First Bancorp (FBP) is an interesting player in the Financial space, with a focus on Foreign Regional Banks. The stock has been active on the tape, currently trading at $5.22, up from yesterday’s close by 1.95%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
First Bancorp (FBP) currently trades with a market capitalization of $1.13 Billion. That value represents a market adjusting for revenues that have been growing by 3.08 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $244.01 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.05 on a per share basis this quarter. Perhaps, that suggests something about why 8.32% of the outstanding share supply is held by institutional investors.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, First Bancorp recorded a 52-week high of $7.02. It is now trading 1.8% off that level. The stock is trading $5.02 its 50-day moving average by -0.2%. The stock carved out a 52-week low down at $4.48.
In recent action, First Bancorp (FBP) has made a move of +2.55% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 20.92, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.95% with $181.70 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FBP.