In a filing, First Bancorp PR revealed 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 $3.4 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 $1.36 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 Thursday, First Bancorp PR [NYSE:FBP] saw its stock jump 1.22% to $18.25. Over the last five days, the stock has gained 3.81%. First Bancorp PR shares have fallen nearly -1.83% since the year began. Nevertheless, the stocks have risen 12.03% 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 $18.91, 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 18.10, which if violated will result in even more drops to 17.95. On the upside, there is a resistance level at 18.37. A further resistance level may holdings at 18.48. The Relative Strength Index (RSI) on the 14-day chart is 49.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.92%. Stochastics %K at 55.66% 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.
