First BanCorp. (NYSE:FBP) Reaches New 1-Year High – Here’s Why

Posted by Francis Steltz on Jul 3rd, 2026

First BanCorp. (NYSE:FBP – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $26.81 and last traded at $26.6850, with a volume of 686114 shares changing hands. The stock had previously closed at $26.07.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FBP shares. Truist Financial boosted their price target on First BanCorp. from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company increased their target price on shares of First BanCorp. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods lifted their target price on First BanCorp. from $24.50 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. Piper Sandler lifted their price objective on shares of First BanCorp. from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, First BanCorp. has an average rating of “Buy” and an average target price of $26.57.

View Our Latest Stock Report on First BanCorp.

First BanCorp. Trading Up 0.2%

The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.60 and a beta of 0.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. The company’s 50 day simple moving average is $24.57 and its two-hundred day simple moving average is $22.69.

First BanCorp. (NYSE:FBP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business 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 period in the prior year, the firm posted $0.47 earnings per share. As a group, research analysts anticipate that First BanCorp. will post 2.25 earnings per share for the current fiscal year.

First BanCorp. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were paid a $0.20 dividend. The ex-dividend date was Thursday, May 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. First BanCorp.’s dividend payout ratio (DPR) is 35.56%.

Institutional Investors Weigh In On First BanCorp.

Institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new position in shares of First BanCorp. in the fourth quarter valued at about $1,874,000. JPMorgan Chase & Co. grew its stake in shares of First BanCorp. by 15.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,407,825 shares of the bank’s stock worth $31,043,000 after purchasing an additional 184,769 shares during the period. Novem Group purchased a new position in shares of First BanCorp. during the 4th quarter valued at approximately $1,138,000. WINTON GROUP Ltd acquired a new stake in First BanCorp. during the fourth quarter valued at $5,222,000. Finally, SG Americas Securities LLC increased its holdings in First BanCorp. by 74.1% in the fourth quarter. SG Americas Securities LLC now owns 128,580 shares of the bank’s stock valued at $2,665,000 after buying an additional 54,713 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.