Impact of Brokerage Rating on First BanCorp.(FBP)

Many First BanCorp.(FBP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. First Bancorp was Initiated by Citigroup on Feb 8, 2017 to Neutral, Price Target of the shares are set at $7.

Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Nayda Rivera (EVP and CRO) sold 8,085 shares at 5.77 per share price.On Aug 9, 2016, Cassan Pancham (EVP) sold 5,000 shares at 4.62 per share price.On Nov 17, 2015, Ginoris Lopez-lay (EVP) sold 10,000 shares at 3.88 per share price.

First Bancorp Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.09.Analysts expectations of $ 139.35.During the same quarter in the previous year, the company posted $0.07 EPS.

First BanCorp. (NYSE:FBP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 2 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

First BanCorp. (NYSE:FBP): The mean estimate for the short term price target for First BanCorp. (NYSE:FBP) stands at $7.75 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $9 while the lower price target estimate is at $7.

First BanCorp. (NYSE:FBP) witnessed a decline in the market cap on Tuesday as its shares dropped 1.5% or 0.1 points. After the session commenced at $6.62, the stock reached the higher end at $6.7 while it hit a low of $6.54. With the volume soaring to 2,643,459 shares, the last trade was called at $6.56. The company has a 52-week high of $7.05. The company has a market cap of $1,427 million and there are 217,469,600 shares in outstanding. The 52-week low of the share price is $2.22.

First Bancorp distinguished itself by providing innovative marketing strategies and novel products to attract clients. Besides the branches and lending offices, the Corporation has offered a telephone information service called Telebanco since 1983. This was the first telebanking service offered in Puerto Rico. The Corporations clients have access to an extensive ATM network all over the world. The Corporation was the first in Puerto Rico to open on weekends and the first to offer in-store branches to its clients.

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