In the past week, FBP stock has gone down by -0.05%, with a monthly decline of -2.50% and a quarterly surge of 15.95%. The volatility ratio for the week is 1.49%, and the volatility levels for the last 30 days are 2.22% for First Bancorp PR. The simple moving average for the past 20 days is -0.09% for FBP’s stock, with a 14.83% simple moving average for the past 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 11.33x, Company’s 36-month beta value is 1.10.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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FBP is 159.85M, and currently, short sellers hold a 1.67% ratio of that floaft. The average trading volume of FBP on September 26, 2024 was 1.05M shares.
FBP) stock’s latest price update
The stock of First Bancorp PR (NYSE: FBP) has increased by 0.49 when compared to last closing price of 20.55.Despite this, the company has seen a loss of -0.05% in its stock price over the last five trading days. zacks.com reported 2024-09-18 that Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Analysts’ Opinion of FBP
Many brokerage firms have already submitted their reports for FBP stocks, with Piper Sandler repeating the rating for FBP by listing it as a “Neutral.” The predicted price for FBP in the upcoming period, according to Piper Sandler is $22 based on the research report published on August 26, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see FBP reach a price target of $25, previously predicting the price at $21. The rating they have provided for FBP stocks is “Outperform” according to the report published on July 24th, 2024.
Raymond James gave a rating of “Outperform” to FBP, setting the target price at $21 in the report published on July 09th of the current year.
FBP Trading at -0.08% 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 -6.65% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -2.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.24% upper at present.
During the last 5 trading sessions, FBP fell by -0.05%, which changed the moving average for the period of 200-days by +29.87% in comparison to the 20-day moving average, which settled at $20.64. In addition, First Bancorp PR saw 25.53% 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 McDonald Michael, who sale 1,944 shares at the price of $21.51 back on Sep 03 ’24. After this action, McDonald Michael now owns 87,476 shares of First Bancorp PR, valued at $41,815 using the latest closing price.
McDonald Michael, the EVP of First Bancorp PR, sale 7,612 shares at $21.65 during a trade that took place back on Aug 26 ’24, which means that McDonald Michael is holding 89,420 shares at $164,800 based on the most recent closing price.
Stock Fundamentals for FBP
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 0.52 for the gross margin
The net margin for First Bancorp PR stands at 0.27. The total capital return value is set at 0.05. Equity return is now at value 21.51, with 1.63 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 0.58. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 2.59.
Currently, EBITDA for the company is 28.24 million with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 14.66for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In a nutshell, First Bancorp PR (FBP) has experienced a mixed 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.
