$0.05 EPS Expected for First Bancorp (FBP)

December 24, 2017 – By Richard Conner

Investors sentiment increased to 2.49 in Q3 2017. Its up 0.86, from 1.63 in 2017Q2. It increased, 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.
321,099 are held by Bancorporation Of America De. 1.23M are held by Parametric Port Associate Ltd Limited Liability Company. Hartford Inv invested in 0.05% or 519,153 shares. Glenmede Tru Na has 80,380 shares. Qs Llc holds 556,640 shares or 0.02% of its portfolio. Zacks Inv Mngmt holds 0.02% or 206,175 shares in its portfolio. World Asset has 12,186 shares. Virtu Fincl Ltd Liability holds 33,514 shares or 0% of its portfolio. State Of Tennessee Treasury Department invested in 138,409 shares or 0% of the stock. 116,297 are held by Pub Sector Pension Invest Board. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in First Bancorp (NYSE:FBP). Meeder Asset Management Inc has 10,411 shares. State Street owns 5.54 million shares. Piedmont Inv Advsr Ltd Liability accumulated 39,960 shares. Rock Point Advisors Ltd Limited Liability Company accumulated 1.13M shares.

Since August 7, 2017, it had 0 buys, and 3 selling transactions for $169.65 million activity. The insider Bresler Joshua D sold $56.55M. Shares for $56.55 million were sold by Oaktree Principal Fund V (Delaware) – L.P. on Monday, August 7.

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 26.35 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 1.50% or $0.08 during the last trading session, reaching $5.27. About 1.50 million shares traded. First Bancorp (NYSE:FBP) has risen 32.84% since December 24, 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 firm has “Buy” rating given on Friday, November 10 by Keefe Bruyette & Woods. The rating was maintained by Citigroup on Monday, November 20 with “Neutral”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, October 4 report. The stock of First Bancorp (NYSE:FBP) earned “Neutral” rating by Citigroup on Wednesday, February 8. The firm has “Buy” rating given on Thursday, December 21 by Citigroup. Piper Jaffray maintained it with “Buy” rating and $9.0 target in Friday, October 6 report. The firm earned “Outperform” rating on Wednesday, October 14 by Keefe Bruyette & Woods. As per Wednesday, November 8, the company rating was maintained by Bank of America. On Monday, July 27 the stock rating was upgraded by Guggenheim to “Buy”. Piper Jaffray initiated the shares of FBP in report on Friday, April 8 with “Overweight” rating.

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 $1.14 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 17.57 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: “The Zacks Analyst Blog Highlights: Eagle Bancorp, First Bancorp, NetApp, DXC …” on December 20, 2017, also Streetinsider.com with their article: “LCNB Corp (LCNB) to Acquire Columbus First Bancorp” published on December 21, 2017, Businesswire.com published: “The First Bancorp Announces CFO Retirement Plan” on December 21, 2017. More interesting news about First Bancorp (NYSE:FBP) were released by: Reuters.com and their article: “BRIEF-The First Bancorp Announces CFO Retirement Plan” published on December 21, 2017 as well as Nasdaq.com‘s news article titled: “Steven Cohen Picks Up Position in First Bancorp” with publication date: December 14, 2017.