First BanCorp. (NYSE:FBP) EVP Michael Mcdonald Sells 34,122 Shares of Stock

First BanCorp. (NYSE:FBP) EVP Michael Mcdonald sold 34,122 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $22.11, for a total transaction of $754,437.42. Following the transaction, the executive vice president directly owned 62,937 shares in the company, valued at approximately $1,391,537.07. The trade was a 35.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First BanCorp. Trading Up 1.1%

Shares of FBP opened at $22.13 on Friday. First BanCorp. has a 12-month low of $16.40 and a 12-month high of $22.60. The firm has a market capitalization of $3.49 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.22 and a beta of 0.88. The firm has a 50-day moving average price of $20.96 and a 200 day moving average price of $21.11. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15.

First BanCorp. (NYSE:FBP) last posted its earnings results on Tuesday, January 27th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. First BanCorp. had a net margin of 27.48% and a return on equity of 17.33%. The company had revenue of $257.17 million for the quarter, compared to analyst estimates of $256.18 million. During the same period in the previous year, the business posted $0.46 EPS. Sell-side analysts forecast that First BanCorp. will post 1.85 EPS for the current year.

First BanCorp. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Thursday, February 26th will be given a $0.20 dividend. The ex-dividend date is Thursday, February 26th. This is a positive change from First BanCorp.’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 3.6%. First BanCorp.’s dividend payout ratio (DPR) is currently 33.49%.

Hedge Funds Weigh In On First BanCorp.

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in shares of First BanCorp. in the second quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in shares of First BanCorp. by 151.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,873 shares of the bank’s stock worth $39,000 after buying an additional 1,129 shares in the last quarter. First Horizon Corp purchased a new stake in shares of First BanCorp. during the fourth quarter worth approximately $40,000. Hantz Financial Services Inc. lifted its stake in First BanCorp. by 1,695.8% in the third quarter. Hantz Financial Services Inc. now owns 2,155 shares of the bank’s stock worth $48,000 after acquiring an additional 2,035 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in First BanCorp. by 328.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the bank’s stock worth $57,000 after acquiring an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

More First BanCorp. News

Here are the key news stories impacting First BanCorp. this week:

• Positive Sentiment: Q4 beat and strong metrics — FBP reported Q4 EPS of $0.55 (vs. $0.52 est.) and revenue modestly above expectations; management highlighted healthy margins and ROE, which supports the rally. FBP Exceeds Q4 CY2025 Expectations
• Positive Sentiment: Shareholder-friendly capital actions — coverage notes a dividend increase and share buybacks after record results, improving yield and total-return prospects for investors. A Look At First BanCorp Valuation After Record Results Dividend Hike And Share Buybacks
• Positive Sentiment: Analyst price-target increases — several firms raised targets (Truist to $25 with a Buy; Hovde to $26 Outperform; Keefe, Bruyette & Woods to $24.50 Market Perform), signaling visible upside from current levels and supporting buying interest. Truist price target raise to $25
• Neutral Sentiment: Guidance and strategy — management outlined a 3–5% organic loan growth target and a “100% earnings return” strategy (capital returned to shareholders). Positive for yield but execution and macro sensitivity create uncertainty. First BanCorp outlines growth and earnings-return strategy
• Neutral Sentiment: Call/transcript coverage — earnings call highlights and analyst discussion provide detail on deposit trends, credit quality and capital deployment; useful for investors but not an immediate catalyst beyond the quarter. Q4 2025 earnings call transcript
• Negative Sentiment: Insider selling — EVP Michael McDonald sold 34,122 shares (~35% reduction of his position) at an average $22.11. While insider sales can be routine, the size of the reduction may raise short-term investor caution. SEC filing for insider sale

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FBP. Truist Financial upped their price target on First BanCorp. from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler initiated coverage on shares of First BanCorp. in a report on Thursday, January 15th. They issued a “neutral” rating and a $23.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on shares of First BanCorp. from $24.00 to $24.50 and gave the stock a “market perform” rating in a research note on Wednesday. Hovde Group boosted their price target on shares of First BanCorp. from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group set a $25.00 price objective on shares of First BanCorp. in a research report on Thursday, October 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.42.

About First BanCorp.

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.