Stocks Under $10: First Bancorp

Richard Suttmeier |

First Bancorp (FBP) – ($6.34) has a Buy rating according to ValuEngine with fair value at $25.36, which makes the stock 75.0% undervalued. The one-year price target is $6.73. ValuEngine Profile – “First Bancorp distinguished itself by providing innovative marketing strategies and novel products to attract clients. Besides the branches and lending offices, the Corporation has offered a telephone information service called Telebanco since 1983. This was the first telebanking service offered in Puerto Rico. The Corporation's clients have access to an extensive ATM network all over the world. The Corporation was the first in Puerto Rico to open on weekends and the first to offer in-store branches to its clients.”

Analysis – The daily chart for FBP shows rising momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $6.12, $6.05 and $5.05. My monthly value level is $6.21 with a quarterly risky level at $8.25.

 



Courtesy of Thomson / Reuters

 

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target



Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

FBP

FIRST BANCORP

6.34

25.36

6.73

93.88

-64.12

15.59

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. 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: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
FBP First BanCorp. New 6.74 0.05 0.75 1,200,275
OTEL Otelco Inc. 6.75 0.00 0.00 72

Comments

Emerging Growth

Naked Brand Group Inc

Naked Brand Group Inc through its wholly-owned subsidiary is engaged in manufacturing and selling of direct and wholesale men's undergarments to consumers and retailers.

Private Markets

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…