First Ban (FBP) Shares are Up 4.84%

First Ban (FBP) : Traders are bullish on First Ban (FBP) as it has outperformed the S&P 500 by a wide margin of 4.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.67%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.84% in the last 1 week, and is up 4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.56% and the 50-Day Moving Average is 10.48%.The 200 Day SMA reached 41.71%


First Ban (NYSE:FBP): After opening at $5.07, the stock dipped to an intraday low of $4.99 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.26 and the buying power remained strong till the end. The stock closed at $5.2 for the day, a gain of 3.17% for the day session. The total traded volume was 938,176. The stocks close on the previous trading day was $5.2.

First Ban (FBP) : 2 Wall Street analysts covering First Ban (FBP) believe that the average level the stock could reach for the short term is $5.75. The maximum price target given is $6 and the minimum target for short term is around $6, hence the standard deviation is calculated at $0.35.

First BanCorp. is a financial holding company. The Company serves as the bank holding company for FirstBank Puerto Rico (FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). Through its wholly owned subsidiaries, the Company provides financial services and products with operations in Puerto Rico, the United States and the United States Virgin Islands and British Virgin Islands. It focuses on commercial banking, residential mortgage loan originations, finance leases, credit cards, personal loans, small loans, auto loans, and insurance agency and broker-dealer activities. It operates in six segments: Commercial and Corporate Banking; Consumer (Retail) Banking; Mortgage Banking; Treasury and Investments; United States Operations, and Virgin Islands Operations. It has two wholly owned subsidiaries: FirstBank, a Puerto Rico-chartered commercial bank and FirstBank Insurance Agency, a Puerto Rico-chartered insurance agency.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.