First BanCorp. (NYSE:FBP)’s traded shares stood at 1.8 million during the latest session, with the company’s beta value hitting 1.39. At the last check today, the stock’s price was $12.13, to imply an increase of 0.75% or $0.09 in intraday trading. The FBP share’s 52-week high remains $13.25, putting it -9.23% down since that peak but still an impressive 59.27% since price per share fell to its 52-week low of $4.94. The company has a valuation of $2.53B, with average of 1.79 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for First BanCorp. (FBP), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give FBP a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.3.
First BanCorp. (NYSE:FBP) trade information
After registering a 0.75% upside in the latest session, First BanCorp. (FBP) has traded red over the past five days. The stock hit a weekly high of 12.68 this Thursday, 09/16/21, jumping 0.75% in its intraday price action. The 5-day price performance for the stock is -3.37%, and -3.99% over 30 days. With these gigs, the year-to-date price performance is 30.59%.
Analysts on Wall Street suggest a consensus price target of $15.00, implying an increase of 19.13% to the stock’s recent value. The extremes give us $15.00 and $15.00 for target low and target high price respectively. As such, FBP has been trading -23.66% off suggested target high and -23.66% from its likely low.
First BanCorp. (FBP) estimates and forecasts
Looking at statistics comparing First BanCorp. share performance against respective industry, we note that the company has outperformed competitors. First BanCorp. (FBP) shares are 0.00% down over the last 6 months, with its year-to-date growth rate higher than industry average at 195.45% against 24.90%. Revenue is forecast to grow 200.00% this quarter before jumping 18.50% for the next one. The rating firms project that company’s revenue will grow 20.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $179.85 million. Meanwhile, for the quarter ending Dec 2021, a total of 1 analyst(s) estimate revenue growth to $180.06 million.Earnings reports from the last fiscal year show that sales brought in $148.68 million and $177.76 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.00% before jumping 1.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 35.50% for the past 5-year period. While 2021 is set for a -39.70% return in earnings, projections for the next 5 years are at 14.40% annually.
First BanCorp. has its next earnings report out between October 28 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. First BanCorp. has a forward dividend ratio of 0.28, with the share yield ticking at 2.33% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
First BanCorp. (NYSE:FBP)’s Major holders
First BanCorp. insiders hold 1.77% of total outstanding shares, with institutional holders owning 95.90% of the shares at 97.62% float percentage. In total, 95.90% institutions holds shares in the company, led by Blackrock Inc. As of Jun 29, 2021, the company held over 31.57 million shares (or 15.14% of shares), all amounting to roughly $376.29 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 24.18 million shares, or about 11.60% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $288.22 million.
We also have iShares Core S&P Smallcap ETF and DFA U.S. Small Cap Value Series as the top two Mutual Funds with the largest holdings of the First BanCorp. (FBP) shares. Going by data provided on Jul 30, 2021, iShares Core S&P Smallcap ETF holds roughly 13.41 million shares. This is just over 6.43% of the total shares, with a market valuation of $162.63 million. Data from the same date shows that the other fund manager holds a little less at 6.64 million, or 3.19% of the shares, all valued at about 83.51 million.