First Ban (FBP) has an average broker rating of 2, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
First Ban (FBP) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $6. The average forecast of all the analysts is $5.75 and the expected standard deviation is $0.35.
For the current week, the company shares have a recommendation consensus of Buy. First Ban (NYSE:FBP): The stock opened at $4.42 on Thursday but the bulls could not build on the opening and the stock topped out at $4.43 for the day. The stock traded down to $4.29 during the day, due to lack of any buying support eventually closed down at $4.33 with a loss of -1.14% for the day. The stock had closed at $4.38 on the previous day. The total traded volume was 689,991 shares.
In a related news,The officer (EVP) of First Bancorp /Pr/, Lopez-Lay Ginoris sold 10,000 shares at $3.88 on November 13, 2015. The Insider selling transaction had a total value worth of $38,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.