Wells Fargo upgrades First Bancorp PR (FBP) stock to an Overweight

First Bancorp PR’s recent filing unveils that its former officer PANCHAM CASSAN acquired Company’s shares for reported $2.08 million on Jun 26 ’25. In the deal valued at $21.04 per share,99,000 shares were bought.

Then, ALEMAN AURELIO sold 22,871 shares, generating $469,352 in total proceeds. Upon selling the shares at $20.52, the President and CEO now owns 1,109,547 shares.

Before that, HERENCIA ROBERTO R sold 14,738 shares. First Bancorp PR shares valued at $300,912 were divested by the Director at a price of $20.42 per share. As a result of the transaction, HERENCIA ROBERTO R now holds 637,207 shares, worth roughly $13.78 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 fall -1.41% to $21.62. Over the last five days, the stock has gained 3.54%. First Bancorp PR shares have risen nearly 16.17% since the year began. Nevertheless, the stocks have risen 16.30% over the past one year. While a 52-week high of $22.40 was reached on 07/07/25, a 52-week low of $16.40 was recorded on 04/07/25.

Levels Of Support And Resistance For FBP Stock

The 24-hour chart illustrates a support level at 21.43, which if violated will result in even more drops to 21.24. On the upside, there is a resistance level at 21.95. A further resistance level may holdings at 22.28.

How much short interest is there in First Bancorp PR?

A steep rise in short interest was recorded in First Bancorp PR stocks on 2025-06-13, growing by 0.39 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 3.31 million shares. There was a rise of 10.65%, which implies that there is a positive 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.

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