News headlines about First BanCorp. (NYSE:FBP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First BanCorp. earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.7914527308699 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- First BanCorp. (NYSE:FBP) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- The First BanCorp. (FBP) Upgraded to Hold at BidaskClub (hoyentv.com)
- First BanCorp to Announce 2Q 2017 Results … (ih.advfn.com)
- First BanCorp to Announce 2Q 2017 Results and Hold Conference Call on July 28, 2017 (finance.yahoo.com)
First BanCorp. (FBP) opened at 5.92 on Wednesday. First BanCorp. has a 12 month low of $4.28 and a 12 month high of $7.05. The stock’s 50 day moving average is $5.69 and its 200-day moving average is $5.98. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 13.77 and a beta of 2.01.
First BanCorp. (NYSE:FBP) last announced its earnings results on Tuesday, April 25th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $130.79 million during the quarter, compared to the consensus estimate of $139.80 million. First BanCorp. had a net margin of 14.82% and a return on equity of 5.31%. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, analysts anticipate that First BanCorp. will post $0.45 earnings per share for the current fiscal year.
FBP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Monday, June 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $7.50 target price on shares of First BanCorp. in a research report on Wednesday, April 5th. Finally, BidaskClub raised shares of First BanCorp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. First BanCorp. currently has an average rating of “Hold” and a consensus price target of $7.00.
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In related news, CFO Gonzalez Orlando Berges sold 50,000 shares of First BanCorp. stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $6.02, for a total transaction of $301,000.00. Following the completion of the sale, the chief financial officer now owns 627,431 shares of the company’s stock, valued at approximately $3,777,134.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lawrence Odell sold 25,000 shares of First BanCorp. stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $6.10, for a total transaction of $152,500.00. Following the sale, the executive vice president now directly owns 421,294 shares of the company’s stock, valued at approximately $2,569,893.40. The disclosure for this sale can be found here. Insiders have sold a total of 101,081 shares of company stock valued at $611,290 in the last ninety days. 21.10% of the stock is currently owned by insiders.
About First BanCorp.
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