(FBP) First Bancorp - Ratings and Ratios

First BanCorp. (NYSE:FBP) is a bank holding company for FirstBank Puerto Rico, offering a diverse range of financial products and services to both consumer and commercial clients. The company operates through six distinct business segments: Mortgage Banking, Consumer (Retail) Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. This structure allows the company to cater to a broad spectrum of financial needs across different markets.

The Mortgage Banking segment focuses on the origination, servicing, and sale of residential mortgage loans, complemented by hedging activities and the purchase of mortgage loans from third-party originators. The Consumer (Retail) Banking segment provides various consumer credit products, including auto loans, personal loans, and credit cards, along with deposit accounts such as checking and savings accounts. The Commercial and Corporate Banking segment offers commercial real estate and construction loans, along with cash and business management services tailored to corporate clients.

The Treasury and Investments segment is dedicated to fund management and investment activities, while the United States Operations segment provides a range of banking services, including residential mortgages, home equity loans, and cash management services. The Virgin Islands Operations segment focuses on consumer and commercial lending, along with deposit-taking activities. Additionally, the company offers insurance agency services, further diversifying its revenue streams.

Founded in 1948 and headquartered in San Juan, Puerto Rico, First BanCorp has established itself as a key player in the regional banking sector. With a strong presence in Puerto Rico and the U.S. and Virgin Islands markets, the company continues to expand its financial services portfolio to meet the evolving needs of its customers. For more information, visit their website at https://www.1firstbank.com.

Ticker Symbol: FBP
Exchange: NYSE
Type: common stock
Country Origin: United States
GICS Sub Industry: Regional Banks

Based on the provided technical and fundamental data, here is a 3-month forecast for First BanCorp (NYSE:FBP):

Technical Outlook:
FBP is currently trading at $19.26, slightly above its 20-day SMA of $18.34 but below its 200-day SMA of $19.65. This indicates potential near-term bullish momentum but longer-term bearish pressure. The Average True Range (ATR) of 0.70 suggests moderate volatility, with potential resistance at $20.00 and support at $18.00.

Fundamental Outlook:
With a market cap of $3.19 billion and a P/E ratio of 10.82, FBP appears undervalued compared to industry peers. The price-to-book ratio of 1.91 and price-to-sales ratio of 3.63 indicate reasonable valuation metrics. A return on equity (RoE) of 16.99% highlights strong profitability. However, the absence of forward P/E data could signal uncertainty in earnings growth.

3-Month Forecast:
Expect FBP to trade in a range between $18.00 and $20.00, with potential upside driven by strong earnings or improved economic conditions in Puerto Rico. Downside risks include broader market downturns or negative surprises in financial performance. Investors should monitor earnings reports and macroeconomic trends for clearer direction.