59 EPS. IPHI's profit will be $3.38 million for 118.34 P/E if the $0.08 EPS becomes a reality. The consensus mean EPS for the current quarter is at $0.12 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. D E Shaw holds 2.19 million shares or 0.02% of its portfolio. The company has market cap of $1.19 billion. The Kansas-based Mitchell Capital Management Co has invested 1.64% in the stock. Ranger Investment Management L.P., a Texas-based fund reported 531,750 shares.

Currently First Bancorp (NYSE:FBP)'s shares owned by insiders are 2%, whereas shares owned by institutional owners are 92.9%. The insider Berges Gonzalez Orlando sold 50,000 shares worth $300,905. Profund Advisors LLC now owns 26,609 shares of the bank's stock valued at $150,000 after purchasing an additional 436 shares during the period. It also reduced Boulder Growth & Income Fund Inc (BIF) stake by 201,936 shares and now owns 1.49 million shares. The Gabelli Dividend & Income Trust (NYSE:GDV) was reduced too.

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