The stock of First Bancorp PR (FBP) has seen a -1.40% decrease in the past week, with a 0.12% gain in the past month, and a 5.76% flourish in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 2.21% for FBP. The simple moving average for the last 20 days is -0.59% for FBP stock, with a simple moving average of 12.25% for the last 200 days.
Is It Worth Investing in First Bancorp PR (NYSE: FBP) Right Now?
The price-to-earnings ratio for First Bancorp PR (NYSE: FBP) is above average at 9.87x, Company’s 36-month beta value is 1.17.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FBP is 163.04M, and currently, short sellers hold a 1.33% ratio of that floaft. The average trading volume of FBP on April 11, 2024 was 1.15M shares.
FBP) stock’s latest price update
First Bancorp PR (NYSE: FBP) has seen a decline in its stock price by -3.48 in relation to its previous close of 17.51. However, the company has experienced a -1.40% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that SAN JUAN, Puerto Rico–(BUSINESS WIRE)–First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2024, before the market opens on April 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Tuesday, April 23, 2024. The call and webcast will be broadcast live over the internet.
Analysts’ Opinion of FBP
Many brokerage firms have already submitted their reports for FBP stocks, with Wells Fargo repeating the rating for FBP by listing it as a “Equal Weight.” The predicted price for FBP in the upcoming period, according to Wells Fargo is $14 based on the research report published on December 15, 2022 of the previous year 2022.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see FBP reach a price target of $17.50. The rating they have provided for FBP stocks is “Outperform” according to the report published on April 12th, 2022.
Hovde Group gave a rating of “Outperform” to FBP, setting the target price at $17 in the report published on December 20th of the previous year.
FBP Trading at 0.09% from the 50-Day Moving Average
After a stumble in the market that brought FBP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.55% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +1.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.76% lower at present.
During the last 5 trading sessions, FBP fell by -1.40%, which changed the moving average for the period of 200-days by +42.74% in comparison to the 20-day moving average, which settled at $17.01. In addition, First Bancorp PR saw 2.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FBP starting from LUZ CRESPO, who sale 10,000 shares at the price of $16.47 back on Mar 15 ’24. After this action, LUZ CRESPO now owns 50,055 shares of First Bancorp PR, valued at $164,668 using the latest closing price.
ALEMAN AURELIO, the President and CEO of First Bancorp PR, sale 50,000 shares at $17.17 during a trade that took place back on Mar 05 ’24, which means that ALEMAN AURELIO is holding 1,126,325 shares at $858,295 based on the most recent closing price.
Stock Fundamentals for FBP
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 1.0 for the gross margin
The net margin for First Bancorp PR stands at 0.31. The total capital return value is set at 0.09. Equity return is now at value 21.46, with 1.60 for asset returns.
Based on First Bancorp PR (FBP), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 3.61.
Currently, EBITDA for the company is 28.24 million with net debt to EBITDA at 0.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.96. The receivables turnover for the company is 12.62for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In a nutshell, First Bancorp PR (FBP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
