Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Bancorp PR shares valued at $951,204 were sold by Power Carlos on Feb 05 ’25. At $20.77 per share, Power Carlos sold 45,797 shares. The insider’s holdings dropped to 186,543 shares worth approximately $3.5 million following the completion of this transaction.
Also, Power Carlos sold 10,321 shares, netting a total of over 214,161 in proceeds. Following the sale of shares at $20.75 each, the insider now holds 176,222 shares.
Before that, Heffern John A. had sold 15,000 shares from its account. In a trade valued at $308,007, the Director traded First Bancorp PR shares for $20.53 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $1.4 million.
As published in a research note from Hovde Group on October 25, 2024, First Bancorp PR [FBP] has been retained to an Outperform and the price target has been revised to $24. As of July 24, 2024, Hovde Group has reiterated its “an Outperform” rating for FBP. Earlier on July 09, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for FBP stock.
Analyzing FBP Stock Performance
During the last five days, there has been a drop of approximately -2.55%. Over the course of the year, First Bancorp PR shares have jumped approximately 0.86%. Shares of the company reached a 52-week high of $21.23 on 01/30/25 and a 52-week low of $17.95 on 01/13/25. A 50-day SMA is recorded $19.61, while a 200-day SMA reached $19.78.
Support And Resistance Levels for First Bancorp PR (FBP)
According to the 24-hour chart, there is a support level at 18.48, which, if violated, would cause prices to drop to 18.22. In the upper region, resistance lies at 18.99. The next price resistance is at 19.24. RSI (Relative Strength Index) is 34.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 87.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
