News articles about First BanCorp (NYSE:FBP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First BanCorp earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.5564700039009 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have issued reports on the stock. Merion Capital Group reaffirmed a “neutral” rating on shares of First BanCorp in a research report on Monday, April 30th. ValuEngine raised shares of First BanCorp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 24th. Citigroup upped their price target on shares of First BanCorp from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research raised shares of First BanCorp from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, May 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $8.00 price target on shares of First BanCorp in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. First BanCorp presently has a consensus rating of “Hold” and a consensus target price of $7.75.
Shares of First BanCorp opened at $7.93 on Wednesday, according to MarketBeat Ratings. The stock has a market capitalization of $1.73 billion, a PE ratio of 15.86 and a beta of 1.77. First BanCorp has a fifty-two week low of $4.48 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00.
First BanCorp (NYSE:FBP) last issued its quarterly earnings data on Friday, April 27th. The bank reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The company had revenue of $147.48 million for the quarter, compared to analyst estimates of $139.70 million. First BanCorp had a net margin of 10.74% and a return on equity of 6.26%. During the same period in the prior year, the firm earned $0.11 earnings per share. equities research analysts anticipate that First BanCorp will post 0.57 EPS for the current fiscal year.
First BanCorp Company Profile
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
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