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First BanCorp. (FBP): These Shares are Poised for Major Movement

At the end of the latest market close, First BanCorp. (FBP) was valued at $11.97. In that particular session, Stock kicked-off at the price of $11.50 while reaching the peak value of $11.88 and lowest value recorded on the day was $11.31. The stock current value is $11.61.Recently in News on February 9, 2023, First BanCorp Declares Quarterly Cash Dividend on Common Stock and Increases Regular Quarterly Cash Dividend by 17% to $0.14 Per Share. First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, which represents an increase of 17% or $0.02 per common share compared to its most recent dividend paid in December 2022. The dividend is payable on March 10, 2023 to shareholders of record at the close of business on February 24, 2023. You can read further details here

First BanCorp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $16.40 on 08/16/22, with the lowest value was $11.31 for the same time period, recorded on 03/15/23.

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First BanCorp. (FBP) full year performance was -9.86%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, First BanCorp. shares are logging -29.21% during the 52-week period from high price, and 0.39% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $11.56 and $16.40.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 3368879 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the First BanCorp. (FBP) recorded performance in the market was -8.73%, having the revenues showcasing -17.54% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.10B, as it employees total of 3133 workers.

Market experts do have their say about First BanCorp. (FBP)

During the last month, 0 analysts gave the First BanCorp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 14.04, with a change in the price was noted -4.14. In a similar fashion, First BanCorp. posted a movement of -26.29% for the period of last 100 days, recording 1,405,695 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FBP is recording 0.14 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.14.

Technical breakdown of First BanCorp. (FBP)

Raw Stochastic average of First BanCorp. in the period of last 50 days is set at 9.03%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 9.03%. In the last 20 days, the company’s Stochastic %K was 12.90% and its Stochastic %D was recorded 14.94%.

Bearing in mind the latest performance of First BanCorp., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -8.73%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -18.53%, alongside a downfall of -9.86% for the period of the last 12 months. The shares increased approximately by -12.58% in the 7-day charts and went up by -18.01% in the period of the last 30 days. Common stock shares were lifted by -17.54% during last recorded quarter.

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