First BanCorp. (FBP) Insider Oaktree Fund Gp, Llc Sells 10,000,000 Shares
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.
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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
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