Wall Street analysts expect First BanCorp. (NYSE:FBP) to post earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for First BanCorp.’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. First BanCorp. posted earnings of $0.11 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 45.5%. The company is scheduled to announce its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that First BanCorp. will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.24 to $0.48. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.40 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for First BanCorp..

Several analysts recently commented on FBP shares. Zacks Investment Research upgraded shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Thursday, October 12th. BidaskClub cut shares of First BanCorp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of First BanCorp. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. TheStreet cut shares of First BanCorp. from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Bank of America Corporation reduced their price objective on shares of First BanCorp. from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. First BanCorp. presently has an average rating of “Hold” and an average price target of $6.70.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in shares of First BanCorp. by 3.0% in the third quarter. California Public Employees Retirement System now owns 822,399 shares of the bank’s stock valued at $4,211,000 after purchasing an additional 23,999 shares during the period. Cubist Systematic Strategies LLC increased its holdings in First BanCorp. by 36.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 99,787 shares of the bank’s stock valued at $511,000 after acquiring an additional 26,402 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in First BanCorp. by 194.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,630,900 shares of the bank’s stock valued at $28,830,000 after acquiring an additional 3,720,200 shares in the last quarter. Jacobs Asset Management LLC increased its holdings in First BanCorp. by 34.7% during the 3rd quarter. Jacobs Asset Management LLC now owns 1,003,703 shares of the bank’s stock valued at $5,139,000 after acquiring an additional 258,684 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in First BanCorp. by 24.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 901,154 shares of the bank’s stock valued at $4,614,000 after acquiring an additional 178,637 shares in the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

First BanCorp. (NYSE FBP) traded up $0.07 during mid-day trading on Friday, hitting $4.91. 3,110,336 shares of the stock traded hands, compared to its average volume of 1,727,491. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. First BanCorp. has a one year low of $4.48 and a one year high of $7.05. The firm has a market cap of $1,061.42, a PE ratio of 10.23, a PEG ratio of 1.80 and a beta of 1.96.

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