Research Analysts’ Recent Ratings Updates for First BanCorp. (FBP)

Several brokerages have updated their recommendations and price targets on shares of First BanCorp. (NYSE: FBP) in the last few weeks:

• 8/10/2026 – First BanCorp. had its price target raised by Wells Fargo & Company from $28.00 to $33.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – First BanCorp. was upgraded by Wells Fargo & Company to “strong-buy”.
• 7/23/2026 – First BanCorp. had its price target raised by Benchmark Co. from $31.00 to $33.00. They now have a “buy” rating on the stock.
• 7/23/2026 – First BanCorp. was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/23/2026 – First BanCorp. had its price target raised by Keefe, Bruyette & Woods from $27.00 to $31.00. They now have a “market perform” rating on the stock.
• 7/15/2026 – First BanCorp. is now covered by Benchmark Co.. They set a “buy” rating and a $31.00 price target on the stock.
• 7/14/2026 – First BanCorp. is now covered by Benchmark Co.. They set a “buy” rating and a $31.00 price target on the stock.
• 7/13/2026 – First BanCorp. had its price target raised by Truist Financial Corporation from $26.00 to $30.00. They now have a “buy” rating on the stock.
• 7/6/2026 – First BanCorp. had its price target raised by Wells Fargo & Company from $26.00 to $28.00. They now have an “overweight” rating on the stock.
• 7/1/2026 – First BanCorp. had its price target raised by Raymond James Financial, Inc. from $27.00 to $32.00. They now have a “strong-buy” rating on the stock.

First BanCorp. Announces Dividend

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

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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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