First BanCorp. (NYSE:FBP – Get Free Report) is one of 919 public companies in the “Banks” industry, but how does it weigh in compared to its competitors? We will compare First BanCorp. to similar businesses based on the strength of its earnings, risk, dividends, analyst recommendations, institutional ownership, profitability and valuation.
Analyst Recommendations
This is a breakdown of current ratings for First BanCorp. and its competitors, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| First BanCorp. | 0 | 3 | 4 | 2 | 2.89 |
| First BanCorp. Competitors | 7490 | 30232 | 27819 | 1480 | 2.35 |
First BanCorp. presently has a consensus price target of $30.00, suggesting a potential upside of 14.76%. As a group, “Banks” companies have a potential upside of 14.22%. Given First BanCorp.’s stronger consensus rating and higher possible upside, research analysts plainly believe First BanCorp. is more favorable than its competitors.
Risk & Volatility
First BanCorp. has a beta of 0.85, meaning that its stock price is 15% less volatile than the S&P 500. Comparatively, First BanCorp.’s competitors have a beta of 0.61, meaning that their average stock price is 39% less volatile than the S&P 500.
Insider and Institutional Ownership
97.9% of First BanCorp. shares are owned by institutional investors. Comparatively, 47.8% of shares of all “Banks” companies are owned by institutional investors. 1.9% of First BanCorp. shares are owned by insiders. Comparatively, 9.7% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Dividends
First BanCorp. pays an annual dividend of $0.80 per share and has a dividend yield of 3.1%. First BanCorp. pays out 33.8% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 8.9% and pay out 28.9% of their earnings in the form of a dividend. First BanCorp. has raised its dividend for 6 consecutive years. First BanCorp. lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.
Earnings & Valuation
This table compares First BanCorp. and its competitors revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| First BanCorp. | $1.26 billion | $344.87 million | 11.03 |
| First BanCorp. Competitors | $9.95 billion | $2.42 billion | 21.49 |
First BanCorp.’s competitors have higher revenue and earnings than First BanCorp.. First BanCorp. is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Profitability
This table compares First BanCorp. and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| First BanCorp. | 28.67% | 18.87% | 1.92% |
| First BanCorp. Competitors | 15.65% | 9.43% | 0.93% |
Summary
First BanCorp. beats its competitors on 9 of the 15 factors compared.
First BanCorp. Company Profile
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans, as well as other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; and purchase of mortgage loans from branch and mortgage bankers. The Consumer (Retail) Banking segment provides auto loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans, residential mortgages, term and construction loan, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
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