First BanCorp. (NYSE:FBP) Reaches New 12-Month High – Should You Buy?

Posted by on Jun 17th, 2026

First BanCorp. (NYSE:FBP – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.56 and last traded at $25.7380, with a volume of 1173132 shares changing hands. The stock had previously closed at $25.50.

Analyst Ratings Changes

A number of equities analysts recently commented on FBP shares. Truist Financial lifted their price target on 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 First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 1st. Piper Sandler increased their target price on First BanCorp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Raymond James Financial raised First BanCorp. from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $26.00 to $27.00 in a report on Monday, April 27th. Finally, Wells Fargo & Company increased their target price on First BanCorp. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, First BanCorp. has a consensus rating of “Buy” and a consensus price target of $25.86.

Get Our Latest Analysis on First BanCorp.

First BanCorp. Trading Up 0.3%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.80. The business has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $22.21. The company has a market cap of $3.92 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.51 and a beta of 0.83.

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

First BanCorp. Dividend Announcement

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

Institutional Trading of First BanCorp.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its position in shares of First BanCorp. by 64.9% during the 1st quarter. Fifth Third Bancorp now owns 1,423 shares of the bank’s stock worth $30,000 after purchasing an additional 560 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of First BanCorp. by 151.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,873 shares of the bank’s stock worth $39,000 after purchasing an additional 1,129 shares during the period. First Horizon Corp acquired a new stake in shares of First BanCorp. during the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp raised its position in shares of First BanCorp. by 328.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the bank’s stock worth $57,000 after purchasing an additional 2,262 shares during the period. Finally, State of Wyoming acquired a new stake in shares of First BanCorp. during the 4th quarter worth approximately $64,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

About First BanCorp.

(Get 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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