First BanCorp. (FBP) Earns Coverage Optimism Score of 0.22
Media coverage about First BanCorp. (NYSE:FBP) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First BanCorp. earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.932675340424 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- First BanCorp. (FBP) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Zacks Investment Research Lowers First BanCorp. (FBP) to Hold (americanbankingnews.com)
- ICRA ratings for Indian debt instruments-Oct 12 (timesofindia.indiatimes.com)
- First BanCorp. (FBP) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
A number of research analysts recently commented on FBP shares. BidaskClub lowered First BanCorp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered First BanCorp. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, ValuEngine lowered First BanCorp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.67.
Shares of First BanCorp. (NYSE:FBP) traded down 0.83% during mid-day trading on Tuesday, reaching $4.77. The company’s stock had a trading volume of 1,692,806 shares. The firm has a 50 day moving average price of $5.37 and a 200 day moving average price of $5.61. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 10.37 and a beta of 1.96. First BanCorp. has a 52-week low of $4.65 and a 52-week high of $7.05.
First BanCorp. (NYSE:FBP) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $144.45 million during the quarter, compared to analysts’ expectations of $145.55 million. First BanCorp. had a return on equity of 5.57% and a net margin of 15.17%. During the same period in the previous year, the firm earned $0.10 EPS. On average, equities analysts predict that First BanCorp. will post $0.47 EPS for the current fiscal year.
In other First BanCorp. news, insider Oaktree Fund Gp, Llc sold 10,000,000 shares of First BanCorp. stock in a transaction on Monday, August 7th. The stock was sold at an average price of $5.66, for a total value of $56,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 21.10% of the stock is owned by insiders.
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First BanCorp. Company Profile
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