FBP - First BanCorp Is Tempting, But Not Tempting Enough
2025-10-12 09:17:15 ET
Whenever I rate a company a ‘hold,’ I'm making the claim that the stock should perform more or less along the lines of the broader market for the foreseeable future. But that does not always come to pass. One example of this can be seen by looking at First BanCorp ( FBP ), a rather sizable bank with a market capitalization as of this writing of $3.52 billion. Back in April of this year, I reaffirmed the company as a ‘hold’ candidate. But since then, the stock has underperformed the market, rising only 14.2% at a time when the S&P 500 is up 25.4%. But since I originally downgraded it to a ‘hold’ in March of 2024, the stock has outperformed the broader market....
First BanCorp Is Tempting, But Not Tempting Enough