First BanCorp. (NYSE:FBP) Hits New 52-Week High – Time to Buy?

Posted by on Aug 13th, 2026

First BanCorp. (NYSE:FBP – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.49 and last traded at $29.3970, with a volume of 25639 shares. The stock had previously closed at $29.21.

Analyst Ratings Changes

Several research firms have commented on FBP. Benchmark boosted their price target on shares of First BanCorp. from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Truist Financial increased their price objective on First BanCorp. from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Weiss Ratings upgraded First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 1st. Zacks Research upgraded First BanCorp. from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on First BanCorp. from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday. Four research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First BanCorp. presently has an average rating of “Buy” and a consensus price target of $29.38.

Get Our Latest Stock Report on First BanCorp.

First BanCorp. Stock Up 0.5%

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $4.48 billion, a PE ratio of 12.40, a P/E/G ratio of 1.56 and a beta of 0.81. The business’s 50 day moving average is $26.96 and its 200-day moving average is $24.07.

First BanCorp. (NYSE:FBP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. First BanCorp. had a net margin of 29.24% and a return on equity of 18.03%. The company had revenue of $264.86 million for the quarter, compared to the consensus estimate of $265.31 million. As a group, analysts predict that First BanCorp. will post 2.4 EPS for the current year.

First BanCorp. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Thursday, August 27th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. First BanCorp.’s payout ratio is presently 33.76%.

Hedge Funds Weigh In On First BanCorp.

Large investors have recently bought and sold shares of the business. Baron Wealth Management LLC raised its stake in First BanCorp. by 22.0% in the second quarter. Baron Wealth Management LLC now owns 18,551 shares of the bank’s stock valued at $484,000 after buying an additional 3,344 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of First BanCorp. during the 1st quarter worth about $3,078,000. Bank of America Corp DE increased its holdings in shares of First BanCorp. by 22.1% in the 1st quarter. Bank of America Corp DE now owns 1,630,778 shares of the bank’s stock valued at $34,833,000 after acquiring an additional 294,888 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of First BanCorp. by 46.9% in the 1st quarter. Edgestream Partners L.P. now owns 607,965 shares of the bank’s stock valued at $12,986,000 after acquiring an additional 193,981 shares during the last quarter. Finally, Amundi raised its position in shares of First BanCorp. by 64.8% during the 1st quarter. Amundi now owns 59,011 shares of the bank’s stock worth $1,261,000 after acquiring an additional 23,201 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

First BanCorp. Company Profile

(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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