First Ban (FBP) Shares are Down -1.26%

First Ban (FBP) has risen sharply, recording gains of 0.86% in the past 4 weeks. However, the stock has corrected -1.26% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.94% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 2.02%.The 200 Day SMA reached 30.67% First Bancorp is up 15.23% in the last 3-month period. Year-to-Date the stock performance stands at 44.31%.


First Ban (FBP) : The consensus price target for First Ban (FBP) is $5.75 for the short term with a standard deviation of $0.35. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $6.

For the current week, the company shares have a recommendation consensus of Buy. First Ban (NYSE:FBP): The stock opened at $4.62 and touched an intraday high of $4.7 on Friday. During the day, the stock corrected to an intraday low of $4.54, however, the bulls stepped in and pushed the price higher to close in the green at $4.69 with a gain of 0.64% for the day. The total traded volume for the day was 1,346,135. The stock had closed at $4.69 in the previous trading session.

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.