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2 weeks Ago By Defense World Staff
Bank of Montreal Can raised its stake in First BanCorp. (NYSE:FBP – Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 23,492 shares of the bank’s stock after acquiring an additional 2,169 shares during the period. Bank of Montreal Can’s holdings in First BanCorp. were worth $437,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in First BanCorp. in the 4th quarter worth about $28,000.
Picton Mahoney Asset Management lifted its holdings in First BanCorp. by 48.2% in the fourth quarter.
Picton Mahoney Asset Management now owns 1,580 shares of the bank’s stock valued at $29,000 after buying an additional 514 shares during the period. Blue Trust Inc. increased its holdings in First BanCorp.
by 31.9% in the fourth quarter. Blue Trust Inc.
now owns 2,243 shares of the bank’s stock worth $42,000 after purchasing an additional 542 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of First BanCorp. during the third quarter valued at about $66,000.
Finally, Smartleaf Asset Management LLC grew its stake in First BanCorp. by 394.8% in the fourth quarter.
Smartleaf Asset Management LLC now owns 3,800 shares of the bank’s stock valued at $70,000 after acquiring an additional 3,032 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.
First BanCorp. Stock PerformanceNYSE:FBP opened at $18.67 on Wednesday.
The business’s 50-day moving average price is $18.63 and its two-hundred day moving average price is $19.57.
The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.
34. The stock has a market cap of $3.05 billion, a P/E ratio of 10.
31, a PEG ratio of 1.34 and a beta of 0.90.
First BanCorp. has a twelve month low of $16.40 and a twelve month high of $22.
40. First BanCorp. (NYSE:FBP – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd.
The bank reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.
05. First BanCorp. had a net margin of 24.
37% and a return on equity of 18.89%. During the same period in the previous year, the business posted $0.
46 earnings per share. As a group, equities analysts predict that First BanCorp. will post 1.
85 EPS for the current fiscal year. Insider Buying and Selling at First BanCorp.In other First BanCorp.
news, EVP Carlos Power sold 10,321 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $20.75, for a total value of $214,160.
75. Following the completion of the sale, the executive vice president now directly owns 176,222 shares in the company, valued at $3,656,606.50.
This trade represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.
2.50% of the stock is currently owned by corporate insiders. Analysts Set New Price TargetsSeveral brokerages recently issued reports on FBP.
Keefe, Bruyette & Woods lifted their target price on First BanCorp. from $25.00 to $26.
00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upgraded First BanCorp. from an “equal weight” rating to an “overweight” rating and set a $20.
00 price target for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.
40.Read Our Latest Report on FBPFirst BanCorp. Company Profile (Free Report)First BanCorp.
operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.Featured StoriesFive stocks we like better than First BanCorp.
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