Zacks Rating on First Ban (FBP)

First Ban (FBP) : Zacks Investment Research ranks First Ban (FBP) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2, which indicates as a Buy.

First Ban (FBP) : Average target price received by First Ban (FBP) is $5.75 with an expected standard deviation of $0.35. The most aggressive target on the stock is $6, whereas the most downbeat target is $6. 2 financial analysts are currently covering the stock.


Shares of First Bancorp rose by 1.52% in the last five trading days and 0.64% for the last 4 weeks. First Bancorp is up 10.61% in the last 3-month period. Year-to-Date the stock performance stands at 44.31%. First Ban (NYSE:FBP): On Tuesdays trading session , Opening price of the stock was $4.71 with an intraday high of $4.77. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.66. However, the stock managed to close at $4.69, a loss of 0.42% for the day. On the previous day, the stock had closed at $4.71. The total traded volume of the day was 425,655 shares.

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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