First BanCorp. (FBP) To Go Ex-Dividend on May 28th

First BanCorp. (NYSE:FBP) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Thursday, May 28th will be paid a dividend of 0.20 per share by the bank on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, May 28th.

First BanCorp. has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 6 years. First BanCorp. has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First BanCorp. to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 33.3%.

First BanCorp. Stock Up 0.1%

First BanCorp. stock opened at $24.13 on Tuesday. First BanCorp. has a fifty-two week low of $19.16 and a fifty-two week high of $24.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $22.68 and a 200 day moving average price of $21.70. The company has a market capitalization of $3.73 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84.

First BanCorp. (NYSE:FBP) last released its earnings results on Thursday, April 23rd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $258.64 million during the quarter, compared to analysts’ expectations of $263.54 million. First BanCorp. had a return on equity of 17.51% and a net margin of 28.31%.During the same period in the previous year, the firm posted $0.47 EPS. Research analysts expect that First BanCorp. will post 2.25 earnings per share for the current year.

First BanCorp. Company Profile

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.