First BanCorp. (NYSE:FBP – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05, Briefing.com reports. The business had revenue of $304.28 million during the quarter, compared to the consensus estimate of $230.26 million. First BanCorp. had a return on equity of 21.86% and a net margin of 25.91%. During the same period last year, the company earned $0.37 earnings per share.
First BanCorp. Price Performance
Shares of NYSE FBP opened at $21.79 on Friday. The firm has a market cap of $3.63 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. First BanCorp. has a 1-year low of $12.72 and a 1-year high of $22.06. The business’s 50 day moving average is $18.37 and its 200-day moving average is $17.42.
First BanCorp. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 29th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.94%. First BanCorp.’s payout ratio is 36.57%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on FBP
Insider Transactions at First BanCorp.
In other First BanCorp. news, CFO Gonzalez Orlando Berges sold 75,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $17.92, for a total transaction of $1,344,000.00. Following the transaction, the chief financial officer now owns 277,020 shares in the company, valued at approximately $4,964,198.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Donald Kafka sold 50,000 shares of First BanCorp. stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.81, for a total value of $1,090,500.00. Following the transaction, the chief operating officer now owns 174,589 shares in the company, valued at approximately $3,807,786.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gonzalez Orlando Berges sold 75,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $17.92, for a total value of $1,344,000.00. Following the sale, the chief financial officer now directly owns 277,020 shares in the company, valued at approximately $4,964,198.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,277 shares of company stock worth $2,529,539. Company insiders own 2.50% of the company’s stock.
First BanCorp. Company Profile
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
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