First Bancorp PR (NYSE: FBP) on Friday, plunged -2.75% from the previous trading day, before settling in for the closing price of $21.45. Within the past 52 weeks, FBP’s price has moved between $12.72 and $22.12.
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A company in the Financial sector has jumped its sales by 10.84% annually for the last half of the decade. The company achieved an average annual earnings per share of 1.41%. With a float of $159.84 million, this company’s outstanding shares have now reached $169.30 million.
In an organization with 3168 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 52.2%, operating margin of 49.36%, and the pretax margin is 34.39%.
First Bancorp PR (FBP) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of First Bancorp PR is 2.46%, while institutional ownership is 94.53%. The most recent insider transaction that took place on Sep 03 ’24, was worth 41,815. In this transaction EVP of this company sold 1,944 shares at a rate of $21.51, taking the stock ownership to the 87,476 shares. Before that another transaction happened on Aug 26 ’24, when Company’s EVP sold 7,612 for $21.65, making the entire transaction worth $164,800. This insider now owns 89,420 shares in total.
First Bancorp PR (FBP) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.46 earnings per share (EPS) for the period topping the consensus outlook (set at 0.38) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.69% 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 2.84. Likewise, its price to free cash flow for the trailing twelve months is 9.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.82, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.85 in one year’s time.
Technical Analysis of First Bancorp PR (FBP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.7 million. That was inferior than the volume of 1.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.11%. Additionally, its Average True Range was 0.52.
During the past 100 days, First Bancorp PR’s (FBP) raw stochastic average was set at 76.40%, which indicates a significant increase from 51.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.40% in the past 14 days, which was higher than the 26.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.61, while its 200-day Moving Average is $18.36. However, in the short run, First Bancorp PR’s stock first resistance to watch stands at $21.28. Second resistance stands at $21.71. The third major resistance level sits at $21.93. If the price goes on to break the first support level at $20.63, it is likely to go to the next support level at $20.41. The third support level lies at $19.98 if the price breaches the second support level.
First Bancorp PR (NYSE: FBP) Key Stats
Market capitalization of the company is 3.42 billion based on 166,427K outstanding shares. Right now, sales total 1,156 M and income totals 302,860 K. The company made 304,280 K in profit during its latest quarter, and 75,840 K in sales during its previous quarter.
