First Bancorp PR’s recently made public 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 $3.34 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 $1.33 million.
Wells Fargo upgraded its First Bancorp PR [FBP] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late October has reiterated a ‘”an Outperform”‘ rating for it. Hovde Group maintained its rating on July 24, 2024. It rated FBP as “an Outperform”.
Price Performance Review of FBP
On Monday, First Bancorp PR [NYSE:FBP] saw its stock jump 0.85% to $17.89. Over the last five days, the stock has gained 6.24%. First Bancorp PR shares have fallen nearly -3.77% since the year began. Nevertheless, the stocks have risen 6.62% over the past one year. While a 52-week high of $22.40 was reached on 01/30/25, a 52-week low of $16.25 was recorded on 04/07/25. SMA at 50 days reached $19.05, while 200 days put it at $19.87.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 17.52, which if violated will result in even more drops to 17.15. On the upside, there is a resistance level at 18.19. A further resistance level may holdings at 18.49. The Relative Strength Index (RSI) on the 14-day chart is 44.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.85%. Stochastics %K at 39.60% 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 2025-03-31, dropping by -0.99 million shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.9 million shares. There was a decline of -33.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 09, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $21 price target.
