American Century Corporations Inc. Has $131.27 Million Holdings in First BanCorp. (NYSE:FBP)

American Century Corporations Inc. boosted its stake in First BanCorp. (NYSE:FBP – Free Report) by 0.2% within the second quarter, in line with its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The agency owned 7,177,206 shares of the financial institution’s inventory after buying an extra 16,578 shares throughout the interval. American Century Corporations Inc. owned about 4.31% of First BanCorp. price $131,271,000 on the finish of the newest reporting interval.

A number of different giant traders have additionally purchased and offered shares of the inventory. Personal Wealth Administration Group LLC acquired a brand new stake in shares of First BanCorp. within the fourth quarter valued at about $26,000. Neo Ivy Capital Administration acquired a brand new stake in First BanCorp. throughout the 4th quarter valued at roughly $36,000. SageView Advisory Group LLC purchased a brand new place in First BanCorp. throughout the 1st quarter price roughly $110,000. Perkins Coie Belief Co acquired a brand new place in shares of First BanCorp. within the 2nd quarter price roughly $146,000. Lastly, Choreo LLC purchased a brand new stake in shares of First BanCorp. within the 2nd quarter valued at $207,000. 97.91% of the inventory is owned by institutional traders.

First BanCorp. Worth Efficiency

FBP inventory opened at $20.24 on Friday. The corporate has a debt-to-equity ratio of 0.44, a present ratio of 0.77 and a fast ratio of 0.76. The corporate’s 50-day shifting common is $20.44 and its 200-day shifting common is $18.47. The inventory has a market capitalization of $3.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10. First BanCorp. has a 1 yr low of $12.72 and a 1 yr excessive of $22.12.

First BanCorp. (NYSE:FBP – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, July twenty third. The financial institution reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The enterprise had income of $304.28 million for the quarter, in comparison with analyst estimates of $230.26 million. First BanCorp. had a return on fairness of 21.86% and a web margin of 25.91%. Throughout the identical quarter within the prior yr, the corporate earned $0.37 earnings per share. Equities analysis analysts anticipate that First BanCorp. will submit 1.76 EPS for the present fiscal yr.

First BanCorp. Dividend Announcement

The agency additionally lately declared a quarterly dividend, which was paid on Friday, September thirteenth. Shareholders of file on Thursday, August twenty ninth had been paid a dividend of $0.16 per share. The ex-dividend date was Thursday, August twenty ninth. This represents a $0.64 dividend on an annualized foundation and a yield of three.16%. First BanCorp.’s dividend payout ratio (DPR) is presently 36.57%.

Insiders Place Their Bets

In different information, EVP Carlos Energy offered 22,896 shares of First BanCorp. inventory in a transaction dated Tuesday, July thirtieth. The shares had been offered at a mean worth of $21.53, for a complete transaction of $492,950.88. Following the completion of the transaction, the manager vice chairman now immediately owns 232,340 shares within the firm, valued at $5,002,280.20. The sale was disclosed in a submitting with the Securities & Alternate Fee, which could be accessed by way of this hyperlink. In associated information, EVP Carlos Energy offered 22,896 shares of the agency’s inventory in a transaction dated Tuesday, July thirtieth. The shares had been offered at a mean worth of $21.53, for a complete worth of $492,950.88. Following the transaction, the manager vice chairman now owns 232,340 shares of the corporate’s inventory, valued at roughly $5,002,280.20. The sale was disclosed in a authorized submitting with the SEC, which is offered by way of this hyperlink. Additionally, COO Donald Kafka offered 50,000 shares of First BanCorp. inventory in a transaction dated Wednesday, July twenty fourth. The shares had been offered at a mean worth of $21.81, for a complete worth of $1,090,500.00. Following the transaction, the chief working officer now owns 174,589 shares of the corporate’s inventory, valued at roughly $3,807,786.09. The disclosure for this sale could be discovered right here. Over the past 90 days, insiders have offered 82,452 shares of firm inventory price $1,790,066. Insiders personal 2.50% of the corporate’s inventory.

Wall Avenue Analysts Forecast Progress

A variety of equities analysts lately weighed in on the inventory. Hovde Group lifted their goal worth on shares of First BanCorp. from $21.00 to $25.00 and gave the inventory an “outperform” ranking in a analysis be aware on Wednesday, July twenty fourth. Piper Sandler assumed protection on First BanCorp. in a analysis report on Monday, August twenty sixth. They issued a “impartial” ranking and a $22.00 worth goal for the corporate. Raymond James initiated protection on First BanCorp. in a analysis report on Tuesday, July ninth. They set an “outperform” ranking and a $21.00 goal worth on the inventory. Lastly, Wells Fargo & Firm lifted their goal worth on First BanCorp. from $19.00 to $20.00 and gave the inventory an “equal weight” ranking in a report on Wednesday, July twenty fourth. Three funding analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the inventory. Based on knowledge from MarketBeat, the inventory presently has a consensus ranking of “Average Purchase” and a mean worth goal of $20.83.

Examine Out Our Newest Report on FBP

About First BanCorp.

(Free Report)

First BanCorp. operates as a financial institution holding firm for FirstBank Puerto Rico that gives a spread of economic services and products to customers and industrial prospects. The corporate operates by way of six segments: Business and Company Banking, Mortgage Banking, Shopper (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

Additional Studying

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