New insider activity at First Bancorp Puerto Rico ( (FBP) ) has taken place on May 7, 2025.
Nayda Rivera, the Executive Vice President and Chief Risk Officer of First Bancorp Puerto Rico, has recently sold 10,000 shares of the company’s stock. This transaction was valued at $202,000, reflecting a significant move in the financial dealings of the company’s top executive.
Recent Updates on FBP stock
First BanCorp Puerto Rico has seen significant developments in its stock performance and analyst evaluations. Wells Fargo raised its price target for First BanCorp, citing strong operating trends through FY27, including 18% ROTCE, double-digit annual TBV growth, and leading buybacks. The firm also highlighted the bank’s robust profitability metrics and strategic capital deployment initiatives, such as stock buybacks and debt redemption. Despite these positive aspects, challenges remain, including increased non-performing assets and economic uncertainties. Additionally, BofA lowered its price target due to these challenges, reflecting caution in the face of potential credit risk and economic volatility. Overall, First BanCorp’s strong earnings report and strategic initiatives have been positively received, with expectations of continued growth and profitability.
Spark’s Take on FBP Stock
According to Spark, TipRanks’ AI Analyst, FBP is a Outperform.
First Bancorp Puerto Rico demonstrates solid financial health with consistent revenue growth and profitability. Technical indicators are favorable, pointing to upward momentum, although caution is advised due to potential overbought conditions. The valuation is attractive, supported by a low P/E ratio and a decent dividend yield. Earnings call insights and strategic leadership changes add a positive outlook, despite some challenges in loan performance and economic uncertainties.
To see Spark’s full report on FBP stock, click here.
More about First Bancorp Puerto Rico
YTD Price Performance: 9.50%
Average Trading Volume: 1,339,534
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.31B