Truist Financial Issues Positive Forecast for First BanCorp. (NYSE:FBP) Stock Price

First BanCorp. (NYSE:FBP) had its target price boosted by stock analysts at Truist Financial from $24.00 to $25.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Truist Financial’s price target points to a potential upside of 14.04% from the stock’s current price.

Several other brokerages have also recently issued reports on FBP. Wells Fargo & Company dropped their target price on First BanCorp. from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of First BanCorp. in a research note on Thursday, January 22nd. Piper Sandler initiated coverage on First BanCorp. in a research report on Thursday, January 15th. They set a “neutral” rating and a $23.00 price objective on the stock. UBS Group set a $25.00 price target on shares of First BanCorp. in a research report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of First BanCorp. from $24.00 to $24.50 and gave the stock a “market perform” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

First BanCorp. Trading Up 0.2%

FBP traded up $0.04 during trading on Thursday, hitting $21.92. 301,120 shares of the stock were exchanged, compared to its average volume of 1,400,017. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a 50 day simple moving average of $20.91 and a 200 day simple moving average of $21.10. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.22 and a beta of 0.88. First BanCorp. has a 1 year low of $16.40 and a 1 year high of $22.60.

First BanCorp. (NYSE:FBP) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. First BanCorp. had a return on equity of 17.33% and a net margin of 27.48%.The firm had revenue of $257.17 million during the quarter, compared to the consensus estimate of $256.18 million. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, equities analysts expect that First BanCorp. will post 1.85 EPS for the current year.

Institutional Trading of First BanCorp.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBP. GAMMA Investing LLC acquired a new stake in First BanCorp. during the second quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of First BanCorp. by 151.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,873 shares of the bank’s stock worth $39,000 after acquiring an additional 1,129 shares in the last quarter. First Horizon Corp acquired a new stake in shares of First BanCorp. during the 4th quarter valued at about $40,000. Hantz Financial Services Inc. increased its stake in shares of First BanCorp. by 1,695.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,155 shares of the bank’s stock valued at $48,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of First BanCorp. by 328.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Key Headlines Impacting First BanCorp.

Here are the key news stories impacting First BanCorp. this week:

• Positive Sentiment: Q4 results beat expectations — EPS and revenue came in ahead of consensus, with healthy net margins and strong return on equity, supporting the upgraded view of near-term profitability. First BanCorp (FBP) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Management pushed a clear capital-return agenda: a dividend hike plus continued share buybacks (characterized as “record” in coverage), which boosts shareholder yield and reduces float — a direct positive for the stock. A Look At First BanCorp (FBP) Valuation After Record Results Dividend Hike And Share Buybacks
• Positive Sentiment: 2026 operating outlook: management expects 3–5% organic loan growth and a policy to return 100% of earnings to shareholders (dividends + buybacks), which signals confidence in cash generation and supports valuation. First BanCorp outlines 3–5% organic loan growth and 100% earnings return
• Positive Sentiment: Analysts raised price targets — Hovde lifted its target to $26 (Outperform) and Keefe, Bruyette & Woods raised to $24.50 (Market Perform). Upgrades and target lifts increase analyst support and can attract buyers. Benzinga note on KBW price target
• Neutral Sentiment: Detailed earnings call materials and transcripts were posted (slides and call transcript) — useful for modeling and due diligence but not a direct price trigger by themselves. Q4 results presentation Q4 earnings call transcript
• Neutral Sentiment: Analyst coverage pieces and metric comparisons (Zacks, deep-dive posts) provide context on credit quality, deposit trends and capital ratios — useful for longer-term assessment but incremental for intraday moves. Zacks Q4 metrics analysis
• Negative Sentiment: Not all analysts turned bullish — a Market Perform rating from KBW suggests some see limited near-term upside; plus the stock trades near its 52-week high, which may cap momentum absent stronger guidance or broader bank-sector tailwinds. Benzinga note on KBW rating

First BanCorp. Company Profile

First BanCorp (NYSE: FBP) is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.