First BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday
First BanCorp. (NYSE:FBP) is set to announce its earnings results before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
First BanCorp. (NYSE:FBP) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. First BanCorp. had a return on equity of 5.31% and a net margin of 14.82%. The company had revenue of $130.79 million during the quarter, compared to analysts’ expectations of $139.80 million. During the same period last year, the firm earned $0.11 EPS. On average, analysts expect First BanCorp. to post $0.45 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Shares of First BanCorp. (NYSE FBP) opened at 5.90 on Monday. First BanCorp. has a 52-week low of $4.28 and a 52-week high of $7.05. The firm has a market capitalization of $1.26 billion, a PE ratio of 13.72 and a beta of 2.00. The firm’s 50-day moving average price is $5.53 and its 200-day moving average price is $6.05.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded First BanCorp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. BidaskClub downgraded First BanCorp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $7.50 price objective on shares of First BanCorp. in a research report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.00.
In other news, CFO Gonzalez Orlando Berges sold 50,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $6.02, for a total value of $301,000.00. Following the transaction, the chief financial officer now directly owns 627,431 shares of the company’s stock, valued at $3,777,134.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nayda Rivera sold 26,081 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $6.05, for a total transaction of $157,790.05. Following the completion of the transaction, the executive vice president now directly owns 446,014 shares in the company, valued at $2,698,384.70. The disclosure for this sale can be found here. Insiders sold 101,081 shares of company stock worth $611,290 over the last ninety days. 21.10% of the stock is currently owned by company insiders.
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First BanCorp. Company Profile
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