First BanCorp. (NYSE: FBP) on May 23, 2023, started off the session at the price of $11.53, plunging -0.77% from the previous trading day. During the day, the shares moved up to $11.94 and dropped to $11.50 before settling in for the closing price of $11.72. Within the past 52 weeks, FBP’s price has moved between $10.18 and $16.40.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 8.00%. The company achieved an average annual earnings per share of 21.10%. With a float of $177.14 million, this company’s outstanding shares have now reached $180.22 million.
Considering the fact that the conglomerate employs 3133 people, you should pay attention to its efficiency factor.
First BanCorp. (FBP) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of First BanCorp. is 1.40%, while institutional ownership is 98.00%. The most recent insider transaction that took place on Mar 15, was worth 34,827. In this transaction Director of this company bought 3,000 shares at a rate of $11.61, taking the stock ownership to the 84,895 shares. Before that another transaction happened on Mar 10, when Company’s Director bought 500 for $12.65, making the entire transaction worth $6,325. This insider now owns 25,928 shares in total.
First BanCorp. (FBP) Earnings and Forecasts
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.39 earnings per share (EPS) for the period topping the consensus outlook (set at $0.35) by $0.04. This company achieved a net margin of +30.76 while generating a return on equity of 17.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.60% during the next five years compared to 39.80% growth over the previous five years of trading.
First BanCorp. (NYSE: FBP) Trading Performance Indicators
First BanCorp. (FBP) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 2.35. Likewise, its price to free cash flow for the trailing twelve months is 6.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.56, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.51 in one year’s time.
Technical Analysis of First BanCorp. (FBP)
Compared to the last year’s volume of 1.43 million, its volume of 1.31 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.93%. Additionally, its Average True Range was 0.44.
During the past 100 days, First BanCorp.’s (FBP) raw stochastic average was set at 32.57%, which indicates a significant decrease from 82.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.56% in the past 14 days, which was higher than the 36.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.28, while its 200-day Moving Average is $13.57. Nevertheless, the first resistance level for the watch stands at $11.88 in the near term. At $12.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.32. If the price goes on to break the first support level at $11.44, it is likely to go to the next support level at $11.25. Should the price break the second support level, the third support level stands at $11.00.
First BanCorp. (NYSE: FBP) Key Stats
Market capitalization of the company is 2.13 billion based on 179,789K outstanding shares. Right now, sales total 985,710 K and income totals 305,070 K. The company made 274,910 K in profit during its latest quarter, and 70,700 K in sales during its previous quarter.
