Media coverage about First BanCorp. (NYSE:FBP) has trended somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First BanCorp. earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media headlines about the bank an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- First BanCorp. (FBP) Upgraded to Hold by BidaskClub (americanbankingnews.com)
- Premier Financial Bancorp Inc Stock in 2016 Q4 Driven by Institutional Investors (badhub.net)
- First BanCorp. (FBP) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Commit To Buy First Bancorp At $5, Earn 10% Annualized Using Options (nasdaq.com)
- First Bancorp (NYSE:FBP) has analysts on the Bullish side this week (eleganthomesinla.com)
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of First BanCorp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. BidaskClub raised shares of First BanCorp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $7.50 price objective on shares of First BanCorp. in a report on Wednesday, April 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.83.
Shares of First BanCorp. (NYSE:FBP) traded up 0.70% during mid-day trading on Friday, reaching $5.75. 1,810,533 shares of the company traded hands. The firm’s 50 day moving average price is $5.62 and its 200-day moving average price is $6.08. First BanCorp. has a 52-week low of $3.59 and a 52-week high of $7.05. The company has a market capitalization of $1.23 billion, a P/E ratio of 13.37 and a beta of 2.03.
First BanCorp. (NYSE:FBP) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. The business had revenue of $130.79 million for the quarter, compared to analyst estimates of $139.80 million. First BanCorp. had a return on equity of 5.31% and a net margin of 14.82%. During the same quarter in the prior year, the firm posted $0.11 EPS. Equities analysts predict that First BanCorp. will post $0.45 earnings per share for the current fiscal year.
In other First BanCorp. news, CFO Gonzalez Orlando Berges sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $6.02, for a total value of $301,000.00. Following the sale, the chief financial officer now owns 627,431 shares of the company’s stock, valued at approximately $3,777,134.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nayda Rivera sold 26,081 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $6.05, for a total value of $157,790.05. Following the completion of the sale, the executive vice president now owns 446,014 shares of the company’s stock, valued at approximately $2,698,384.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,081 shares of company stock worth $611,290. 21.10% of the stock is currently owned by insiders.
First BanCorp. Company Profile
Receive News & Ratings for First BanCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First BanCorp. and related companies with MarketBeat.com's FREE daily email newsletter.