New insider activity at First Bancorp Puerto Rico ( (FBP) ) has taken place on February 8, 2025.
EVP Carlos Power recently sold 56,118 shares of First Bancorp Puerto Rico stock, generating a total sale worth $1,165,364.
Recent Updates on FBP stock
First BanCorp Puerto Rico has recently made strategic leadership changes as part of a reorganization aimed at enhancing operational efficiency and customer experience, including the promotion of Nayda Rivera to Chief Consumer Officer and Corporate Chief of Staff. The company reported strong Q4 earnings with a net income of $76 million, achieving record revenue and growth in loan and deposit figures, although it faces challenges with higher credit loss provisions and consumer credit weaknesses. Despite these issues, the positive economic outlook and strategic growth initiatives have led to an increased price target by Keefe Bruyette, reflecting confidence in the company’s financial health and potential for continued growth. The earnings call highlighted a 13% dividend increase and plans for further capital deployment, underscoring First BanCorp’s robust financial position and commitment to shareholder returns.
More about First Bancorp Puerto Rico
YTD Price Performance: 14.81%
Average Trading Volume: 1,011,125
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.45B