FBP - Shares of First BanCorp. (FBP) Rise Above Previous 52-Week High
Shares of First BanCorp. (NYSE:FBP) traded at a new 52-week high today of $12.93. Approximately 398,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
First BanCorp. (NYSE:FBP) defies analysts with a current price ($12.75) 5.1% above its average consensus price target of $12.10.
Over the past year, First BanCorp. has traded in a range of $4.30 to $12.93 and is now at $12.75, 197% above that low.
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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