Analyst Rating Update on First Ban (FBP)

First Ban (FBP) : 1 brokerage houses believe that First Ban (FBP) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on First Ban (FBP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

First Ban (FBP) : The highest level First Ban (FBP) is projected to reach is $6 for the short term and the lowest estimate is at $5. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $5.25 and the possibility the share price can swing is $0.35.

For the current week, the company shares have a recommendation consensus of Buy.


First Ban (NYSE:FBP): The stock opened at $4.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.49 for the day. The stock traded down to $4.29 during the day, due to lack of any buying support eventually closed down at $4.35 with a loss of -1.58% for the day. The stock had closed at $4.42 on the previous day. The total traded volume was 798,698 shares.

First BanCorp. is a financial holding company. The Company serves as the bank holding company for FirstBank Puerto Rico (FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). Through its wholly owned subsidiaries, the Company provides financial services and products with operations in Puerto Rico, the United States and the United States Virgin Islands and British Virgin Islands. It focuses on commercial banking, residential mortgage loan originations, finance leases, credit cards, personal loans, small loans, auto loans, and insurance agency and broker-dealer activities. It operates in six segments: Commercial and Corporate Banking; Consumer (Retail) Banking; Mortgage Banking; Treasury and Investments; United States Operations, and Virgin Islands Operations. It has two wholly owned subsidiaries: FirstBank, a Puerto Rico-chartered commercial bank and FirstBank Insurance Agency, a Puerto Rico-chartered insurance agency.

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