First BanCorp. (NYSE:FBP) Director Sells 26,350 Shares

September 5, 2026 by InsiderTrades.com

Key Points

Director Roberto Herencia sold 26,350 First BanCorp. shares at an average price of $28.48, generating $750,448 and reducing his stake by 4.14% to 610,669 shares.
First BanCorp. reported quarterly EPS of $0.62, exceeding estimates of $0.54, while revenue came in at $264.86 million. The bank also declared a quarterly dividend of $0.20, equivalent to a 2.8% annualized yield.
Analyst sentiment remains positive, with a consensus “Buy” rating and a $29.38 target price; institutional investors own 97.91% of the company’s stock.

First BanCorp. (NYSE:FBP - Get Free Report) Director Roberto Herencia sold 26,350 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $28.48, for a total value of $750,448.00. Following the transaction, the director owned 610,669 shares in the company, valued at approximately $17,391,853.12. This trade represents a 4.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First BanCorp. Price Performance

Shares of First BanCorp. stock opened at $28.54 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $28.04 and a 200-day simple moving average of $24.79. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.53 and a beta of 0.80. First BanCorp. has a 1-year low of $19.16 and a 1-year high of $29.88.

First BanCorp. (NYSE:FBP - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The business had revenue of $264.86 million for the quarter, compared to analyst estimates of $265.31 million. First BanCorp. had a net margin of 29.24% and a return on equity of 18.03%. On average, sell-side analysts expect that First BanCorp. will post 2.4 earnings per share for the current year.

First BanCorp. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Thursday, August 27th will be paid a $0.20 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. First BanCorp.'s payout ratio is presently 33.76%.

Institutional Investors Weigh In On First BanCorp.

Several large investors have recently made changes to their positions in FBP. California State Teachers Retirement System increased its position in shares of First BanCorp. by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 151,294 shares of the bank's stock worth $3,151,000 after purchasing an additional 529 shares in the last quarter. Corient Private Wealth LP grew its stake in First BanCorp. by 3.0% during the second quarter. Corient Private Wealth LP now owns 18,382 shares of the bank's stock worth $479,000 after buying an additional 536 shares during the last quarter. Fifth Third Bancorp grew its stake in First BanCorp. by 64.9% during the first quarter. Fifth Third Bancorp now owns 1,423 shares of the bank's stock worth $30,000 after buying an additional 560 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of First BanCorp. by 1.9% during the first quarter. Measured Wealth Private Client Group LLC now owns 35,979 shares of the bank's stock worth $769,000 after buying an additional 656 shares in the last quarter. Finally, Baron Wealth Management LLC increased its holdings in shares of First BanCorp. by 7.1% during the first quarter. Baron Wealth Management LLC now owns 15,207 shares of the bank's stock worth $325,000 after buying an additional 1,011 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial lifted their price target on First BanCorp. from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Weiss Ratings reiterated a "buy (a-)" rating on shares of First BanCorp. in a research note on Thursday, August 27th. Raymond James Financial raised their price target on shares of First BanCorp. from $27.00 to $32.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of First BanCorp. from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Benchmark increased their target price on shares of First BanCorp. from $31.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $29.38.

View Our Latest Analysis on FBP

First BanCorp. Company Profile

(Get Free Report)

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.