A look at First Bancorp PR’s (FBP) recent performance gives investors their first glimpse of hope.

First Bancorp PR (NYSE: FBP) on Tuesday, plunged -1.27% from the previous trading day, before settling in for the closing price of $17.31. Within the past 52 weeks, FBP’s price has moved between $10.18 and $17.70.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 10.84%. The company achieved an average annual earnings per share of -5.93%. With a float of $163.22 million, this company’s outstanding shares have now reached $169.30 million.

Considering the fact that the conglomerate employs 3168 people, you should pay attention to its efficiency factor.

First Bancorp PR (FBP) Insider Activity

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of First Bancorp PR is 2.45%, while institutional ownership is 94.81%. The most recent insider transaction that took place on Mar 15 ’24, was worth 164,668. In this transaction Director of this company sold 10,000 shares at a rate of $16.47, taking the stock ownership to the 50,055 shares. Before that another transaction happened on Mar 05 ’24, when Company’s President and CEO sold 50,000 for $17.17, making the entire transaction worth $858,295. This insider now owns 1,126,325 shares in total.

First Bancorp PR (FBP) Earnings and Forecasts

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.49 earnings per share (EPS) for the period topping the consensus outlook (set at $0.36) by $0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -5.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.00% during the next five years compared to 13.24% growth over the previous five years of trading.

First Bancorp PR (NYSE: FBP) Trading Performance Indicators

First Bancorp PR (FBP) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.48. Likewise, its price to free cash flow for the trailing twelve months is 8.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.71, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.83 in one year’s time.

Technical Analysis of First Bancorp PR (FBP)

Compared to the last year’s volume of 1.19 million, its volume of 0.96 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 77.18%. Additionally, its Average True Range was 0.41.

During the past 100 days, First Bancorp PR’s (FBP) raw stochastic average was set at 83.90%, which indicates a significant increase from 63.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.99% in the past 14 days, which was higher than the 27.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.80, while its 200-day Moving Average is $14.94. Nevertheless, the first resistance level for the watch stands at $17.21 in the near term. At $17.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.47. If the price goes on to break the first support level at $16.95, it is likely to go to the next support level at $16.81. Should the price break the second support level, the third support level stands at $16.69.

First Bancorp PR (NYSE: FBP) Key Stats

Market capitalization of the company is 2.86 billion based on 169,303K outstanding shares. Right now, sales total 1,156 M and income totals 302,860 K. The company made 299,090 K in profit during its latest quarter, and 79,490 K in sales during its previous quarter.