First BanCorp. (NYSE:FBP) traded at $5.49 at last check on Monday, Jun 29, making an upward move of 7.44% on its previous day’s price.
Looking at the stock we see that its previous close was $5.11 and the beta (5Y monthly) reads 1.48 with the day’s price range being $5.19 – 5.59. The company has a 12-month trailing PE ratio of 9.63. In terms of its 52-week price range, FBP has a high of $11.24 and a low of $3.5. The company’s stock has gained about 0.37% over that past 30 days.
First has a market cap of $1.2 Billion and is expected to release its quarterly earnings report on Jul 21, 2020- Jul 27, 2020. With its Forward Dividend at 0.2 and a yield of 3.91%, the company’s investors could be anxious for the FBP stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year declined at $0.35 for 2020 and $0.82 for next year. These figures represent -0.53% and at 1.34% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the FBP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare First (FBP) stock to its peers. We find that today’s price change of +7.44% and -50.27% over the past 12 months for FBP competes that of Regions Financial Corp (RF), which has seen its stock price rise 1.97% in the latest trading session and is -27.31% over the last one year. Another of its peers First Citizens Bancs (FCNCA) has climbed 3.67% today, but is -12.18% down over the past year, while Popular Inc (BPOP) is also up 7.44% yet its price remains in the red at -50.27% over the same period. Regions has a P/E ratio of 8.47 compared to First’s 9.65 and First’s 10.73. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to First BanCorp. (NYSE:FBP), we note that the average 3-month trading volume was 1.82 Million, while that of the preceding 10-day period stands at 2.18 Million. Current shares outstanding are 218.16 Million.
According to data from Thomson Reuters, insiders hold 1.68% of the company’s shares while institutions hold 93.68%. The data shows that short shares as of June 14, 2020, stood at 2.67 Million at a short ratio of 1.56. This represents a 1.22% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 4.23 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -48.16% down in year-to-date price movement.