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



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Symbol Name Price Change % Volume
FBP First BanCorp. New 5.30 -0.05 -0.93 276,294
OTEL Otelco Inc. 4.40 -0.07 -1.51 8,927


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