First BanCorp. (FBP) Earning Somewhat Positive Media Coverage, Report Finds
Headlines about First BanCorp. (NYSE:FBP) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First BanCorp. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.9260524924547 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of First BanCorp. (NYSE FBP) opened at $5.15 on Friday. First BanCorp. has a 52-week low of $4.65 and a 52-week high of $7.05. The stock has a market cap of $1,112.36, a PE ratio of 11.20, a PEG ratio of 1.25 and a beta of 1.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 1.00.
Several brokerages have recently issued reports on FBP. ValuEngine lowered shares of First BanCorp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub lowered shares of First BanCorp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.67.
In related news, insider Oaktree Fund Gp, Llc sold 10,000,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.10% of the stock is owned by company insiders.
First BanCorp. Company Profile
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