Weekly Research Analysts’ Ratings Changes for First BanCorp. (FBP)

A number of firms have modified their ratings and price targets on shares of First BanCorp. (NYSE: FBP) recently:

• 4/27/2026 – First BanCorp. was upgraded by Raymond James Financial, Inc. from “outperform” to “strong-buy”. They now have a $27.00 price target on the stock, up from $26.00.
• 4/23/2026 – First BanCorp. had its price target raised by Piper Sandler from $24.00 to $25.00. They now have a “neutral” rating on the stock.
• 4/23/2026 – First BanCorp. had its price target raised by Keefe, Bruyette & Woods from $24.50 to $26.00. They now have a “market perform” rating on the stock.
• 4/23/2026 – First BanCorp. had its price target raised by Wells Fargo & Company from $24.00 to $26.00. They now have an “overweight” rating on the stock.
• 4/22/2026 – First BanCorp. had its price target raised by Truist Financial Corporation from $25.00 to $26.00. They now have a “buy” rating on the stock.
• 4/21/2026 – First BanCorp. had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 3/30/2026 – First BanCorp. had its price target raised by Wells Fargo & Company from $23.00 to $24.00. They now have an “overweight” rating on the stock.

First BanCorp. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 28th. First BanCorp.’s dividend payout ratio (DPR) is presently 35.56%.

Insider Buying and Selling at First BanCorp.

In related news, Director Roberto R. Herencia sold 4,723 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total value of $106,881.49. Following the completion of the sale, the director owned 637,019 shares in the company, valued at approximately $14,415,739.97. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.