How to buy First BanCorp (FBP) stock

First BanCorp is a banks-regional business based in the US. First BanCorp shares (FBP) are listed on the NYSE and all prices are listed in US Dollars. First BanCorp employs 3,317 staff and has a trailing 12-month revenue of around 0.00.

First BanCorp stock price (NYSE: FBP)

Use our graph to track the performance of FBP stocks over time.

First BanCorp shares at a glance

• Key figures

Information last updated 2021-07-23.

Latest market close	$12.79
52-week range	$4.85 - $13.18
50-day moving average	$12.05
200-day moving average	$11.45
Wall St. target price	$15.00
PE ratio	16.137
Dividend yield	$0.22 (1.88%)
Earnings per share (TTM)	$0.73

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Is it a good time to buy First BanCorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of First BanCorp by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

First BanCorp price performance over time

Historical closes compared with the close of $12.79 from 2021-05-28

1 week (2021-07-14)	N/A
1 month (2021-06-25)	2.81%
3 months (2021-04-21)	N/A
6 months (2021-01-21)	N/A

1 year (2020-07-21)	N/A
2 years (2019-07-21)	N/A
3 years (2018-07-21)	N/A
5 years (2016-07-21)	N/A

Is First BanCorp under- or over-valued?

Valuing First BanCorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First BanCorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

First BanCorp's P/E ratio

First BanCorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, First BanCorp shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

First BanCorp's PEG ratio

First BanCorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.86. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into First BanCorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

First BanCorp financials

Revenue TTM	$666.8 million
Operating margin TTM	38.47%
Gross profit TTM	$535.8 million
Return on assets TTM	0.99%
Return on equity TTM	7.29%
Profit margin	24.17%
Book value	$10.05
Market capitalisation	$2.5 billion

TTM: trailing 12 months

Shorting First BanCorp shares

There are currently 5.8 million First BanCorp shares held short by investors – that's known as First BanCorp's "short interest". This figure is 12.1% down from 6.6 million last month.

There are a few different ways that this level of interest in shorting First BanCorp shares can be evaluated.

First BanCorp's "short interest ratio" (SIR)

First BanCorp's "short interest ratio" (SIR) is the quantity of First BanCorp shares currently shorted divided by the average quantity of First BanCorp shares traded daily (recently around 2.2 million). First BanCorp's SIR currently stands at 2.59. In other words for every 100,000 First BanCorp shares traded daily on the market, roughly 2590 shares are currently held short.

However First BanCorp's short interest can also be evaluated against the total number of First BanCorp shares, or, against the total number of tradable First BanCorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First BanCorp's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 First BanCorp shares in existence, roughly 30 shares are currently held short) or 0.0278% of the tradable shares (for every 100,000 tradable First BanCorp shares, roughly 28 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First BanCorp.

Find out more about how you can short First BanCorp stock.

First BanCorp share dividends

Dividend payout ratio: 30.77% of net profits

Recently First BanCorp has paid out, on average, around 30.77% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First BanCorp shareholders could enjoy a 2.4% return on their shares, in the form of dividend payments. In First BanCorp's case, that would currently equate to about $0.22 per share.

While First BanCorp's payout ratio might seem fairly standard, it's worth remembering that First BanCorp may be investing much of the rest of its net profits in future growth.

First BanCorp's most recent dividend payout was on 10 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 May 2021 (the "ex-dividend date").

Have First BanCorp's shares ever split?

First BanCorp's shares were split on a 1:15 basis on 6 January 2011. So if you had owned 15 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your First BanCorp shares – just the quantity. However, indirectly, the new 1400% higher share price could have impacted the market appetite for First BanCorp shares which in turn could have impacted First BanCorp's share price.

First BanCorp share price volatility

Over the last 12 months, First BanCorp's shares have ranged in value from as little as $4.8536 up to $13.1775. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while First BanCorp's is 1.3945. This would suggest that First BanCorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

First BanCorp overview

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management.

Frequently asked questions

What percentage of First BanCorp is owned by insiders or institutions?
Currently 1.708% of First BanCorp shares are held by insiders and 95.731% by institutions. How many people work for First BanCorp?
Latest data suggests 3,317 work at First BanCorp. When does the fiscal year end for First BanCorp?
First BanCorp's fiscal year ends in December. Where is First BanCorp based?
First BanCorp's address is: First Federal Building, Santurce, PR, United States, 00908-0146 What is First BanCorp's ISIN number?
First BanCorp's international securities identification number is: PR3186727065 What is First BanCorp's CUSIP number?
First BanCorp's Committee on Uniform Securities Identification Procedures number is: 318672102