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How to buy First BanCorp (FBP) stocks in Canada
Learn how to easily invest in First BanCorp stocks.
First BanCorp is a banks-regional business based in the US. First BanCorp stocks (FBP.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $12.44 – a decrease of 0.44% over the previous week. First BanCorp employs 3,075 staff and has a trailing 12-month revenue of around $925.9 million.
How to buy stocks in First BanCorp
- Compare stock trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – FBP – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in First BanCorp?
- Has coronavirus impacted First BanCorp shares?
- First BanCorp shares summary
- Compare share dealing platforms
- Is First BanCorp stock a buy or sell?
- First BanCorp performance over time
- Are First BanCorp shares over-valued?
- First BanCorp's financials
- How volatile are First BanCorp shares?
- Does First BanCorp pay a dividend?
- Have First BanCorp shares ever split?
- Other common questions
First BanCorp stock price (NYSE:FBP)Use our graph to track the performance of FBP stocks over time.
First BanCorp shares at a glance
|Latest market close||$13.64|
|52-week range||$10.67 - $16.50|
|50-day moving average||$13.37|
|200-day moving average||$13.63|
|Wall St. target price||$22.83|
|Dividend yield||$0.34 (3.39%)|
|Earnings per share (TTM)||$1.44|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
First BanCorp price performance over time
|1 week (2022-05-13)||-0.44%|
|1 month (2022-04-21)||0.52%|
|3 months (2022-02-18)||-4.28%|
|6 months (2021-11-19)||-4.68%|
|1 year (2021-05-21)||5.65%|
|2 years (2020-05-20)||156.39%|
|3 years (2019-05-20)||30.90%|
|5 years (2017-05-19)||151.66%|
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 9x. In other words, First BanCorp shares trade at around 9x 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||$925.9 million|
|Operating margin TTM||52.04%|
|Gross profit TTM||$916.1 million|
|Return on assets TTM||1.54%|
|Return on equity TTM||15.12%|
|Market capitalisation||$2.7 billion|
TTM: trailing 12 months
First BanCorp share dividends
Dividend payout ratio: 26% of net profits
Recently First BanCorp has paid out, on average, around 26% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.39% 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 3.39% return on their shares, in the form of dividend payments. In First BanCorp's case, that would currently equate to about $0.34 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 2022. The latest dividend was paid out to all shareholders who bought their shares by 24 May 2022 (the "ex-dividend date").
Have First BanCorp's shares ever split?
First BanCorp's shares were split on a 1:15 basis on 7 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 $10.6688 up to $16.5001. 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 1.1031. This would suggest that First BanCorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly 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 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 agency services. The Treasury and Investments segment offers funding and liquidity management services.
First BanCorp in the news
SEC filings reveal massive selling in media names, including Disney and Comcast
FBP Crosses Above Key Moving Average Level
First Bancorp Larger Than S&P 500 Component Under Armour
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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