First Bancorp
About: First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment generates majority revenue, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
Employees: 3,168
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
3% more capital invested
Capital invested by funds: $2.73B [Q1] → $2.82B (+$88.4M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
0% less funds holding
Funds holding: 238 [Q1] → 237 (-1) [Q2]
0.48% less ownership
Funds ownership: 93.17% [Q1] → 92.69% (-0.48%) [Q2]
3% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 33
6% less call options, than puts
Call options by funds: $815K | Put options by funds: $867K
21% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 96
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Timur Braziler 73% 1-year accuracy 11 / 15 met price target | 5%upside $22 | Equal-Weight Maintained | 1 Oct 2024 |
Piper Sandler Frank Schiraldi 82% 1-year accuracy 18 / 22 met price target | 5%upside $22 | Neutral Assumed | 26 Aug 2024 |
Wells Fargo Timur Braziler 73% 1-year accuracy 11 / 15 met price target | 4%downside $20 | Equal-Weight Maintained | 24 Jul 2024 |