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

On Tuesday, First Bancorp PR (NYSE: FBP) opened lower -0.41% from the last session, before settling in for the closing price of $17.23. Price fluctuations for FBP have ranged from $10.18 to $17.70 over the past 52 weeks.

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Financial Sector giant saw their annual sales surged by 10.84% over the last five years. Company’s average yearly earnings per share was noted -4.99% at the time writing. With a float of $162.38 million, this company’s outstanding shares have now reached $169.30 million.

The firm has a total of 3168 workers. Let’s measure their productivity.

First Bancorp PR (FBP) Insider Activity

A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of First Bancorp PR is 2.56%, while institutional ownership is 95.33%. 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

If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 0.39 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.35) by 0.04. 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 -4.99% 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

Check out the current performance indicators for First Bancorp PR (FBP). 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 0.39 in the next quarter and is forecasted to reach 1.82 in one year’s time.

Technical Analysis of First Bancorp PR (FBP)

Analysing the last 5-days average volume posted by the [First Bancorp PR, FBP], we can find that recorded value of 1.07 million was lower than the volume posted last year of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 74.41%. Additionally, its Average True Range was 0.41.

During the past 100 days, First Bancorp PR’s (FBP) raw stochastic average was set at 80.84%, which indicates a significant increase from 71.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.00% in the past 14 days, which was lower than the 26.11% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.89, while its 200-day Moving Average is $15.28. Now, the first resistance to watch is $17.36. This is followed by the second major resistance level at $17.57. The third major resistance level sits at $17.77. 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 $16.75. Should the price break the second support level, the third support level stands at $16.54.

First Bancorp PR (NYSE: FBP) Key Stats

There are currently 169,303K shares outstanding in the company with a market cap of 2.86 billion. Presently, the company’s annual sales total 1,156 M according to its annual income of 302,860 K. Last quarter, the company’s sales amounted to 299,090 K and its income totaled 79,490 K.