First BanCorp (Puerto Rico) (NYSE: FBP) stock closed at $22.20 on 11/6/24 after a major increase of 14.0%. Moreover, trading volume in this advance was exceptionally high at 242% of normal. The stock has risen 14.7% during the last week and 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 70 and a good Power Rating of 83, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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