First Bancorp Puerto Rico Stockholders Approve Key Proposals

An announcement from First Bancorp Puerto Rico ( (FBP) ) is now available.

At the Annual Meeting of Stockholders held on May 21, 2025, First BanCorp Puerto Rico’s stockholders voted on several key proposals. Notably, the election of directors saw most nominees receiving strong support, while the executive compensation for 2024 was approved on a non-binding basis. Additionally, the appointment of Crowe LLP as the independent registered public accounting firm for the 2025 fiscal year was ratified.

The most recent analyst rating on (FBP) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on First Bancorp Puerto Rico stock, see the FBP Stock Forecast page.

Spark’s Take on FBP Stock

According to Spark, TipRanks’ AI Analyst, FBP is a Outperform.

First Bancorp Puerto Rico demonstrates solid financial health with consistent revenue growth and profitability. Technical indicators are favorable, pointing to upward momentum, although caution is advised due to potential overbought conditions. The valuation is attractive, supported by a low P/E ratio and a decent dividend yield. Earnings call insights and strategic leadership changes add a positive outlook, despite some challenges in loan performance and economic uncertainties.

To see Spark’s full report on FBP stock, click here.

More about First Bancorp Puerto Rico

First BanCorp Puerto Rico operates in the financial services industry, primarily offering banking products and services. The company focuses on serving the Puerto Rican market and other regions where it operates.

Average Trading Volume: 1,375,837

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.27B

Learn more about FBP stock on TipRanks’ Stock Analysis page.