On Thursday, investors received a note from the investment analysts at StockNews.com announcing that the company, First Bancorp (NYSE: FBP), would be one of the companies they would be covered going forward.
The company is encouraged to “hold” onto the financial institution’s stock as part of its investment strategy.
On Friday, January 27th, the most recent quarterly earnings report for First Bancorp (NYSE: FBP) was made public for shareholders to view.
The bank’s earnings for the quarter came in at $0.40, which was $0.05 lower than the average estimate of $0.41 for the amount that should have been earned. First, Bancorp had a margin of 31.85% and a return on equity of 20.58%. First Bancorp also had a return on equity of 20.58%.
Earnings per share for the company were $0.36 for the same period last year compared to the same period.
Equity analysts agree that First Bancorp will generate earnings of 1.53 cents per share in 2018, and this is the forecast that has been made public.
When trading started on Thursday, one share of First Bancorp stock went for $11.61 per share.
The company has had a simple moving average of 13.63 dollars over the past fifty days and a simple moving average of 14.14 dollars over the past two hundred days.
The stock has a price-to-earnings ratio of 7.30, a price-to-earnings-to-growth ratio of 1.90, and a beta value of 1.15.
These ratios measure how expensive the stock is to its future earnings potential.
The company’s total value, as measured by its market capitalization, is $2.10 billion. Since the beginning of the first BanCorpo year, the stock price has ranged from a low of $11.31 to a high of $16.40.
The values of the debt-to-equity ratio, current, and quick ratio are all the same and equal to 0.72.
Separately, in a research report published on December 15th, Wells Fargo & Company announced that it was lowering its recommendation for First Bancorp shares, moving them from “overweight” to “equal weight.”
In related news, Company Director John A. Heffern purchased 3,000 shares of the company’s stock on March 15th.
This information is relevant to this topic.
The shares cost was determined to be a total investment of $34,830.00 because they were purchased at an average price of $11.61 each.
After the completion of the transaction, the director now owns 84,895 shares, and given the current market price of those shares, the director’s total investment in the company amounts to $985,630.95.
By following the link, which will take you to a legal file submitted to the SEC, you can obtain additional information regarding the acquisition. 2.10 employees and other company insiders currently hold a percent of the company’s ownership.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios.
The amount of First Bancorp stock that Principal Financial Group INC owned as of the second quarter increased by 4.9% thanks to this company’s recent stock purchase.
Principal Financial Group INC now owns 1,415,046 shares of the bank’s stock, currently valued at $18,269,000, after purchasing an additional 66,658 shares during the most recent quarter.
Maven Securities Ltd increased the proportion of First Bancorp shares it owned by 62.2% during the third quarter.
Maven Securities LTD now holds 60,256 shares of the bank’s stock, which has a value of $824,000, following the acquisition of an additional 23,100 shares during the most recent fiscal quarter.
This brings the total number of shares held by the company to 60,256.
During the second quarter, Jacobs Asset Management LLC completed a 4.8% increase in the proportion of First Bancorp stock owned by the company. Jacobs Asset Management LLC now has 450,000 shares of the bank’s company, currently valued at $5,810,000, after purchasing an additional 20,600 shares during the most recent quarter.
This brings the total number of shares that the company owns to 450,000.
AXA S.A.
Invested in First Bancorp’s shares totaling $3,259,000 during the third quarter of the fiscal year.
To keep pace with its competitors, Algert Global LLC increased its stake in First Bancorp by 6.6% during the third quarter of the current fiscal year.
Algert Global LLC now has 294,880 shares in its bank account after purchasing an additional 18,356 shares during the most recent quarter for a total of 294,880.
The current value of these shares, when traded on the market, is $4,034,000.
At present, institutional investors and hedge funds own 94.38% of the total number of shares issued by the company.