First BanCorp. (NYSE:FBP) shares traded lower over the last trading session, losing -1.08% on 06/09/21. The shares fell to a low of $12.77 before closing at $12.83. Intraday shares traded counted 1.82 million, which was 6.33% higher than its 30-day average trading volume of 1.94M. FBP’s previous close was $12.97 while the outstanding shares total 217.03M. The firm has a beta of 1.40, a 12-month trailing P/E ratio of 17.65, and a growth ratio of 1.23. The stock’s Relative Strength Index (RSI) is 54.21, with weekly volatility at 1.91% and ATR at 0.32. The FBP stock’s 52-week price range has touched low of $4.94 and a $13.25 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 $2.76 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 109.36 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by 24.33 million. In cash movements, the company had a total of 112.68 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 07/27/2021 quarter of the year, First BanCorp. recorded a total of 194.64 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 15.09% coming in sequential stages and their sales for the 07/27/2021 quarter reducing by -2.08%.
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 18.38 million trying to sell their products during the last quarter, with the result yielding a gross income of 176.26 million. This allows shareholders to hold on to 217.03M with the recently reported earning now reading 0.28 cents per share. This is a figure that compared to analystâ€™s prediction for their 07/27/2021 (0.31 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 1.27 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, EVP and CFO, Berges Gonzalez Orlando sold 20,000 shares of the companyâ€™s stock in a transaction that recorded on May 14. The sale was performed at an average price of 13.02, for a total value of 260,400. As the sale deal closes, the President and CEO, ALEMAN AURELIO now sold 10,000 shares of the companyâ€™s stock, valued at 128,500. Also, President and CEO, ALEMAN AURELIO sold 30,000 shares of the companyâ€™s stock in a deal that was recorded on May 10. The shares were price at an average price of 13.02 per share, with a total market value of 390,711. Following this completion of acquisition, the EVP and CFO, Berges Gonzalez Orlando now holds 30,000 shares of the companyâ€™s stock, valued at 393,150. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.70%.
2 out of 2 analysts covering the stock have rated it a Buy, while 0 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 companyâ€™s shares has been set at $14.33.