Press coverage about First Bancorp (NYSE:FBP) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Bancorp earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.2259853613135 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several brokerages recently commented on FBP. Zacks Investment Research raised shares of First Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine cut shares of First Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Citigroup upped their price target on shares of First Bancorp from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Finally, Merion Capital Group restated a “neutral” rating on shares of First Bancorp in a research report on Monday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. First Bancorp currently has a consensus rating of “Hold” and an average target price of $7.75.
Shares of FBP traded up $0.08 during trading hours on Wednesday, hitting $7.98. 19,431 shares of the stock were exchanged, compared to its average volume of 1,740,256. First Bancorp has a fifty-two week low of $4.48 and a fifty-two week high of $8.32. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.69 billion, a PE ratio of 15.94 and a beta of 1.78.
First Bancorp (NYSE:FBP) last posted its quarterly earnings data on Friday, April 27th. The bank reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. First Bancorp had a net margin of 10.74% and a return on equity of 6.26%. The company had revenue of $147.48 million during the quarter, compared to analysts’ expectations of $139.70 million. During the same period in the prior year, the company posted $0.11 earnings per share. sell-side analysts anticipate that First Bancorp will post 0.57 EPS for the current fiscal year.
About First Bancorp
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
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