First Bancorp PR’s recent filing unveils that its EVP Power Carlos unloaded Company’s shares for reported $0.95 million on Feb 05 ’25. In the deal valued at $20.77 per share,45,797 shares were sold. As a result of this transaction, Power Carlos now holds 186,543 shares worth roughly $3.84 million.
Then, Power Carlos sold 10,321 shares, generating $214,161 in total proceeds. Upon selling the shares at $20.75, the EVP now owns 176,222 shares.
Before that, Heffern John A. sold 15,000 shares. First Bancorp PR shares valued at $308,007 were divested by the Director at a price of $20.53 per share. As a result of the transaction, Heffern John A. now holds 74,570 shares, worth roughly $1.54 million.
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 -1.15% to $20.60. Over the last five days, the stock has gained 1.98%. First Bancorp PR shares have risen nearly 10.81% since the year began. Nevertheless, the stocks have risen 25.00% over the past one year. While a 52-week high of $22.40 was reached on 01/30/25, a 52-week low of $16.12 was recorded on 01/13/25. SMA at 50 days reached $19.79, while 200 days put it at $19.62.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 20.47, 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 21.00. The Relative Strength Index (RSI) on the 14-day chart is 55.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.95%. Stochastics %K at 76.89% 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 2024-12-31, growing by 1.53 million shares to a total of 5.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.92 million shares. There was a rise of 28.07%, which implies that there is a positive sentiment for the stock.
