5.6% Stake of First BanCorp. (FBP) Maintained by POINT72 ASSET MANAGEMENT, L.P. Total Shares: 12,116,593
POINT72 ASSET MANAGEMENT, L.P.
recently stated that they own 5.6% of First BanCorp. (NYSE:FBP) in a Form 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, December 13th. The investor owns 12,116,593 shares of the stock valued at approximately $61,552,292. The reporting parties listed on the disclosure included Point72 Asset Management, LP, Point72 Capital Advisors, Inc, Cubist Systematic Strategies, LLC and Steven A Cohen. The filing is available through EDGAR at this link.
Several other large investors also recently added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in First BanCorp. by 36.3% in the 2nd quarter. Amalgamated Bank now owns 22,481 shares of the bank’s stock worth $130,000 after acquiring an additional 5,989 shares during the last quarter. Bank of Montreal Can increased its stake in First BanCorp. by 21.5% in the 2nd quarter. Bank of Montreal Can now owns 24,092 shares of the bank’s stock worth $139,000 after acquiring an additional 4,256 shares during the last quarter. Pacad Investment Ltd. increased its stake in First BanCorp. by 63.7% in the 2nd quarter. Pacad Investment Ltd. now owns 25,700 shares of the bank’s stock worth $149,000 after acquiring an additional 10,000 shares during the last quarter. Profund Advisors LLC increased its stake in First BanCorp. by 15.2% in the 2nd quarter. Profund Advisors LLC now owns 30,661 shares of the bank’s stock worth $178,000 after acquiring an additional 4,052 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in First BanCorp. in the 2nd quarter worth about $199,000. Institutional investors own 90.37% of the company’s stock.
Shares of First BanCorp. (NYSE FBP) traded down $0.01 during trading on Wednesday, hitting $5.08. The stock had a trading volume of 2,973,400 shares, compared to its average volume of 1,626,286. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $1,100.33, a price-to-earnings ratio of 10.60, a PEG ratio of 2.74 and a beta of 1.92. First BanCorp. has a 12-month low of $4.48 and a 12-month high of $7.05.
A number of equities analysts have weighed in on FBP shares. Zacks Investment Research upgraded First BanCorp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Thursday, October 12th. TheStreet lowered First BanCorp. from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Bank of America decreased their target price on First BanCorp. from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. ValuEngine upgraded First BanCorp. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $7.50 target price on shares of First BanCorp. in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.50.
First BanCorp. Company Profile
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