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After finishing at $20.10 in the prior trading day, First Bancorp PR (NYSE: FBP) closed at $19.97, down -0.65%. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.59 million shares were traded. FBP stock price reached its highest trading level at $20.255 during the session, while it also had its lowest trading level at $19.89.
Ratios:
Our goal is to gain a better understanding of FBP by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.32.
On July 24, 2024, Hovde Group reiterated its Outperform rating and also lowered its target price recommendation from $21 to $25.
On July 09, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $21.Raymond James initiated its Outperform rating on July 09, 2024, with a $21 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 03 ’24 when McDonald Michael sold 1,944 shares for $21.51 per share. The transaction valued at 41,815 led to the insider holds 87,476 shares of the business.
McDonald Michael sold 7,612 shares of FBP for $164,800 on Aug 26 ’24. The EVP now owns 89,420 shares after completing the transaction at $21.65 per share. On Sep 09 ’24, another insider, Frye Daniel Edward, who serves as the Director of the company, bought 7,662 shares for $21.63 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FBP now has a Market Capitalization of 3293691904 and an Enterprise Value of 3327223296. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.95, and their Forward P/E ratio for the next fiscal year is 10.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 3.802.
Stock Price History:
Over the past 52 weeks, FBP has reached a high of $22.12, while it has fallen to a 52-week low of $12.72. The 50-Day Moving Average of the stock is -3.37%, while the 200-Day Moving Average is calculated to be 10.33%.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 1224980 shares per day over the last 10 days, according to various share statistics. A total of 169.30M shares are outstanding, with a floating share count of 159.85M. Insiders hold about 2.45% of the company’s shares, while institutions hold 94.62% stake in the company. Shares short for FBP as of 1726185600 were 2663977 with a Short Ratio of 2.51, compared to 1723680000 on 2095595. Therefore, it implies a Short% of Shares Outstanding of 2663977 and a Short% of Float of 2.3699999.
Dividends & Splits
In the trailing 12 months, FBP’s forward annual dividend rate was 0.6, compared to 0.62 this year. Against a Trailing Annual Dividend Yield of 0.029850747The stock’s 5-year Average Dividend Yield is 2.86.
