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: 3,113
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 33
3.88% more ownership
Funds ownership: 92.96% [Q3] → 96.84% (+3.88%) [Q4]
3% more funds holding
Funds holding: 264 [Q3] → 272 (+8) [Q4]
1% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 89
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
9% less capital invested
Capital invested by funds: $3.22B [Q3] → $2.95B (-$274M) [Q4]
96% less call options, than puts
Call options by funds: $14K | Put options by funds: $392K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
10%
upside
Avg. target
$23
26%
upside
High target
$26
42%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Timur Braziler 43% 1-year accuracy 16 / 37 met price target | 10%upside $20 | Overweight Upgraded | 9 Apr 2025 |
Keefe, Bruyette & Woods Kelly Motta 28% 1-year accuracy 5 / 18 met price target | 42%upside $26 | Outperform Maintained | 24 Jan 2025 |
Financial journalist opinion
Negative
Zacks Investment Research
2 days ago
Earnings Preview: First Bancorp (FBP) Q1 Earnings Expected to Decline
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 weeks ago
First BanCorp to Announce 1Q 2025 Results on April 24, 2025
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2025, before the market opens on April 24, 2025. First BanCorp will hold a conference call and live webcast to discuss the financial results at 12:00p.m. Eastern time on Thursday, April 24, 2025. The call and webcast will be broadcast live over the internet.
Positive
Market Watch
1 month ago
9 quality bank stocks most likely to rise as much as 45% after recent market declines
Recent action shows investors can never really predict how interest rates will move.
Positive
Zacks Investment Research
1 month ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBP) have what it takes?
Positive
Zacks Investment Research
1 month ago
Is First BanCorp. (FBP) Stock Outpacing Its Finance Peers This Year?
Here is how First Bancorp (FBP) and Colony Bankcorp (CBAN) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
2 months ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Positive
Seeking Alpha
2 months ago
17 Upcoming Dividend Increases, Including 3 Kings
This week's dividend increases feature three Dividend Kings: Archer-Daniels-Midland, Consolidated Edison, and Black Hills Corporation, with streaks of 50, 51, and 55 years, respectively. Consistently rising dividends indicate strong cash flow and financial stability, making such companies attractive long-term investments that often outperform benchmarks. My strategy focuses on stocks with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ.
Neutral
Business Wire
2 months ago
First BanCorp Announces Strategic Reorganization
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today a strategic reorganization aligned with its corporate succession plan aimed at improving operational efficiency, enhancing customer experience, and driving business transformation to align resources for future growth and success. “We are pleased to announce this reorganization, which reflect our commitment to fostering the continued developm.
Neutral
Seeking Alpha
2 months ago
First BanCorp. (FBP) Q4 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q4 2024 Earnings Conference Call January 23, 2025 10:00 AM ET Company Participants Ramon Rodriguez - Investor Relations Officer Aurelio Aleman - President and CEO Orlando Berges - Executive Vice President and CFO Conference Call Participants Frank Schiraldi - Piper Sandler Timur Braziler - Wells Fargo Kelly Motta - KBW Steve Moss - Raymond James Operator Hello, everyone. And thank you for joining the First BanCorp. Fourth Quarter 2024 and Full Year Financial Results.
Positive
Zacks Investment Research
2 months ago
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q4 Earnings
Although the revenue and EPS for First Bancorp (FBP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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