26,404 First BanCorp. $FBP Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in First BanCorp. (NYSE:FBP) by 46.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,991 shares of the bank’s stock after selling 26,404 shares during the period. State of Alaska Department of Revenue’s holdings in First BanCorp. were worth $816,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FBP. Fifth Third Bancorp raised its position in First BanCorp. by 64.9% during the 1st 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. Farther Finance Advisors LLC lifted its stake in shares of First BanCorp. by 161.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,041 shares of the bank’s stock worth $54,000 after acquiring an additional 1,261 shares during the period. Nykredit A S acquired a new stake in shares of First BanCorp. in the 2nd quarter worth $78,000. HB Wealth Management LLC acquired a new stake in shares of First BanCorp. in the 2nd quarter worth $217,000. Finally, Weiss Asset Management LP acquired a new stake in shares of First BanCorp. in the 1st quarter worth $347,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of First BanCorp. in a report on Thursday, August 27th. Zacks Research cut shares of First BanCorp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Raymond James Financial downgraded shares of First BanCorp. from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods raised their price objective on shares of First BanCorp. from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Finally, Benchmark boosted their target price on First BanCorp. from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.

Insiders Place Their Bets

In other First BanCorp. news, EVP Nayda Rivera sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $28.19, for a total transaction of $281,900.00. Following the sale, the executive vice president directly owned 230,398 shares in the company, valued at approximately $6,494,919.62. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roberto Herencia sold 26,350 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 610,669 shares in the company, valued at $17,391,853.12. This trade represents a 4.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 46,350 shares of company stock worth $1,328,248. 1.90% of the stock is owned by company insiders.

Key Headlines Impacting First BanCorp.

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

• Positive Sentiment: Third-quarter EPS was $0.63, exceeding the consensus estimate of $0.59 and increasing from $0.51 a year earlier. The bank reported an 18.03% return on equity and a 29.24% net margin. First BanCorp Q3 Earnings Surpass Estimates
• Positive Sentiment: First BanCorp. raised its quarterly dividend 25% to $0.25 per share, or $1.00 annualized, implying a yield of approximately 3.6%. The increase signals confidence in capital generation and may appeal to income-focused investors.
• Neutral Sentiment: Management held its third-quarter earnings call to discuss financial results and business trends with analysts. First BanCorp Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue was $260.12 million, below analysts’ $274.32 million estimate. The top-line shortfall suggests that earnings strength did not translate into broad-based revenue growth and is likely the main reason investors reacted cautiously. First BanCorp Reports Sales Below Estimates

First BanCorp. Price Performance

FBP stock opened at $27.32 on Friday. The firm has a 50 day moving average of $27.60 and a 200-day moving average of $26.23. First BanCorp. has a 12-month low of $19.16 and a 12-month high of $29.88. 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 company has a market cap of $4.17 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.04 and a beta of 0.84.

First BanCorp. (NYSE:FBP) last announced its quarterly earnings results on Thursday, October 22nd. The bank reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $260.12 million for the quarter, compared to analyst estimates of $274.21 million. First BanCorp. had a return on equity of 18.03% and a net margin of 29.24%. As a group, equities analysts expect that First BanCorp. will post 2.40 EPS for the current fiscal year.

First BanCorp. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 27th will be issued a dividend of $0.25 per share. This is a boost from First BanCorp.’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, November 27th. First BanCorp.’s payout ratio is presently 33.76%.

First BanCorp. Profile

First BanCorp. is a bank holding company headquartered in San Juan, Puerto Rico. Its principal subsidiary, FirstBank Puerto Rico, provides a broad range of financial products and services to individuals, businesses and government-related entities. The company’s offerings include consumer and commercial lending, residential mortgages, deposit accounts, cash-management services, credit cards, electronic banking and other financial solutions.

FirstBank serves customers through a network of branches, automated teller machines and digital banking channels.