In a filing, First Bancorp PR revealed its EVP McDonald Michael unloaded Company’s shares for reported $41815.0 on Sep 03 ’24. In the deal valued at $21.51 per share,1,944 shares were sold. As a result of this transaction, McDonald Michael now holds 87,476 shares worth roughly $1.81 million.
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Then, McDonald Michael sold 7,612 shares, generating $164,800 in total proceeds. Upon selling the shares at $21.65, the EVP now owns 89,420 shares.
Before that, Frye Daniel Edward bought 7,662 shares. First Bancorp PR shares valued at $165,729 were divested by the Director at a price of $21.63 per share.
A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Raymond James began covering FBP with “an Outperform” recommendation on July 09, 2024. Wells Fargo revised its rating on December 15, 2022. It rated FBP as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of FBP
On Monday, First Bancorp PR [NYSE:FBP] saw its stock unchanged to $20.66. Over the last five days, the stock has gained 2.23%. First Bancorp PR shares have risen nearly 25.59% since the year began. Nevertheless, the stocks have risen 56.52% over the past one year. While a 52-week high of $22.12 was reached on 07/26/24, a 52-week low of $12.72 was recorded on 01/17/24. SMA at 50 days reached $20.65, while 200 days put it at $17.96.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 20.50, which if violated will result in even more drops to 20.34. On the upside, there is a resistance level at 20.80. A further resistance level may holdings at 20.94. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.51%. Stochastics %K at 68.27% indicates the stock is a holding.
How much short interest is there in First Bancorp PR?
A steep rise in short interest was recorded in First Bancorp PR stocks on 2024-08-30, growing by 0.26 million shares to a total of 2.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.21 million shares. There was a rise of 10.48%, which implies that there is a positive sentiment for the stock.
