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 7,363 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 33
3% more funds holding
Funds holding: 264 [Q3] → 271 (+7) [Q4]
2.49% more ownership
Funds ownership: 94.36% [Q3] → 96.85% (+2.49%) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 88
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
10% less capital invested
Capital invested by funds: $3.27B [Q3] → $2.95B (-$323M) [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
15%
upside
Avg. target
$23
32%
upside
High target
$26
49%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 37% 1-year accuracy 7 / 19 met price target | 49%upside $26 | Outperform Maintained | 24 Jan 2025 |
Wells Fargo Timur Braziler 44% 1-year accuracy 14 / 32 met price target | 15%upside $20 | Equal-Weight Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 4 articles about FBP published over the past 30 days
Positive
Zacks Investment Research
2 weeks 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
2 weeks 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
3 weeks 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
3 weeks 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
1 month 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
1 month 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
1 month 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.
Positive
Zacks Investment Research
1 month ago
First Bancorp (FBP) Beats Q4 Earnings and Revenue Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago.
Neutral
Business Wire
1 month ago
First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2024
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, th.
Neutral
Business Wire
1 month ago
First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. “We are pleased to a.
Charts implemented using Lightweight Charts™