FBP News and Press, First BanCorp. From 10/22/21

First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, which represents an increase of 43% or $0.03 per common share compared...

First BanCorp. (NYSE:FBP) traded today at a new 52-week high of $13.94. Approximately 394,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares. First BanCorp. (NYSE:FBP) is currently priced 53.0% above its average consensus analyst price targ...

First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it has elected to redeem the following outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (collectively, th...

First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the third quarter ended September 30, 2021, before the market opens on October 25, 2021. First BanCor...

First BanCorp. (NYSE:FBP) traded at a new 52-week high today of $13.93. So far today approximately 408,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares. First BanCorp is a financial holding company. The company's operating segment includes Com...

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...

Shares of First BanCorp. (NYSE:FBP) traded at a new 52-week high today of $13.29. Approximately 398,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares. First BanCorp is a financial holding company. The company's operating segment includes C...

Jefferies equity strategists map out their reasons for going bullish on Financials in a recent report. With the U.S. yield curve steepening in the past two months and the U.S. breakeven curve flattening from deep inversion, "the market is beginning to recognize that both tapering and the rate...

Economic rebound in Puerto Rico will likely subdue the provision expense and spur loan growth. Next year’s earnings will likely decline because of higher provision expenses. The year-end target price is close to the current market price. Further, FBP is offering a low divid...

At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises. For the second quarter of 2021, the Fund lagged both the overall market and the Financials sector benchmark....