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First Bancorp (NYSE:FBP) target bumped up to $6.00, issued a ratings update earlier today by Zacks Investment Research

Having a price of $5.17, First Bancorp (NYSE:FBP) traded -2.45% lower on the day. With the last close up 22.39% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FBP has recorded a 50-day average of $4.97 and a two hundred day average of $4.22. Trade Volume was down over the average, with 484,406 shares of FBP changing hands under the typical 495,375

Reporting a potential upside of 0.16%, Zacks Investment Research upped the price target of First Bancorp (NYSE:FBP) to $6.00

Recent Performance Chart

First Bancorp (NYSE:FBP)

First Bancorp has PE ratio of 14.86 with a one year low of $2.06 and a one year high of $5.49 and has a market capitalization of $0.

A total of 4 firms have reported on FBP. zero equity analysts rating the company a strong buy, two brokerages rating the company a buy, 1 firm rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month target of $5.19.

More 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, which consists of all banking activities conducted by the Bank.

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