First BanCorp. (FBP) Soars 2.49% on March 30

Equities Staff  |

First BanCorp. (FBP) had a good day on the market for Tuesday March 30 as shares jumped 2.49% to close at $11.12. About 1.6 million shares traded hands on 10,867 trades for the day, compared with an average daily volume of n/a shares out of a total float of 218.23 million. After opening the trading day at $11.00, shares of First BanCorp. stayed within a range of $11.26 to $10.98.

With today's gains, First BanCorp. now has a market cap of $2.43 billion. Shares of First BanCorp. have been trading within a range of $12.60 and $4.14 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.

First BanCorp. is based out of San Juan, and has some 3,317 employees. Its CEO is Aurelio Aleman.

For a complete fundamental analysis of First BanCorp., check out’s Stock Valuation Analysis report for FBP.

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First BanCorp. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on First BanCorp. and to follow the company’s latest updates, you can visit the company’s profile page here: FBP’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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