Nayda Rivera Sells 10,000 Shares of First BanCorp. (NYSE:FBP) Stock

Posted by on Aug 19th, 2026

First BanCorp. (NYSE:FBP – Get Free Report) EVP Nayda Rivera sold 10,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $29.59, for a total value of $295,900.00. Following the completion of the transaction, the executive vice president owned 240,398 shares of the company’s stock, valued at $7,113,376.82. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

First BanCorp. Price Performance

Shares of First BanCorp. stock traded down $0.91 during trading on Wednesday, hitting $28.45. 1,597,377 shares of the stock traded hands, compared to its average volume of 1,456,800. 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 stock has a market cap of $4.34 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.60 and a beta of 0.81. The firm’s fifty day moving average is $27.36 and its 200-day moving average is $24.30. First BanCorp. has a 52 week low of $19.16 and a 52 week high of $29.88.

First BanCorp. (NYSE:FBP – Get Free Report) last released its earnings results on Wednesday, July 22nd. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $264.86 million during the quarter, compared to the consensus estimate of $265.31 million. First BanCorp. had a return on equity of 18.03% and a net margin of 29.24%. Research analysts expect that First BanCorp. will post 2.4 EPS for the current fiscal year.

First BanCorp. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Thursday, August 27th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 27th. First BanCorp.’s payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of First BanCorp. from $26.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company upped their price target on shares of First BanCorp. from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Zacks Research raised First BanCorp. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded First BanCorp. from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 1st. Finally, Keefe, Bruyette & Woods boosted their target price on First BanCorp. from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, First BanCorp. has a consensus rating of “Buy” and an average target price of $29.38.

Get Our Latest Stock Analysis on FBP

Institutional Investors Weigh In On First BanCorp.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of First BanCorp. in the fourth quarter worth about $42,138,000. Boston Partners raised its position in First BanCorp. by 767.8% during the 3rd quarter. Boston Partners now owns 1,262,241 shares of the bank’s stock valued at $27,832,000 after purchasing an additional 1,116,791 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in First BanCorp. by 48.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,661,695 shares of the bank’s stock valued at $56,854,000 after purchasing an additional 871,860 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in First BanCorp. by 82.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank’s stock worth $29,878,000 after buying an additional 649,987 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in First BanCorp. by 31.6% in the 3rd quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank’s stock worth $50,365,000 after buying an additional 548,164 shares during the period. 97.91% of the stock is currently owned by institutional investors.

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.

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