Penbrook Management LLC Sells 21,400 Shares of First BanCorp. $FBP

Posted by on Jun 26th, 2026

Penbrook Management LLC trimmed its holdings in shares of First BanCorp. (NYSE:FBP – Free Report) by 47.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,500 shares of the bank’s stock after selling 21,400 shares during the quarter. Penbrook Management LLC’s holdings in First BanCorp. were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FBP. EverSource Wealth Advisors LLC increased its stake in First BanCorp. by 151.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,873 shares of the bank’s stock worth $39,000 after acquiring an additional 1,129 shares during the last quarter. First Horizon Corp bought a new stake in shares of First BanCorp. in the 4th quarter valued at approximately $40,000. Jones Financial Companies Lllp boosted its holdings in shares of First BanCorp. by 328.8% in 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. State of Wyoming purchased a new position in shares of First BanCorp. in the 4th quarter worth approximately $64,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of First BanCorp. in the 4th quarter worth approximately $74,000. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

FBP has been the topic of several recent research reports. Truist Financial increased their price target on First BanCorp. from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler lifted their price objective on shares of First BanCorp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of First BanCorp. from $24.50 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Raymond James Financial raised shares of First BanCorp. from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $26.00 to $27.00 in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.86.

View Our Latest Report on FBP

First BanCorp. Price Performance

Shares of FBP stock opened at $26.54 on Friday. First BanCorp. has a 52-week low of $19.16 and a 52-week high of $26.80. 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 firm has a market capitalization of $4.11 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.58 and a beta of 0.83. The stock has a 50 day moving average price of $24.27 and a 200 day moving average price of $22.49.

First BanCorp. (NYSE:FBP – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate 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 posted $0.47 EPS. As a group, sell-side analysts predict that First BanCorp. will post 2.25 earnings per share for the current year.

First BanCorp. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, May 28th. First BanCorp.’s payout ratio is currently 35.56%.

First BanCorp. Profile

(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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