First Bancorp (NYSE:FBP) shares traded -2.28% down during most recent session to reach at the closing price of $5.58. The stock exchanged hands 2.1 Million shares versus average trading capacity of 1.49 Million shares, yielding a market cap of $1.2 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $7.46 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have First Bancorp (NYSE:FBP) high price target of $9 and with a conservative view have low price target of $6.75.
Citigroup “Initiates Coverage On” First Bancorp (NYSE:FBP) in a research note issued to investors on 2/08/17 to Neutral with price target of $0.
Additionally on 4/08/16 PiperJaffray “Initiates Coverage on” First Bancorp (NYSE:FBP) to Overweight and on 10/14/15 Keefe Bruyette & Woods “Maintained” the stock to Outperform at $6.5. Furthermore on 7/27/15 Guggenheim “Upgrades” the stock to Buy at $.
On the other hand the company has Relative Strength Index (RSI 14) of 37.08 along with Average True Range (ATR 14) of 0.16, Consequently First Bancorp (NYSE:FBP)’s weekly and monthly volatility is 2.04%, 2.57% respectively. The company’s beta value is at 2.02.
In terms of Buy, Sell or Hold recommendations, First Bancorp (NYSE:FBP) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts First Bancorp (NYSE:FBP)’s minimum EPS for the current quarter is at $0.11 and can go high up to $0.12. The consensus mean EPS for the current quarter is at $0.12 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.11 earnings per share for the same quarter during last year.
Previously First Bancorp (NYSE:FBP) reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company posted an earnings surprise of 18.2%.
While considering growth estimates of the company, it has next quarter growth estimates of 9.1% whereas during current quarter it has 9.1% estimations over growth, comparing to the estimations of 9.3% during current year and 2.1% for next year. Past 5 years growth of First Bancorp (NYSE:FBP) observed at 4.56%, looking forward for the next 5 years it has a strong prediction of 12.1% over growth.
First Bancorp (NYSE:FBP)’s revenue estimates for the current quarter are $126.27 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $128.7 Million in contradiction of low revenue estimates of $125.35 Million. For the current year the company’s revenue estimates are $518.19 Million compared to low analyst estimates of $498.32 Million and high estimates of $563.32 Million according to 4 number of analysts.
Currently First Bancorp (NYSE:FBP)’s shares owned by insiders are 2.2%, whereas shares owned by institutional owners are 87.5%. However the six-month change in the insider ownership was recorded -87.08%, as well as three-month change in the institutional ownership was recorded 0.17%.
First Bancorp (NYSE:FBP) 52-week high price stands at $7.05 and low price stands at $4.28, its price distance from 52-week high is -20.85% while its distance from 52-week low price is 30.37%. The stock hit its 52-week high on 12/28/16, and 52-week low on 08/15/16.
First Bancorp (NYSE:FBP)’s trailing twelve month revenues are $580.1 Million, whereas its price to sales ratio for the same period is 2.06. Its book value per share for the most recent quarter is $8.53 while its price to book ratio for the same period is 0.65, as for as the company’s cash per share for the most recent quarter is $2.22, however its price to cash per share ratio for the same period is 2.52. The stock has 5 year expected PEG ratio of 1 whereas its trailing twelve month P/E ratio is 12.13.