Los Angeles Capital Management LLC Sells 43,662 Shares of First BanCorp. $FBP

Posted by on Jun 11th, 2026

Los Angeles Capital Management LLC trimmed its holdings in shares of First BanCorp. (NYSE:FBP – Free Report) by 33.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 85,518 shares of the bank’s stock after selling 43,662 shares during the period. Los Angeles Capital Management LLC’s holdings in First BanCorp. were worth $1,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in First BanCorp. during the 4th quarter valued at approximately $5,222,000. State of Wyoming bought a new stake in First BanCorp. in the fourth quarter worth $64,000. Goldman Sachs Group Inc. grew its stake in shares of First BanCorp. by 19.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 952,314 shares of the bank’s stock worth $19,741,000 after acquiring an additional 154,104 shares during the last quarter. Norges Bank bought a new position in shares of First BanCorp. during the fourth quarter valued at $42,138,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of First BanCorp. during the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

First BanCorp. Stock Performance

FBP stock opened at $24.77 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.80. First BanCorp. has a 1 year low of $19.16 and a 1 year high of $25.07. The company has a market cap of $3.83 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 1.48 and a beta of 0.83. The stock’s fifty day moving average price is $23.52 and its 200-day moving average price is $22.06.

First BanCorp. (NYSE:FBP – Get Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $258.64 million for the quarter, compared to the consensus estimate of $263.54 million. First BanCorp. had a return on equity of 17.51% and a net margin of 28.31%.During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, equities analysts forecast that First BanCorp. will post 2.25 earnings per share for the current year.

First BanCorp. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. First BanCorp.’s dividend payout ratio is presently 35.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price target on shares of First BanCorp. from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 1st. Wells Fargo & Company upped their target price on shares of First BanCorp. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods increased their price target on shares of First BanCorp. from $24.50 to $26.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Finally, Raymond James Financial raised shares of First BanCorp. from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $26.00 to $27.00 in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, First BanCorp. presently has a consensus rating of “Buy” and a consensus target price of $25.86.

Check Out Our Latest Report on FBP

About First BanCorp.

(Free Report)

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.

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Institutional Ownership by Quarter for First BanCorp. (NYSE:FBP)

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