Oregon Public Employees Retirement Fund Purchases 1,500 Shares of First Bancorp (NYSE:FBP)

Oregon Public Employees Retirement Fund grew its position in First Bancorp (NYSE:FBP) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,636 shares of the bank’s stock after acquiring an additional 1,500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in First Bancorp were worth $945,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in shares of First Bancorp in the first quarter valued at approximately $40,000. Brandywine Oak Private Wealth LLC acquired a new stake in shares of First Bancorp in the first quarter valued at approximately $116,000. First Republic Investment Management Inc. acquired a new stake in shares of First Bancorp in the first quarter valued at approximately $119,000. Squarepoint Ops LLC acquired a new stake in shares of First Bancorp in the fourth quarter valued at approximately $127,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of First Bancorp in the first quarter valued at approximately $156,000. Institutional investors own 89.81% of the company’s stock.

FBP traded up $0.06 during trading on Thursday, reaching $9.74. 5,107 shares of the company’s stock were exchanged, compared to its average volume of 1,394,938. The firm has a fifty day moving average of $10.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.03 and a quick ratio of 1.03. First Bancorp has a fifty-two week low of $7.91 and a fifty-two week high of $11.94. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.16 and a beta of 1.53.

First Bancorp (NYSE:FBP) last released its earnings results on Tuesday, July 23rd. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). First Bancorp had a return on equity of 7.73% and a net margin of 29.83%. The business had revenue of $164.77 million for the quarter, compared to analyst estimates of $169.10 million. During the same period in the prior year, the firm posted $0.14 EPS. Equities research analysts forecast that First Bancorp will post 0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, August 28th. First Bancorp’s dividend payout ratio is presently 19.35%.

FBP has been the subject of a number of analyst reports. ValuEngine lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Zacks Investment Research raised shares of First Bancorp from a “sell” rating to a “hold” rating in a report on Monday.

About First Bancorp

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

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Institutional Ownership by Quarter for First Bancorp (NYSE:FBP)

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