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

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First Bancorp PR’s recent filing unveils that its President and CEO ALEMAN AURELIO unloaded Company’s shares for reported $1.11 million on Aug 22 ’25. In the deal valued at $22.30 per share,50,000 shares were sold. As a result of this transaction, ALEMAN AURELIO now holds 1,059,547 shares worth roughly $23.63 million.

Then, ALEMAN AURELIO bought 50,000 shares, generating $1,100,000 in total proceeds.

Before that, RIVERA NAYDA sold 10,000 shares. First Bancorp PR shares valued at $214,340 were divested by the EVP, CCO and Chief of Staff at a price of $21.43 per share. As a result of the transaction, RIVERA NAYDA now holds 230,211 shares, worth roughly $5.13 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 Tuesday, First Bancorp PR [NYSE:FBP] saw its stock jump 0.59% to $22.3. Over the last five days, the stock has gained 4.50%. First Bancorp PR shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have risen 19.96% over the past one year. While a 52-week high of $22.40 was reached on 08/26/25, 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 22.05, which if violated will result in even more drops to 21.79. On the upside, there is a resistance level at 22.53. A further resistance level may holdings at 22.75.

How much short interest is there in First Bancorp PR?

A steep rise in short interest was recorded in First Bancorp PR stocks on 2025-08-15, growing by 1.65 million shares to a total of 3.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-15 was 2.07 million shares. There was a rise of 44.39%, 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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