First BanCorp. New – Consensus points to potential upside of 20.3%

First BanCorp. New with ticker code (FBP) now have a total of 5 analysts covering the stock. The consensus rating is buy. The range between the high target price and the low target price is between 19 and 16, if we calculate the middle target price we have 17.6. With the previous close at 14.63, this now points to a potential upside of 20.3%. The 50-day moving average is now at 14.45 and the 200-day moving average is now at 14.07. The company has a market capitalization of $2,720 million. You can visit the company’s website at https://www.1firstbank.com

The potential market cap would be $3,272 million based on the market consensus.

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First BanCorp. acts as the bank holding company for FirstBank Puerto Rico, which offers various financial services to individual, business and institutional customers. The Company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financing; and other products such as B. Cash Management and Executive Services. The Mortgage Banking segment is engaged in the origination, sale and management of various residential mortgage loans; buying and selling mortgages on the secondary markets; and buying mortgage loans from other local banks and mortgage lenders. The Consumer (Retail) Banking segment offers auto, boat, credit card and personal loans; lines of credit; deposit products consisting of interest-bearing and non-interest-bearing checking and savings accounts, individual retirement accounts, and certificates of deposit (CDs) for retail customers; and financial leasing and insurance agency services. The Treasury and Investments segment provides financing and liquidity management services. The United States Operations segment offers checking, savings and money market accounts, and retail CDs; traditional commercial and industrial loans and commercial real estate loans; and internet banking, cash management, remote deposit capture and automated clearing house and transaction services. The Virgin Islands Operations segment is engaged in consumer, commercial lending and deposit-taking businesses. The company operates 64 stores in Puerto Rico, 8 stores in the US Virgin Islands and British Virgin Islands, and 11 stores in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

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