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.

More news: Advanced Micro Devices (AMD) Lowered to Buy at Vetr

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".



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