First BanCorp (Puerto Rico) (NYSE: FBP) has reported E.P.S. of $0.45 for its third fiscal quarter (ending September 30) versus $0.47 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $1.82 compared to $1.65 a year ago.
Recent Price Action
First BanCorp (Puerto Rico) (NYSE: FBP) stock closed at $19.30 on 10/23/24 after a large decline of -5.4%. Moreover, this decline was accompanied by unusually high trading volume at 177% of normal. The stock has declined -9.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FBP is expected to continue to be an important Value Builder.
First BanCorp (Puerto Rico) has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First BanCorp (Puerto Rico) has a slightly positive Appreciation Score of 69 and a good Power Rating of 84, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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