Hovde Group reiterated coverage of First Bancorp with a rating of Outperform and set a new price target of $24.00 from $25.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $25.00 → $24.00 | Outperform | Hovde Group |
| 8/26/2024 | $22.00 | Neutral | Piper Sandler |
| 7/24/2024 | $21.00 → $25.00 | Outperform | Hovde Group |
| 7/9/2024 | $21.00 | Outperform | Raymond James |
| 12/15/2022 | $17.00 → $14.00 | Overweight → Equal Weight | Wells Fargo |
| 4/12/2022 | $17.50 | Outperform | Keefe Bruyette |
| 12/20/2021 | $17.00 | Outperform | Hovde Group |
| 11/9/2021 | $16.00 | Overweight | Wells Fargo |
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)
SC 13G/A - FIRST BANCORP /PR/ (0001057706) (Subject)
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”): Series Annual Dividend Rate (%) Monthly Dividend Per Share Outstanding Shares Record Date Payment Date A 7.125% $0.14843750 197,386 January 28, 2021 February 1, 2021 B 8.35% $0.17395800 296,146
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
4 - FIRST BANCORP /PR/ (0001057706) (Issuer)
Wells Fargo analyst Timur Braziler maintains First BanCorp (NYSE:FBP) with a Equal-Weight and raises the price target from $19 to $20.
First BanCorp (NYSE:FBP) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.41 by 12.2 percent. This is a 24.32 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $199.628 million which missed the analyst consensus estimate of $201.414 million by 0.89 percent. This is a 0.09 percent decrease over sales of $199.815 million the same period last year.
The declaration of a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on September 13, 2024 to shareholders of record at the close of business on August 29, 2024. The company expects repurchase to be executed at management's discretion through the end of the 4th quarter of 2025. This approval is in addition to the $50 million remaining under the stock repurchase program announced on July 24, 2023.
Hovde Group reiterated coverage of First Bancorp with a rating of Outperform and set a new price target of $24.00 from $25.00 previously
Piper Sandler resumed coverage of First Bancorp with a rating of Neutral and set a new price target of $22.00
Hovde Group reiterated coverage of First Bancorp with a rating of Outperform and set a new price target of $25.00 from $21.00 previously
10-Q - FIRST BANCORP /PR/ (0001057706) (Filer)
8-K - FIRST BANCORP /PR/ (0001057706) (Filer)
10-Q - FIRST BANCORP /PR/ (0001057706) (Filer)
First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a
First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, compared to $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, and $82.0 million, or $0.46 per diluted share, for the third quarter of 2023. Aurelio Alemán, President and Chief Executive Officer of First BanCorp, commented: "Our third quarter results reflect our commitment to deliver consistent performance and our ability to generate organic capital on the back of a stable environment in our main market. We post
First BanCorp (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation's investor relations website: fbpinvestor.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The c
First BanCorp. (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024. About First BanCorp. First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC. Among the subsidiaries of FirstBank Puerto Rico is First Federal Finance Limited Liability Company, a
First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, compared to $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, and $82.0 million, or $0.46 per diluted share, for the third quarter of 2023. Aurelio Alemán, President and Chief Executive Officer of First BanCorp, commented: "Our third quarter results reflect our commitment to deliver consistent performance and our ability to generate organic capital on the back of a stable environment in our main market. We post
First BanCorp (the "Corporation") (NYSE:FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the internet and can be accessed through the Corporation's investor relations website: fbpinvestor.com. Listeners are recommended to go to the website at least 15 minutes prior to the call to download and install any necessary software. The c