In a filing, First Bancorp PR revealed its Director Heffern John A. unloaded Company’s shares for reported $0.31 million on Nov 29 ’24. In the deal valued at $20.53 per share,15,000 shares were sold. As a result of this transaction, Heffern John A. now holds 74,570 shares worth roughly $1.53 million.
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Then, Kafka Donald sold 80,000 shares, generating $1,751,480 in total proceeds. Upon selling the shares at $21.89, the EVP and COO now owns 94,589 shares.
Before that, Donald L. Kafka bought 80,000 shares. First Bancorp PR shares valued at $1,728,000 were divested by the Officer at a price of $21.60 per share.
Hovde Group reiterated its First Bancorp PR [FBP] rating to an Outperform in a research note published on October 25, 2024; the price target was $24. Hovde Group also remained covering FBP and reiterated its “an Outperform” recommendation on July 24, 2024. Raymond James started covering the stock on July 09, 2024. It rated FBP as “an Outperform”.
Price Performance Review of FBP
On Monday, First Bancorp PR [NYSE:FBP] saw its stock fall -0.34% to $20.51. Over the last five days, the stock has lost -0.92%. First Bancorp PR shares have risen nearly 24.68% since the year began. Nevertheless, the stocks have risen 28.99% over the past one year. While a 52-week high of $22.40 was reached on 11/06/24, a 52-week low of $15.15 was recorded on 01/17/24. SMA at 50 days reached $20.53, while 200 days put it at $19.08.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 20.41, which if violated will result in even more drops to 20.30. On the upside, there is a resistance level at 20.67. A further resistance level may holdings at 20.82. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.94%. Stochastics %K at 10.26% indicates the stock is a buying.
How much short interest is there in First Bancorp PR?
A steep rise in short interest was recorded in First Bancorp PR stocks on 2024-11-15, dropping by -0.36 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.09 million shares. There was a decline of -13.01%, which implies that there is a negative sentiment for the stock.
