Wells Fargo & Company MN lifted its holdings in shares of First BanCorp. (NYSE:FBP) by 9.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,095 shares of the bank’s stock after buying an additional 10,778 shares during the period. Wells Fargo & Company MN owned 0.06% of First BanCorp. worth $735,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can grew its position in shares of First BanCorp. by 21.5% during the 2nd quarter. Bank of Montreal Can now owns 24,092 shares of the bank’s stock valued at $139,000 after buying an additional 4,256 shares during the last quarter. Pacad Investment Ltd. grew its position in shares of First BanCorp. by 63.7% during the 2nd quarter. Pacad Investment Ltd. now owns 25,700 shares of the bank’s stock valued at $149,000 after buying an additional 10,000 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of First BanCorp. by 1.4% during the 2nd quarter. LS Investment Advisors LLC now owns 26,044 shares of the bank’s stock valued at $151,000 after buying an additional 370 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of First BanCorp. by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 31,046 shares of the bank’s stock valued at $179,000 after buying an additional 13,776 shares during the last quarter. Finally, KCG Holdings Inc. grew its position in shares of First BanCorp. by 192.8% during the 1st quarter. KCG Holdings Inc. now owns 43,205 shares of the bank’s stock valued at $244,000 after buying an additional 28,447 shares during the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.

First BanCorp. (FBP) opened at $4.99 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1,112.36, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. First BanCorp. has a one year low of $4.65 and a one year high of $7.05.

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A number of equities research analysts recently weighed in on FBP shares. BidaskClub downgraded shares of First BanCorp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of First BanCorp. from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. First BanCorp. currently has a consensus rating of “Hold” and an average target price of $6.67.

First BanCorp. Profile

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

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