19-Apr-2024
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First BanCorp to Announce 1Q 2024 Results on April 23, 2024
Business Wire (Tue, 2-Apr 5:14 PM ET)
FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services
Globe Newswire (Wed, 20-Mar 7:30 AM ET)
First BanCorp. Increases Quarterly Cash Dividend on Common Stock to $0.16
Business Wire (Thu, 8-Feb 5:16 PM ET)
First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2023
Business Wire (Wed, 24-Jan 7:00 AM ET)
First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment generates majority revenue, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
First Bancorp. New trades on the NYSE stock market under the symbol FBP.
As of April 19, 2024, FBP stock price climbed to $16.91 with 1,058,729 million shares trading.
FBP has a beta of 1.39, meaning it tends to be more sensitive to market movements. FBP has a correlation of 0.32 to the broad based SPY ETF.
FBP has a market cap of $2.86 billion. This is considered a Mid Cap stock.
Last quarter First Bancorp. New reported $197 million in Revenue and $.49 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $.13.
In the last 3 years, FBP stock traded as high as $17.71 and as low as $10.18.
The top ETF exchange traded funds that FBP belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.
FBP has outperformed the market in the last year with a price return of +56.0% while the SPY ETF gained +21.2%. FBP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.0% and -1.1%, respectively, while the SPY returned +4.3% and -3.5%, respectively.
FBP support price is $16.17 and resistance is $16.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FBP stock will trade within this expected range on the day.