Keefe, Bruyette & Woods Issues Positive Forecast for First BanCorp. (NYSE:FBP) Stock Price

First BanCorp. (NYSE:FBP) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $27.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 7.59% from the stock’s previous close.

FBP has been the topic of a number of other reports. Truist Financial lifted their price objective on First BanCorp. from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Raymond James Financial raised their price target on shares of First BanCorp. from $27.00 to $32.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 1st. Benchmark initiated coverage on shares of First BanCorp. in a research report on Wednesday, July 15th. They issued a “buy” rating and a $31.00 price target on the stock. Piper Sandler upped their price objective on shares of First BanCorp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company increased their price objective on shares of First BanCorp. from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.50.

First BanCorp. Stock Up 4.2%

Shares of NYSE:FBP opened at $28.81 on Thursday. The firm has a market cap of $4.46 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.74 and a beta of 0.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. First BanCorp. has a 12-month low of $19.16 and a 12-month high of $28.93. The business has a fifty day simple moving average of $25.44 and a 200 day simple moving average of $23.26.

First BanCorp. (NYSE:FBP) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $264.86 million for the quarter, compared to analyst estimates of $265.31 million. First BanCorp. had a return on equity of 17.51% and a net margin of 28.31%. Analysts predict that First BanCorp. will post 2.26 earnings per share for the current year.

Institutional Trading of First BanCorp.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of First BanCorp. by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,467,300 shares of the bank’s stock valued at $445,017,000 after acquiring an additional 413,557 shares during the period. First Trust Advisors LP boosted its stake in First BanCorp. by 12.2% during the first quarter. First Trust Advisors LP now owns 4,862,288 shares of the bank’s stock worth $103,858,000 after acquiring an additional 527,991 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in First BanCorp. by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,659,149 shares of the bank’s stock worth $75,856,000 after purchasing an additional 171,580 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in First BanCorp. by 48.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,661,695 shares of the bank’s stock worth $56,854,000 after purchasing an additional 871,860 shares during the period. Finally, Verition Fund Management LLC increased its stake in First BanCorp. by 31.6% in the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock valued at $50,365,000 after purchasing an additional 548,164 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Key First BanCorp. News

Here are the key news stories impacting First BanCorp. this week:

• Positive Sentiment: First BanCorp reported Q2 2026 EPS of $0.62, beating analyst estimates of $0.54 and improving from $0.50 a year ago, which signals stronger profitability. First BanCorp Q2 2026 earnings release and conference call
• Positive Sentiment: Revenue for the quarter came in at $264.86 million, essentially matching expectations and showing that the top line held up alongside the earnings beat. First BanCorp Q2 2026 earnings release and conference call
• Positive Sentiment: The board declared a quarterly dividend of $0.20 per share, reinforcing shareholder returns and suggesting confidence in cash generation. First BanCorp dividend announcement
• Neutral Sentiment: Investors are also watching the full earnings-call transcript and management commentary for clues on margin trends, credit quality, and the outlook for the rest of 2026. First BanCorp Q2 2026 earnings call transcript
• Neutral Sentiment: Key operating metrics referenced by analysts were broadly in line with expectations, so the stock’s reaction is being driven more by the earnings beat than by a major surprise in revenue or other reported figures. First BanCorp Q2 earnings and revenues top estimates

About First BanCorp.

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.