First BanCorp. (NYSE: FBP) declares quarterly dividend of $ 0.07
First BanCorp. (NYSE: FBP) announced quarterly dividend Wednesday, April 28 Zacks reports. Shareholders of record on Wednesday May 26 will receive a dividend of 0.07 per share from the bank on Friday June 11. This represents a dividend of $ 0.28 on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, May 25.
Shares of FBP stock opened at $ 12.65 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt ratio of 0.31. The stock has a market cap of $ 2.76 billion, a P / E ratio of 32.44, a price / earnings-growth ratio of 0.73, and a beta of 1.43. The stock has a 50-day simple moving average of $ 11.68 and a 200-day simple moving average of $ 9.58. First BanCorp. has a one-year minimum of $ 4.30 and a one-year maximum of $ 12.93.
First BanCorp. (NYSE: FBP) last released its quarterly results on Sunday, April 25. The bank reported earnings per share (EPS) of $ 0.31 for the quarter, beating the consensus estimate of $ 0.24 by $ 0.07. First BanCorp. had a return on equity of 3.63% and a net margin of 11.28%. During the same period of the previous year, the company made earnings per share ($ 0.03). Analysts expect First BanCorp. will show 0.37 BPA for the current year.
In other First BanCorp. news, director John A. Heffern bought 2,500 shares of the company in a transaction that took place on Wednesday, April 28. The shares were purchased at an average price of $ 12.54 per share, for a total value of $ 31,350.00. As a result of the transaction, the director now owns 73,843 shares of the company, valued at $ 925,991.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, available through this link. In addition, Executive Vice President Lawrence Odell sold 20,000 shares of the company in a transaction dated Monday, March 8. The shares were sold for an average price of $ 11.30, for a total transaction of $ 226,000.00. 2.13% of the shares are currently held by insiders of the company.
Several research firms weighed in on FBP. Citigroup Inc. Minimum 3% coupon with principal protection due to the increase in Russell’s target price on First BanCorp. from $ 10.00 to $ 120.00 in a research note on Wednesday April 14. Zacks investment research upgraded First BanCorp. from a “hold” note to a “buy” note and set a price target of $ 13.00 for the company in a report on Tuesday April 6th. Finally, Citigroup has increased its price target on First BanCorp. from $ 10.00 to $ 120.00 in a feature on Wednesday April 14.
First BanCorp. Company Profile
First BanCorp. operates as a banking holding company for FirstBank Puerto Rico which provides a range of financial products and services to retail, commercial and institutional clients. The company operates in six segments: corporate and commercial banking, mortgage banking, consumer (retail) banking, treasury and investments, US operations, and Virgin Islands operations.
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