Rhumbline Advisers grew its holdings in shares of First BanCorp. (NYSE:FBP) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,526 shares of the bank’s stock after purchasing an additional 33,260 shares during the period. Rhumbline Advisers owned approximately 0.16% of First BanCorp. worth $1,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. increased its position in First BanCorp. by 170.3% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 531,571 shares of the bank’s stock worth $2,722,000 after purchasing an additional 334,895 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of First BanCorp. by 84.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 68,280 shares of the bank’s stock worth $350,000 after acquiring an additional 31,330 shares during the period. New York State Common Retirement Fund grew its holdings in shares of First BanCorp. by 10.9% in the 3rd quarter. New York State Common Retirement Fund now owns 174,100 shares of the bank’s stock worth $891,000 after acquiring an additional 17,100 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of First BanCorp. by 113.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 106,271 shares of the bank’s stock worth $544,000 after acquiring an additional 56,520 shares during the period. Finally, Swiss National Bank grew its holdings in shares of First BanCorp. by 19.4% in the 3rd quarter. Swiss National Bank now owns 319,500 shares of the bank’s stock worth $1,636,000 after acquiring an additional 52,000 shares during the period. Institutional investors own 90.37% of the company’s stock.

First BanCorp. (NYSE FBP) traded down $0.01 on Wednesday, hitting $5.08. The company had a trading volume of 2,973,400 shares, compared to its average volume of 1,626,286. The firm has a market cap of $1,100.33, a PE ratio of 10.60, a P/E/G ratio of 2.74 and a beta of 1.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. First BanCorp. has a 1-year low of $4.48 and a 1-year high of $7.05.

FBP has been the topic of a number of research reports. Zacks Investment Research upgraded First BanCorp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Thursday, October 12th. ValuEngine upgraded First BanCorp. from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “buy” rating and issued a $7.50 price target on shares of First BanCorp. in a report on Friday, November 10th. TheStreet cut First BanCorp. from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Finally, Citigroup lowered their price target on First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, November 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.50.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/first-bancorp-fbp-holdings-boosted-by-rhumbline-advisers/1761438.html.

First BanCorp. Company Profile

Institutional Ownership by Quarter for First BanCorp. (NYSE:FBP)

Receive News & Ratings for First BanCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First BanCorp. and related companies with Analyst Ratings Network's FREE daily email newsletter.