In a filing, First Bancorp PR revealed its EVP and COO Kafka Donald unloaded Company’s shares for reported $1.09 million on Jul 24 ’24. In the deal valued at $21.81 per share,50,000 shares were sold. As a result of this transaction, Kafka Donald now holds 174,589 shares worth roughly $3.81 million.
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Then, Power Carlos sold 5,277 shares, generating $95,054 in total proceeds. Upon selling the shares at $18.01, the EVP now owns 255,236 shares.
Before that, Berges Gonzalez Orlando sold 75,000 shares. First Bancorp PR shares valued at $1,343,902 were divested by the EVP and CFO at a price of $17.92 per share. As a result of the transaction, Berges Gonzalez Orlando now holds 277,020 shares, worth roughly $6.05 million.
Hovde Group reiterated its First Bancorp PR [FBP] rating to an Outperform in a research note published on July 24, 2024; the price target was $25. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering FBP and has decreased its forecast on December 15, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of FBP
On Friday, First Bancorp PR [NYSE:FBP] saw its stock jump 0.18% to $21.83. Over the last five days, the stock has gained 5.71%. First Bancorp PR shares have risen nearly 32.71% since the year began. Nevertheless, the stocks have risen 51.39% over the past one year. While a 52-week high of $22.06 was reached on 07/26/24, a 52-week low of $12.72 was recorded on 01/17/24. SMA at 50 days reached $18.45, while 200 days put it at $16.70. A total of 1.3 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 21.61, which if violated will result in even more drops to 21.38. On the upside, there is a resistance level at 22.09. A further resistance level may holdings at 22.34. The Relative Strength Index (RSI) on the 14-day chart is 76.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.74%. Stochastics%K at 90.55% indicates the stock is a selling.
The most recent change occurred on December 20, 2021 when Hovde Group began covering the stock and recommended ‘”an Outperform”‘ rating along with a $17 price target.
