First BanCorp. New – Consensus indicates potential increase of 96.0%

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First BanCorp. New found using ticker (FBP) now have 3 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price varies between 48.5 and 15 by calculating the average target price that we see 26.17. Given that the shares’ previous close was at 13.35, this indicates that there is a potential upside of 96.0%. The 50 day moving average is 12.56 and the 200 moving average now goes to 12.21. The company’s market capitalization is $ 2,777 million. You can visit the company’s website by visiting: http://www.1firstbank.com

First BanCorp. operates as a banking holding company for FirstBank Puerto Rico which provides a range of financial products and services to retail, commercial and institutional clients. The company operates in six segments: commercial and corporate banking, mortgage banking, consumer (retail) banking, treasury and investments, operations in the United States and operations in the Virgin Islands. The Commercial and Commercial Banking segment provides commercial and construction real estate loans, floor plan financing, and corporate and treasury management services. The Mortgage Banking segment is engaged in the creation, sale and service of various residential mortgage loan products and related hedging activities; and the acquisition and sale of mortgages in secondary markets. The consumer (retail) banking segment provides auto, boat and personal loans; credit card; Lines of credit; deposit products including interest-bearing and non-interest-bearing chequing and savings accounts, individual retirement accounts and retail certificates of deposit (CDs); leasing and insurance services. The Treasury and Investments segment is engaged in treasury and investment management activities, such as financing and liquidity management. The US Operations segment offers savings, checking and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit and term loans, as well as internet banking, cash management, remote data entry and automated room transaction services. compensation. The Virgin Islands Operations segment is involved in consumer, commercial lending and deposit activities. As of December 31, 2020, the company operated 73 branches in Puerto Rico, 11 branches in the US and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.

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