Economy

First Bancorp (FBP) Hits New 12-Month High at $6.33

Nippon Life Insurance Company who had been investing in Aon Plc for a number of months, seems to be bullish on the $35.55 billion market cap company. About 69,016 shares traded. Lands' End, Inc. (NASDAQ:LE) has risen 2.84% since March 9, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Invesco Ltd increased its stake in First Bancorp P R (FBP) by 9.99% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Piper Jaffray Companies reiterated a "buy" rating and set a $8.00 price target on shares of First Bancorp in a research report on Monday, January 29th. The hedge fund held 1.20M shares of the hospital and nursing management company at the end of 2017Q3, valued at $19.72M, up from 1.00M at the end of the previous reported quarter. Rock Point Advisors Llc who had been investing in First Bancorp Pr for a number of months, seems to be bullish on the $1.38B market cap company. The stock decreased 0.13% or $0.05 during the last trading session, reaching $38.4. About 3,213 shares traded. It has underperformed by 16.70% the S&P500. Moreover, Banc Funds Ltd Liability has 0.15% invested in First Internet Bancorp (NASDAQ:INBK).

Investors sentiment decreased to 0.99 in Q3 2017. Its up 0.08, from 1.25 in 2017Q2. It increased, as 3 investors sold INBK shares while 12 reduced holdings. 27 funds opened positions while 80 raised stakes. Geode Lc reported 72,857 shares. Trexquant Lp reported 15,407 shares. Moreover, Tudor Et Al has 0.01% invested in First Internet Bancorp (NASDAQ:INBK). Royal Comml Bank Of Canada accumulated 26,323 shares or 0% of the stock. It also reduced its holding in Fulton Finl Corp Pa (NASDAQ:FULT) by 20,969 shares in the quarter, leaving it with 199,486 shares, and cut its stake in Bancorpsouth Inc (NYSE:BXS). Walleye Trading Ltd Com holds 0% or 13,400 shares in its portfolio. Clover Prtn Limited Partnership reported 1.81% stake.

On the other hand the company has Relative Strength Index (RSI 14) of 68.81 along with Average True Range (ATR 14) of 0.2, Consequently First Bancorp (NYSE:FBP)'s weekly and monthly volatility is 3.43%, 3.25% respectively. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.02. Stieven Cap Advsrs LP stated it has 698,400 shares or 4.28% of all its holdings. Manufacturers Life The invested in 0% or 178,345 shares.

According to analysts First Bancorp (NYSE:FBP)'s minimum EPS for the current quarter is at $0.07 and can go high up to $0.1. Riverhead Cap Management Limited holds 0% or 8,282 shares.

TRADEMARK VIOLATION NOTICE: "Brokerages Set First Bancorp (FBP) Price Target at $7.00" was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $41.00 target price on shares of First Bancorp in a research note on Friday, December 22nd. Therefore 75% are positive. First Internet Bancorp had 15 analyst reports since July 27, 2015 according to SRatingsIntel. Bank of America maintained First Bancorp (NYSE:FBP) rating on Wednesday, November 8. The firm has "Buy" rating by Keefe Bruyette & Woods given on Thursday, October 19. Keefe Bruyette & Woods maintained First Internet Bancorp (NASDAQ:INBK) on Thursday, December 21 with "Buy" rating. Keefe Bruyette & Woods maintained the shares of FBP in report on Friday, November 10 with "Buy" rating. The rating was downgraded by FIG Partners to "Market Perform" on Monday, January 22.

Investors sentiment increased to 1.33 in Q3 2017. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.50. It is positive, as 33 investors sold THC shares while 57 reduced holdings. As of February 15th, there was short interest totalling 2,582,410 shares, a drop of 50.9% from the January 31st total of 5,256,761 shares. Weiss Multi has 280,641 shares. Ameritas Investment Prtn invested in 0.03% or 31,287 shares. Alliancebernstein L.P. now owns 233,400 shares of the bank's stock worth $1,351,000 after buying an additional 103,500 shares in the last quarter. Citigroup Inc has invested 0% of its portfolio in First Bancorp (NYSE:FBP). Wexford Ltd Partnership holds 12,178 shares or 0.02% of its portfolio. Lombard Odier Asset Management (Usa) Corporation invested 0.06% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Howe And Rusling accumulated 7,175 shares. Gateway Investment Advisers Limited Liability Corporation stated it has 0% of its portfolio in Ciena Corporation (NYSE:CIEN). New York State Common Retirement Fund invested 0% in Ciena Corporation (NYSE:CIEN). Vanguard Grp owns 17.01 million shares. SG Americas Securities LLC now owns 61,116 shares of the bank's stock valued at $313,000 after purchasing an additional 46,685 shares during the period. Retirement Of Alabama invested 0.08% in Ciena Corporation (NYSE:CIEN). Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Therefore 0 are positive. First Bancorp has an average rating of "Buy" and a consensus target price of $6.80. The company was maintained on Friday, June 3 by Jefferies. The rating was maintained by Cowen & Co with "Buy" on Tuesday, May 30. The firm earned "Neutral" rating on Monday, September 26 by CL King. The company was maintained on Friday, September 2 by Citigroup. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".



Like this

loading...
loading...

Latest


09 March 2018
OLD National Bancorp IN Sells 2971 Shares of NXP Semiconductors NV (NXPI)
It dived, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. Trillium Asset Management Llc decreased Nxp Semiconductors N V ( NXPI ) stake by 38.33% reported in 2017Q3 SEC filing.

09 March 2018
Hard Brexit should hold no 'terrors' for UK: Johnson
He said: "It is crystal clear that the EU's commitment to protecting the interests of the island of Ireland is immovable". He said: "We will be absolutely flush with their legal order but it will then be open to us to change things".

09 March 2018
Amazon.com (NASDAQ:AMZN) Downgraded by Vetr to Hold
The rating was maintained by UBS on Friday, January 29 with "Buy". (NASDAQ: AMZN ) on Friday, October 27 with "Buy" rating. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Sunday, November 19th.

09 March 2018
Asma Rani murder: Prime suspect arrested from Sharjah through Interpol
Third-year student with Kohat medical college, Rani was murdered on January 28 as she returned to her residence from varsity. Interpol's job is to help police in different countries work together to solve crimes that cross borders.

09 March 2018
Nuclear fusion on brink of being realised, say MIT scientists
When hydrogen atoms are squeezed hard enough, they fuse together to make helium, liberating vast amounts of energy in the process. The company has attracted investors, including Italian energy company ENI, to underwrite the SPARC experimental fusion reactor.

09 March 2018
Domino's Pizza Group (DOM) Earns "Sell" Rating from Liberum Capital
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. On Friday, December 15 MARSHALL CHAPMAN PAULA sold $147,679 worth of Helmerich & Payne, Inc. (NYSE:HP) or 2,555 shares.

09 March 2018
University strikes: unions threaten further industrial action to hit exam period
The dispute is over changes to lecturers' pensions, which would see academics £10,000 worse off per year in retirement. Negotiations continue at the Advisory, Conciliation and Arbitration Service.

09 March 2018
National Hockey League announces foray into esports with global tourney
Open to players in the US , the European Union and Canada, the qualifier round will be available for both Xbox One and PlayStation 4 players.

09 March 2018
McLaren BP23 'Hyper-GT' will be the fastest McLaren ever produced
While it will likely be able to hustle itself around a track, that's best left to the track-focused Senna model. However, McLaren bosses are quick to say the BP23 isn't a replacement for the F1, rather a homage to it.

09 March 2018
Reus extends Dortmund contract to 2023
After signing the five-and-a-half year extension, Reus said: "I am happy and proud to be able to announce today that I'll continue to wear the shirt of Borussia".