First Bancorp (FBP) Scheduled to Post Quarterly Earnings on Monday

First Bancorp (NYSE:FBP) is scheduled to be releasing its earnings data before the market opens on Monday, April 23rd. Analysts expect First Bancorp to post earnings of $0.07 per share for the quarter.

First Bancorp (NYSE:FBP) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. First Bancorp had a net margin of 9.88% and a return on equity of 5.89%. The business had revenue of $137.22 million during the quarter, compared to analysts’ expectations of $137.80 million. During the same quarter in the prior year, the company posted $0.11 EPS. On average, analysts expect First Bancorp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Bancorp stock opened at $6.72 on Monday. First Bancorp has a 1-year low of $4.48 and a 1-year high of $6.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $1,457.71, a PE ratio of 13.44, a PEG ratio of 0.55 and a beta of 1.78.

Several research firms have recently weighed in on FBP. Zacks Investment Research cut shares of First Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of First Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Piper Jaffray reissued a “buy” rating and issued a $8.00 price target on shares of First Bancorp in a research note on Monday, January 29th. Finally, Citigroup raised shares of First Bancorp from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $6.63.

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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.

Earnings History for First Bancorp (NYSE:FBP)

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