Significant positive changes in First BanCorp (Puerto Rico) (NYSE: FBP) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
First BanCorp (Puerto Rico) (NYSE: FBP). Significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FBP is expected to continue to be a major Value Builder.
First BanCorp (Puerto Rico) has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First BanCorp (Puerto Rico) has a slightly negative Appreciation Score of 35 but a very high Power Rating of 96, and the Positive Value Trend Rating results.
Recent Price Action
On 2/28/24, First BanCorp (Puerto Rico) (NYSE: FBP) stock declined slightly by -0.8%, closing at $16.61. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Be the first to comment