First BanCorp. (NYSE:FBP) previous close was $5.94 while the outstanding shares total 216.79M. The firm has a beta of 1.54, a 12-month trailing P/E ratio of 10.70, and a growth ratio of 0.54. FBP’s shares traded higher over the last trading session, gaining 2.53% on 06/04/20. The shares fell to a low of $5.84 before closing at $6.09. Intraday shares traded counted 1.96 million, which was 5.11% higher than its 30-day average trading volume of 2.07M. The stock’s Relative Strength Index (RSI) is 62.37, with weekly volatility at 5.08% and ATR at 0.40. The FBP stock’s 52-week price range has touched low of $3.50 and a $11.24 high.
Investors have identified the Banks – Regional company First BanCorp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.37 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
First BanCorp. (FBP) Fundamentals that are to be considered.
FBP were able to record 87.16 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 443.62 million. In cash movements, the company had a total of 91.53 million as operating cash flow.
Potential earnings growth for First BanCorp. (FBP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, First BanCorp. recorded a total of 165.26 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.73% coming in sequential stages and their sales for the third quarter reducing by -1.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 26.61 million trying to sell their products during the last quarter, with the result yielding a gross income of 138.65 million. This allows shareholders to hold on to 216.79M with the revenue now reading 0.01 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.16 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.75 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FBP sounds very interesting.
Is the stock of FBP attractive?
In related news, Director, Frye Daniel Edward bought 27 shares of the company’s stock in a transaction that recorded on Mar 13. The purchase was performed at an average price of 6.14, for a total value of 167. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.90%.
3 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on First BanCorp.. 0 analysts has assigned a Sell rating on the FBP stock. The 12-month mean consensus price target for the company’s shares has been set at $8.40.