First BanCorp. (NYSE:FBP) shares reached a new 52-week low on Thursday after TheStreet downgraded the stock from a b- rating to a c rating. The stock traded as low as $4.64 and last traded at $4.63, with a volume of 945132 shares changing hands. The stock had previously closed at $4.75.

Several other research firms have also recently weighed in on FBP. BidaskClub cut shares of First BanCorp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of First BanCorp. from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Tuesday, August 1st. ValuEngine raised shares of First BanCorp. from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Finally, Bank of America Corporation lowered their price target on shares of First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. First BanCorp. has a consensus rating of “Hold” and a consensus target price of $6.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in shares of First BanCorp. during the second quarter worth approximately $1,036,000. Schwab Charles Investment Management Inc. increased its holdings in shares of First BanCorp. by 6.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,895,617 shares of the bank’s stock worth $10,711,000 after purchasing an additional 120,993 shares during the period. Principal Financial Group Inc. increased its holdings in shares of First BanCorp. by 2.2% during the second quarter. Principal Financial Group Inc. now owns 1,242,829 shares of the bank’s stock worth $7,196,000 after purchasing an additional 27,262 shares during the period. Rock Point Advisors LLC increased its holdings in shares of First BanCorp. by 3.6% during the second quarter. Rock Point Advisors LLC now owns 949,705 shares of the bank’s stock worth $5,499,000 after purchasing an additional 32,630 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of First BanCorp. by 24.5% during the first quarter. Thrivent Financial For Lutherans now owns 90,253 shares of the bank’s stock worth $510,000 after purchasing an additional 17,750 shares during the period. 87.01% of the stock is currently owned by institutional investors.

The company has a market cap of $1,026.83, a price-to-earnings ratio of 9.90, a P/E/G ratio of 1.16 and a beta of 1.96. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.62.

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First BanCorp. Company Profile

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