First BanCorp. (NYSE:FBP – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05, Briefing.com reports. First BanCorp. had a net margin of 25.91% and a return on equity of 21.86%. The firm had revenue of $304.28 million during the quarter, compared to analysts’ expectations of $230.26 million. During the same quarter in the previous year, the company posted $0.37 EPS.
First BanCorp. Trading Up 2.0 %
Shares of NYSE:FBP opened at $21.78 on Friday. The company’s 50-day moving average price is $18.37 and its two-hundred day moving average price is $17.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.77 and a quick ratio of 0.76. First BanCorp. has a one year low of $12.72 and a one year high of $22.06. The stock has a market capitalization of $3.62 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12.
First BanCorp. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.64 annualized dividend and a yield of 2.94%. First BanCorp.’s dividend payout ratio (DPR) is presently 36.57%.
Analysts Set New Price Targets
View Our Latest Report on First BanCorp.
Insiders Place Their Bets
In other First BanCorp. news, EVP Carlos Power sold 5,277 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $18.01, for a total value of $95,038.77. Following the transaction, the executive vice president now directly owns 255,236 shares of the company’s stock, valued at approximately $4,596,800.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Carlos Power sold 5,277 shares of First BanCorp. stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $18.01, for a total transaction of $95,038.77. Following the sale, the executive vice president now directly owns 255,236 shares in the company, valued at approximately $4,596,800.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gonzalez Orlando Berges sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $17.92, for a total transaction of $1,344,000.00. Following the transaction, the chief financial officer now owns 277,020 shares of the company’s stock, valued at approximately $4,964,198.40. The disclosure for this sale can be found here. Insiders have sold 130,277 shares of company stock valued at $2,529,539 in the last three months. 2.50% of the stock is currently owned by corporate insiders.
First BanCorp. Company Profile
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
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