First BanCorp. (NYSE:FBP) insider Oaktree Fund Gp, Llc sold 10,000,000 shares of First BanCorp. stock in a transaction on Monday, August 7th. The shares were sold at an average price of $5.66, for a total value of $56,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

First BanCorp. (NYSE FBP) traded down 0.52% during trading on Wednesday, reaching $5.71. The company’s stock had a trading volume of 1,960,744 shares. First BanCorp. has a 52 week low of $4.28 and a 52 week high of $7.05. The company has a market cap of $1.22 billion, a P/E ratio of 12.41 and a beta of 2.01. The company’s 50 day moving average price is $5.84 and its 200 day moving average price is $5.91.

First BanCorp. (NYSE:FBP) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. First BanCorp. had a net margin of 15.17% and a return on equity of 5.57%. The company had revenue of $144.45 million during the quarter, compared to the consensus estimate of $145.55 million. During the same period in the prior year, the business posted $0.10 EPS. On average, equities analysts anticipate that First BanCorp. will post $0.47 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/first-bancorp-fbp-insider-oaktree-fund-gp-llc-sells-10000000-shares/1466347.html.

Several institutional investors have recently bought and sold shares of FBP. Acrospire Investment Management LLC increased its position in First BanCorp. by 0.4% in the first quarter. Acrospire Investment Management LLC now owns 29,132 shares of the bank’s stock worth $165,000 after buying an additional 117 shares in the last quarter. Louisiana State Employees Retirement System increased its position in First BanCorp. by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 64,000 shares of the bank’s stock worth $371,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can increased its position in First BanCorp. by 1.6% in the first quarter. Bank of Montreal Can now owns 19,836 shares of the bank’s stock worth $112,000 after buying an additional 316 shares in the last quarter. LS Investment Advisors LLC increased its position in First BanCorp. by 1.4% in the second quarter. LS Investment Advisors LLC now owns 26,044 shares of the bank’s stock worth $151,000 after buying an additional 370 shares in the last quarter. Finally, Arizona State Retirement System increased its position in First BanCorp. by 0.5% in the second quarter. Arizona State Retirement System now owns 81,972 shares of the bank’s stock worth $475,000 after buying an additional 400 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

A number of analysts recently issued reports on FBP shares. Zacks Investment Research cut First BanCorp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. BidaskClub lowered First BanCorp. from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. First BanCorp. currently has a consensus rating of “Hold” and an average price target of $7.00.

First BanCorp. Company Profile

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.