Media stories about First Bancorp (NYSE:FBP) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Bancorp earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.1735910540715 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several analysts have recently issued reports on FBP shares. ValuEngine lowered shares of First Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. 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 report on Wednesday, May 2nd. Citigroup increased their price target on shares of First Bancorp from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Finally, Merion Capital Group reaffirmed a “neutral” rating on shares of First Bancorp in a research note on Monday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.75.
Shares of First Bancorp opened at $7.90 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 15.80 and a beta of 1.78. First Bancorp has a 12-month low of $4.48 and a 12-month high of $8.32.
First Bancorp (NYSE:FBP) last released its earnings results on Friday, April 27th. The bank reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. First Bancorp had a return on equity of 6.26% and a net margin of 10.74%. The firm had revenue of $147.48 million during the quarter, compared to analysts’ expectations of $139.70 million. During the same period in the previous year, the firm posted $0.11 EPS. research analysts predict that First Bancorp will post 0.57 EPS for the current 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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