Highlander Capital Management Lowers stake in First Bancorp (FBP)

First Bancorp (FBP) : Highlander Capital Management reduced its stake in First Bancorp by 0.38% during the most recent quarter end. The investment management company now holds a total of 265,500 shares of First Bancorp which is valued at $1,162,890 after selling 1,000 shares in First Bancorp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.First Bancorp makes up approximately 1.16% of Highlander Capital Management’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in FBP in the latest quarter, The investment management firm added 1,220 additional shares and now holds a total of 14,863 shares of First Bancorp which is valued at $65,100.Swiss National Bank boosted its stake in FBP in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 209,800 shares of First Bancorp which is valued at $912,630.California State Teachers Retirement System boosted its stake in FBP in the latest quarter, The investment management firm added 2,960 additional shares and now holds a total of 249,429 shares of First Bancorp which is valued at $1,085,016. Livingston Group Asset Management Co (operating As Southp… added FBP to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $1,395. Huntington National Bank sold out all of its stake in FBP during the most recent quarter. The investment firm sold 5,559 shares of FBP which is valued $25,849.

First Bancorp opened for trading at $4.61 and hit $4.66 on the upside on Friday, eventually ending the session at $4.65, with a gain of 0.87% or 0.04 points. The heightened volatility saw the trading volume jump to 7,87,256 shares. Company has a market cap of $1,010 M.

On the company’s financial health, First Bancorp reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.08.Analysts expectations of $ 147.10.During the same quarter in the previous year, the company posted $0.12 EPS.

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.

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