$987.44K in average volume shows that First Bancorp PR (FBP) is heading in the right direction

On Monday, First Bancorp PR (NYSE: FBP) opened higher 3.76% from the last session, before settling in for the closing price of $18.88. Price fluctuations for FBP have ranged from $12.95 to $22.12 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 10.84%. Company’s average yearly earnings per share was noted 2.38% at the time writing. With a float of $159.84 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. In terms of profitability, gross margin is 42.1%, operating margin of 58.44%, and the pretax margin is 40.31%.

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 2.46%, while institutional ownership is 94.47%. 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) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.36) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 2.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.85% 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 2.64. Likewise, its price to free cash flow for the trailing twelve months is 8.67.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.81, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.79 in one year’s time.

Technical Analysis of First Bancorp PR (FBP)

Compared to the last year’s volume of 1.04 million, its volume of 1.34 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.14%. Additionally, its Average True Range was 0.60.

During the past 100 days, First Bancorp PR’s (FBP) raw stochastic average was set at 52.62%, which indicates a significant increase from 25.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.17% in the past 14 days, which was higher than the 29.29% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $20.57, while its 200-day Moving Average is $18.47. Nevertheless, the first resistance level for the watch stands at $19.85 in the near term. At $20.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.54. If the price goes on to break the first support level at $19.17, it is likely to go to the next support level at $18.75. Should the price break the second support level, the third support level stands at $18.48.

First Bancorp PR (NYSE: FBP) Key Stats

There are currently 166,427K shares outstanding in the company with a market cap of 3.21 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 307,180 K and its income totaled 73,730 K.