Swiss National Bank Decreases Holdings in First BanCorp. (NYSE:FBP)

Swiss National Bank decreased its position in shares of First BanCorp. (NYSE:FBPGet Rating) by 0.4% in the second quarter, HoldingsChannel reports. The fund owned 484,400 shares of the bank’s stock after selling 1,800 shares during the quarter. Swiss National Bank’s holdings in First BanCorp. were worth $6,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FBP. Ellevest Inc. raised its holdings in shares of First BanCorp. by 91.4% in the second quarter. Ellevest Inc. now owns 3,320 shares of the bank’s stock worth $43,000 after buying an additional 1,585 shares during the last quarter. Strs Ohio raised its holdings in shares of First BanCorp. by 177.3% in the second quarter. Strs Ohio now owns 6,100 shares of the bank’s stock worth $78,000 after buying an additional 3,900 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of First BanCorp. by 121.0% in the second quarter. Lazard Asset Management LLC now owns 8,785 shares of the bank’s stock worth $113,000 after buying an additional 4,809 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of First BanCorp. by 8.4% in the second quarter. Nisa Investment Advisors LLC now owns 9,410 shares of the bank’s stock worth $121,000 after buying an additional 730 shares during the last quarter. Finally, Shay Capital LLC acquired a new stake in shares of First BanCorp. in the first quarter worth $131,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of First BanCorp. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

First BanCorp. Stock Up 0.3 %

NYSE:FBP opened at $15.22 on Thursday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 9.88, a PEG ratio of 0.90 and a beta of 1.17. First BanCorp. has a 1-year low of $11.94 and a 1-year high of $16.62. The company’s fifty day moving average price is $14.93 and its 200-day moving average price is $14.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.69 and a quick ratio of 0.69.

First BanCorp. (NYSE:FBPGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $239.60 million for the quarter, compared to analyst estimates of $237.86 million. First BanCorp. had a net margin of 32.11% and a return on equity of 18.29%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. As a group, equities research analysts anticipate that First BanCorp. will post 1.62 EPS for the current year.

First BanCorp. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.48 annualized dividend and a yield of 3.15%. First BanCorp.’s dividend payout ratio is presently 31.17%.

Insider Activity at First BanCorp.

In related news, EVP Nayda Rivera sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $15.81, for a total transaction of $316,200.00. Following the sale, the executive vice president now owns 231,948 shares in the company, valued at $3,667,097.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

About First BanCorp.

(Get Rating)

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

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

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