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First Bancorp (NYSE:FBP) has been upgraded to Buy in a statement by TheStreet earlier today.

TheStreet has upgraded First Bancorp(NYSE:FBP) to Buy in a statement released on Wednesday August 17 2016.

Showing a price of $4.71, First Bancorp (NYSE:FBP) traded 0.64% higher on the day. With the last close up 19.95% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $4.66 and two hundred day average of $3.91. Volume of trade was was up over the average, with 1,346,135 shares of FBP changing hands over the typical 585,864 shares.

Performance Graph:

First Bancorp (NYSE:FBP)

First Bancorp has a 52 week low of $2.06 and a one-year high of $5.01 with a P/E ratio of 13. The company’s total market value is presently $0.0.

A total of 4 equity analysts have released a report on the stock. Zero rate the stock a strong buy, two analysts rate the stock a buy, one analyst rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with a consensus target price of $5.19

General Information About First Bancorp (NYSE:FBP)

First BanCorp. is a financial holding company. The Company serves as the bank holding company for FirstBank Puerto Rico (the Bank) and FirstBank Insurance Agency, Inc. Its segments include Commercial and Corporate Banking, which consists of its lending and other services for large customers represented by specialized and middle-market clients and the public sector; Consumer (Retail) Banking, which consists of its consumer lending and deposit-taking activities conducted through the Bank’s branch network in Puerto Rico; Mortgage Banking, which consists of the origination, sale, securitization and servicing of a range of residential mortgage loan products and hedging activities; Treasury and Investments, which offers treasury and investment management functions; United States Operations, which consists of all banking activities conducted by the Bank on the United States mainland, and Virgin Islands Operations, and which consists of all banking activities conducted by the Bank.

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