First Ban (FBP) Receives Price Target

First Ban (FBP) : 2 investment research analysts covering First Ban (FBP) have an average price target of $5.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $6 for the short term. Analysts expect the variance to be within $0.35 of the average price.

First Ban (FBP) : The consensus on First Ban (FBP) based on 3 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


First Ban (NYSE:FBP): The stock opened at $4.93 on Thursday but the bulls could not build on the opening and the stock topped out at $4.98 for the day. The stock traded down to $4.77 during the day, due to lack of any buying support eventually closed down at $4.83 with a loss of -1.43% for the day. The stock had closed at $4.90 on the previous day. The total traded volume was 397,058 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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