First BanCorp (Puerto Rico) (FBP) Releases Quarterly Earnings Results
First BanCorp (Puerto Rico) (NYSE:FBP) announced its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09, AnalystRatings.Net reports. During the same quarter last year, the company posted $0.09 earnings per share.
A number of research firms have recently commented on FBP. Analysts at Credit Suisse initiated coverage on shares of First BanCorp (Puerto Rico) in a research note to investors on Friday, August 23rd. They set an “outperform” rating and a $10.00 price target on the stock. On the ratings front, analysts at Bank of America Corp. initiated coverage on shares of First BanCorp (Puerto Rico) in a research note to investors on Friday, August 23rd. They set a “buy” rating and a $9.00 price target on the stock. Finally, analysts at Sandler O’Neill upgraded shares of First BanCorp (Puerto Rico) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $8.95.
Shares of First BanCorp (NYSE:FBP) traded up 0.19% on Wednesday, hitting $5.33. 221,566 shares of the company’s stock traded hands. First BanCorp has a 52 week low of $3.58 and a 52 week high of $8.70. The stock’s 50-day moving average is $6.9 and its 200-day moving average is $6.59. The company’s market cap is $1.096 billion.
First Bancorp is a bank holding company. The Company is a service provider of financial services and products with operations in Puerto Rico, the United States and the United States and British Virgin Islands.
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