Are Analysts Bullish about First BanCorp. (NYSE:FBP) after last week?

September 16, 2018 - By Michele Cranor

First BanCorp. (NYSE:FBP) LogoInvestors sentiment decreased to 1.24 in Q2 2018. Its down 0.10, from 1.34 in 2018Q1. It is negative, as 14 investors sold First BanCorp. shares while 56 reduced holdings. 26 funds opened positions while 61 raised stakes. 186.79 million shares or 0.21% more from 186.41 million shares in 2018Q1 were reported.
Manufacturers Life Insur The has invested 0% in First BanCorp. (NYSE:FBP). Moreover, Point72 Asset Management Lp has 0.2% invested in First BanCorp. (NYSE:FBP) for 6.41M shares. Proshare Lc holds 34,032 shares or 0% of its portfolio. American Int Group Inc Inc Inc has invested 0% in First BanCorp. (NYSE:FBP). Louisiana State Employees Retirement Systems stated it has 81,400 shares. Cubist Systematic Strategies Lc stated it has 15,236 shares. Moore Mngmt Limited Partnership holds 1.79% or 9.61 million shares in its portfolio. Royal Bankshares Of Canada holds 0% in First BanCorp. (NYSE:FBP) or 3,164 shares. First Trust Lp holds 0% or 239,855 shares. Hotchkis And Wiley Mngmt Ltd holds 0.11% of its portfolio in First BanCorp. (NYSE:FBP) for 3.65M shares. Bluecrest Capital Ltd has invested 0.03% in First BanCorp. (NYSE:FBP). Alliancebernstein Lp has 0% invested in First BanCorp. (NYSE:FBP). Livforsakringsbolaget Skandia Omsesidigt holds 37,800 shares. 76,967 are held by Sterling Capital Mngmt Ltd Liability Co. Sei Investments stated it has 27,628 shares or 0% of all its holdings.

First BanCorp. (NYSE:FBP) Ratings Coverage

Among 2 analysts covering First BanCorp (NYSE:FBP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First BanCorp had 3 analyst reports since April 30, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, April 30 by Citigroup. The firm has “Outperform” rating by Merion Capital given on Thursday, July 26. The stock of First BanCorp. (NYSE:FBP) has “Neutral” rating given on Monday, April 30 by Merion Capital. Below is a list of First BanCorp. (NYSE:FBP) latest ratings and price target changes.

26/07/2018 Broker: Merion Capital Old Rating: Neutral New Rating: Outperform Old Target: $8 New Target: $9.5 Upgrade
30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $7 New Target: $9 Maintain
30/04/2018 Broker: Merion Capital Old Rating: Outperform New Rating: Neutral Downgrade

The stock increased 0.23% or $0.02 during the last trading session, reaching $8.54. About 1.21M shares traded. First BanCorp. (NYSE:FBP) has risen 50.79% since September 16, 2017 and is uptrending. It has outperformed by 35.17% the S&P500.

First BanCorp. operates as the bank holding firm for FirstBank Puerto Rico that provides a range of financial services and products to retail, commercial, and institutional clients. The company has market cap of $1.86 billion. The Company’s Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings, as well as cash and business management services; and underwrites municipal securities, and other investment banking services. It has a 24.47 P/E ratio. The companyÂ’s Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities.

First BanCorp. (NYSE:FBP) Institutional Positions Chart

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