FBP - First BanCorp. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of First BanCorp. (NYSE:FBP) traded today at $13.71, eclipsing its 52-week high. So far today approximately 150,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
First BanCorp. (NYSE:FBP) defies analysts with a current price ($13.62) 53.0% above its average consensus price target of $6.39.
First BanCorp. share prices have moved between a 52-week high of $13.71 and a 52-week low of $5.16 and are now trading 164% above that low price at $13.62 per share.
First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
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