Can analysts adopt a bullish outlook for First BanCorp. (NYSE:FBP)?

September 16, 2018 - By Lisa Delgado

First BanCorp. (NYSE:FBP) LogoInvestors sentiment decreased to 1.24 in Q2 2018. Its down 0.10, from 1.34 in 2018Q1. It dropped, as 14 investors sold First BanCorp. shares while 56 reduced holdings. 26 funds opened positions while 61 raised stakes. 186.79 million shares or 0.21% more from 186.41 million shares in 2018Q1 were reported.
Pennsylvania-based Zeke Capital Advisors Limited Liability has invested 0.01% in First BanCorp. (NYSE:FBP). Indexiq Advsr Limited Company owns 363,354 shares. Gsa Ptnrs Ltd Liability Partnership has invested 0.02% in First BanCorp. (NYSE:FBP). New York-based Cipher Ltd Partnership has invested 0.07% in First BanCorp. (NYSE:FBP). State Common Retirement Fund has invested 0% of its portfolio in First BanCorp. (NYSE:FBP). Deutsche Financial Bank Ag has invested 0% in First BanCorp. (NYSE:FBP). Clover Partners Limited Partnership reported 305,000 shares. Sei Invests holds 0% of its portfolio in First BanCorp. (NYSE:FBP) for 27,628 shares. Voya Mgmt Ltd Liability Co owns 400,520 shares or 0.01% of their US portfolio. Los Angeles Cap Mgmt And Equity Research Incorporated stated it has 263,311 shares. Wetherby Asset Management invested in 18,382 shares. Teacher Retirement System Of Texas holds 0% of its portfolio in First BanCorp. (NYSE:FBP) for 41,628 shares. Thomas J Herzfeld Advisors holds 280,077 shares. 25,718 were reported by Two Sigma Securities Llc. Texas Permanent School Fund reported 117,324 shares or 0.01% of all its holdings.

First BanCorp. (NYSE:FBP) Ratings Coverage

Among 2 analysts covering First BanCorp (NYSE:FBP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First BanCorp had 3 analyst reports since April 30, 2018 according to SRatingsIntel. On Monday, April 30 the stock rating was downgraded by Merion Capital to “Neutral”. Merion Capital upgraded the shares of FBP in report on Thursday, July 26 to “Outperform” rating. Citigroup maintained the shares of FBP in report on Monday, April 30 with “Buy” rating. Below is a list of First BanCorp. (NYSE:FBP) latest ratings and price target changes.

26/07/2018 Broker: Merion Capital Old Rating: Neutral New Rating: Outperform Old Target: $8 New Target: $9.5 Upgrade
30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $7 New Target: $9 Maintain
30/04/2018 Broker: Merion Capital Old Rating: Outperform New Rating: Neutral Downgrade

The stock increased 0.23% or $0.02 during the last trading session, reaching $8.54. About 1.21M shares traded. First BanCorp. (NYSE:FBP) has risen 50.79% since September 16, 2017 and is uptrending. It has outperformed by 35.17% the S&P500.

First BanCorp. operates as the bank holding firm for FirstBank Puerto Rico that provides a range of financial services and products to retail, commercial, and institutional clients. The company has market cap of $1.86 billion. The Company’s Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings, as well as cash and business management services; and underwrites municipal securities, and other investment banking services. It has a 24.47 P/E ratio. The companyÂ’s Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities.

First BanCorp. (NYSE:FBP) Institutional Positions Chart

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