(FBP) First Bancorp - Ratings and Ratios

First BanCorp, listed on the NYSE under the ticker symbol FBP, is a bank holding company that operates through its subsidiary, FirstBank Puerto Rico, offering a diverse array of financial products and services to both individual consumers and commercial clients across multiple regions, including Puerto Rico, the United States, and the Virgin Islands.

The companys operational structure is segmented into six key areas: Mortgage Banking, Consumer (Retail) Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. Through these segments, First BanCorp engages in a wide range of financial activities, including mortgage origination and servicing, consumer credit provision, commercial lending, and treasury management, among others.

First BanCorps Mortgage Banking segment is involved in the origination, sale, and servicing of residential mortgage loans, as well as hedging activities to manage risk. The Consumer Banking segment provides various consumer credit products and deposit accounts. The Commercial and Corporate Banking segment focuses on commercial real estate lending, construction financing, and cash management services for businesses. The Treasury and Investments segment is responsible for managing the companys investment portfolio and liquidity.

The companys presence in the U.S. mainland and the Virgin Islands is managed through its United States Operations and Virgin Islands Operations segments, respectively, offering a range of banking services tailored to the local markets, including consumer and commercial lending, deposit products, and cash management services.

With a history dating back to 1948, First BanCorp is headquartered in San Juan, Puerto Rico, and operates with a commitment to providing comprehensive financial solutions to its diverse customer base. The companys insurance agency services further enhance its product offerings, providing customers with a broader range of financial protection options.

Analyzing the provided and , we observe that FBPs stock is currently priced at $20.30, slightly above its 20-day Simple Moving Average (SMA) of $20.28, indicating a potential bullish trend. The stocks 50-day and 200-day SMAs are $19.41 and $19.54, respectively, suggesting a longer-term uptrend. The Average True Range (ATR) of 0.40 represents a 1.96% daily price fluctuation, indicating moderate volatility.

Given the current technical indicators and fundamental data, including a market capitalization of $3.219 billion and a Price-to-Earnings (P/E) ratio of 10.83, we can forecast that FBP may continue its upward trend, potentially reaching the 52-week high of $21.64 if it can maintain its current momentum and if market conditions remain favorable. The companys Return on Equity (RoE) of 18.21% suggests a strong profitability position, supporting the potential for further growth. However, investors should closely monitor the stocks performance relative to its ATR and SMA indicators for signs of trend continuation or reversal.