$0.05 EPS Expected for First Bancorp (FBP)
December 28, 2017 – By Ellis Scott
Investors sentiment increased to 2.49 in Q3 2017. Its up 0.86, from 1.63 in 2017Q2. It is positive, as 7 investors sold First Bancorp shares while 36 reduced holdings. 27 funds opened positions while 80 raised stakes. 191.13 million shares or 2.52% less from 196.07 million shares in 2017Q2 were reported.
Glenmede Trust Communication Na has 80,380 shares. State Of Alaska Department Of Revenue holds 36,376 shares. Texas-based Carlson Cap Lp has invested 0.11% in First Bancorp (NYSE:FBP). Moreover, Hanseatic Svcs has 0.01% invested in First Bancorp (NYSE:FBP) for 2,566 shares. Natl Bank Of Montreal Can stated it has 24,092 shares. Moreover, Louisiana State Employees Retirement System has 0.02% invested in First Bancorp (NYSE:FBP). Wellington Gru Limited Liability Partnership invested 0.01% in First Bancorp (NYSE:FBP). Dimensional Fund Advsr L P owns 11.71 million shares. Ameritas Investment Partners reported 0% in First Bancorp (NYSE:FBP). Blackrock owns 0.01% invested in First Bancorp (NYSE:FBP) for 22.84 million shares. Cubist Systematic Strategies Lc invested in 99,787 shares. Natixis invested in 26,946 shares. Ubs Asset Mngmt Americas invested in 93,266 shares or 0% of the stock. Oaktree Capital Management Limited Partnership holds 10.03M shares or 0.77% of its portfolio. Ameriprise Fincl Inc stated it has 1.47M shares or 0% of all its holdings.
Since August 7, 2017, it had 0 insider buys, and 3 insider sales for $169.65 million activity. On Monday, August 7 Oaktree Principal Fund V (Delaware) – L.P. sold $56.55 million worth of First Bancorp (NYSE:FBP) or 10.00M shares. Bresler Joshua D sold $56.55 million worth of stock or 10.00M shares.
Analysts expect First Bancorp (NYSE:FBP) to report $0.05 EPS on January, 25.They anticipate $0.06 EPS change or 54.55 % from last quarter’s $0.11 EPS. FBP’s profit would be $10.81 million giving it 25.55 P/E if the $0.05 EPS is correct. After having $0.13 EPS previously, First Bancorp’s analysts see -61.54 % EPS growth. The stock decreased 1.73% or $0.09 during the last trading session, reaching $5.11. About 1.58 million shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since December 28, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.
First Bancorp (NYSE:FBP) Ratings Coverage
Among 6 analysts covering First Bancorp (NYSE:FBP), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. First Bancorp had 11 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, November 20 with “Neutral”. The firm has “Buy” rating by Citigroup given on Thursday, December 21. Guggenheim upgraded the stock to “Buy” rating in Monday, July 27 report. The rating was initiated by Citigroup with “Neutral” on Wednesday, February 8. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 6 report. On Friday, April 8 the stock rating was initiated by Piper Jaffray with “Overweight”. Bank of America maintained First Bancorp (NYSE:FBP) on Wednesday, November 8 with “Neutral” rating. On Wednesday, October 14 the stock rating was maintained by Keefe Bruyette & Woods with “Outperform”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, October 4. The stock of First Bancorp (NYSE:FBP) has “Buy” rating given on Friday, November 10 by Keefe Bruyette & Woods.
First BanCorp. operates as the bank holding firm for FirstBank Puerto Rico that provides a range of financial services and products to retail, commercial, and institutional clients. The company has market cap of $1.11 billion. The Company’s Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings, as well as cash and business management services; and underwrites municipal securities, and other investment banking services. It has a 17.03 P/E ratio. The companyÂ’s Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities.
More notable recent First Bancorp (NYSE:FBP) news were published by: Nasdaq.com which released: “Steven Cohen Picks Up Position in First Bancorp” on December 14, 2017, also Prnewswire.com with their article: “First Bancorp Announces Cash Dividend” published on December 15, 2017, Businesswire.com published: “The First Bancorp Declares Quarterly Dividend of 24 Cents per Share” on December 21, 2017. More interesting news about First Bancorp (NYSE:FBP) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Eagle Bancorp, First Bancorp, NetApp, DXC …” published on December 20, 2017 as well as Livetradingnews.com‘s news article titled: “First Bancorp (NYSE:FBP) Bullish Trend” with publication date: December 27, 2017.
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