Swiss National Bank raised its holdings in First BanCorp. (NYSE:FBP) by 19.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,500 shares of the bank’s stock after purchasing an additional 52,000 shares during the period. Swiss National Bank owned 147,923.51% of First BanCorp. worth $1,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of First BanCorp. by 36.3% in the second quarter. Amalgamated Bank now owns 22,481 shares of the bank’s stock valued at $130,000 after purchasing an additional 5,989 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of First BanCorp. by 21.5% in the second quarter. Bank of Montreal Can now owns 24,092 shares of the bank’s stock valued at $139,000 after purchasing an additional 4,256 shares in the last quarter. Pacad Investment Ltd. lifted its holdings in shares of First BanCorp. by 63.7% in the second quarter. Pacad Investment Ltd. now owns 25,700 shares of the bank’s stock valued at $149,000 after purchasing an additional 10,000 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of First BanCorp. by 1.4% in the second quarter. LS Investment Advisors LLC now owns 26,044 shares of the bank’s stock valued at $151,000 after purchasing an additional 370 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of First BanCorp. by 15.2% in the second quarter. Profund Advisors LLC now owns 30,661 shares of the bank’s stock valued at $178,000 after purchasing an additional 4,052 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors.

First BanCorp. (FBP) opened at $4.93 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $1,065.74, a P/E ratio of 10.27, a P/E/G ratio of 2.65 and a beta of 1.96. First BanCorp. has a one year low of $4.48 and a one year high of $7.05.

Several equities analysts recently issued reports on FBP shares. Citigroup Inc. reduced their price objective on shares of First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, November 20th. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Tuesday, August 1st. Bank of America Corporation reduced their price objective on shares of First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. TheStreet downgraded shares of First BanCorp. from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $7.50 price objective on shares of First BanCorp. in a research note on Friday, November 10th. Two investment 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. The company has an average rating of “Hold” and an average price target of $6.50.

WARNING: “Swiss National Bank Acquires 52,000 Shares of First BanCorp. (FBP)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/swiss-national-bank-acquires-52000-shares-of-first-bancorp-fbp/1727304.html.

First BanCorp. 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.