First BanCorp. $FBP Shares Sold by ProShare Advisors LLC

Posted by on May 28th, 2026

ProShare Advisors LLC lessened its holdings in shares of First BanCorp. (NYSE:FBP – Free Report) by 49.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,915 shares of the bank’s stock after selling 29,949 shares during the period. ProShare Advisors LLC’s holdings in First BanCorp. were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 acquiring an additional 1,129 shares in the last quarter. First Horizon Corp acquired a new stake in shares of First BanCorp. during the 4th quarter worth about $40,000. Hantz Financial Services Inc. raised its position in shares of First BanCorp. by 1,695.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,155 shares of the bank’s stock worth $48,000 after acquiring an additional 2,035 shares in the last quarter. 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 acquiring an additional 2,262 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of First BanCorp. during the 4th quarter worth about $96,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FBP shares. Wells Fargo & Company raised their target price on First BanCorp. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Piper Sandler raised their price target on First BanCorp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial raised 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. Keefe, Bruyette & Woods raised their price target 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. Finally, Hovde Group raised their price target on First BanCorp. from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.86.

Get Our Latest Stock Analysis on First BanCorp.

First BanCorp. Trading Down 1.0%

NYSE:FBP opened at $24.21 on Thursday. The stock’s 50 day moving average price is $22.83 and its 200 day moving average price is $21.77. The company has a market capitalization of $3.74 billion, a PE ratio of 10.76, a P/E/G ratio of 1.47 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. First BanCorp. has a 52-week low of $19.16 and a 52-week high of $24.64.

First BanCorp. (NYSE:FBP – Get Free Report) last released 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. First BanCorp. had a return on equity of 17.51% and a net margin of 28.31%.The firm 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. On average, research analysts anticipate that First BanCorp. will post 2.25 EPS for the current year.

First BanCorp. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 28th. First BanCorp.’s dividend payout ratio (DPR) is 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.

Featured Articles

Want to see what other hedge funds are holding FBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First BanCorp. (NYSE:FBP – Free Report).

Institutional Ownership by Quarter for First BanCorp. (NYSE:FBP)

Receive News & Ratings for First BanCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First BanCorp. and related companies with MarketBeat.com's FREE daily email newsletter.