First BanCorp. (NYSE:FBP) had its target price decreased by Bank of America Corporation from $7.00 to $6.00 in a report issued on Wednesday morning. Bank of America Corporation currently has a neutral rating on the bank’s stock.

A number of other equities analysts have also commented on FBP. BidaskClub lowered First BanCorp. from a hold rating to a sell rating in a report on Wednesday, July 19th. Zacks Investment Research raised First BanCorp. from a hold rating to a buy rating and set a $6.50 price target for the company in a report on Tuesday, August 1st. Finally, ValuEngine lowered First BanCorp. from a buy rating to a hold rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. First BanCorp. currently has a consensus rating of Hold and a consensus target price of $6.70.

First BanCorp. (NYSE:FBP) traded up $0.06 during trading on Wednesday, hitting $4.77. The stock had a trading volume of 1,373,900 shares, compared to its average volume of 1,548,567. First BanCorp. has a 52-week low of $4.61 and a 52-week high of $7.05. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1,019.27, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.73 and a beta of 1.96.

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A number of large investors have recently bought and sold shares of FBP. Amalgamated Bank boosted its stake in First BanCorp. by 36.3% during the second quarter. Amalgamated Bank now owns 22,481 shares of the bank’s stock valued at $130,000 after buying an additional 5,989 shares during the period. Bank of Montreal Can boosted its stake in First BanCorp. by 21.5% during the second quarter. Bank of Montreal Can now owns 24,092 shares of the bank’s stock valued at $139,000 after buying an additional 4,256 shares during the period. Pacad Investment Ltd. boosted its stake in First BanCorp. by 63.7% during the second quarter. Pacad Investment Ltd. now owns 25,700 shares of the bank’s stock valued at $149,000 after buying an additional 10,000 shares during the period. LS Investment Advisors LLC boosted its stake in First BanCorp. by 1.4% during the second quarter. LS Investment Advisors LLC now owns 26,044 shares of the bank’s stock valued at $151,000 after buying an additional 370 shares during the period. Finally, Profund Advisors LLC boosted its stake in First BanCorp. by 15.2% during the second quarter. Profund Advisors LLC now owns 30,661 shares of the bank’s stock valued at $178,000 after buying an additional 4,052 shares during the period. 87.01% of the stock is owned by institutional investors.

First BanCorp. Company Profile

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