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FBP

First BanCorp

$9.01

-0.32 (-3.43%)

14:28
11/14/18
11/14
14:28
11/14/18
14:28

First BanCorp reinstates quarterly cash dividend of 3c per share

First BanCorp., the bank holding company for FirstBank Puerto Rico, announced that its board of directors has declared a quarterly cash dividend of 3c per share on its outstanding common stock. The dividend will be payable on December 14 to shareholders of record at the close of business on November 30. "We are pleased to reinstate a quarterly cash dividend, which is a reflection of our confidence in the Corporation's financial and capital strength. We believe that the considerable achievements we've made over the past several years have allowed us to create value for our shareholders, significantly improving the Corporation's capital and risk profile while returning the Corporation to a sustainable and profitable business model, even in a challenging economic environment," said Aurelio Aleman, President and CEO of the Corporation.

FBP First BanCorp
$9.01

-0.32 (-3.43%)

09/20/18
09/20/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ralph Lauren (RL) upgraded to Neutral from Underweight at Piper Jaffray with analyst Erinn Murphy, who remains concerned about the sustainability of Ralph Lauren's sales group, saying earnings estimates are likely to continue to grind higher given the company's "sound" cost control and favorable margin mix shift. 2. Caterpillar (CAT) upgraded to Outperform from Neutral at Baird with analyst Mig Dobre saying he believes demand growth should continue into 2019. 3. Copart (CPRT) upgraded to Buy from Hold at Gabelli with analyst Matthew Paige saying he raised his valuation multiple to 15x EBITDA from 12x to reflect the premium he believes the stock deserves relative to KAR Auction Service (KAR) given its EBITDA margin advantage and his view that current market conditions better support the salvage auction business than wholesale. 4. Arcturus Therapeutics (ARCT) upgraded to Strong Buy from Buy at WBB Securities. 5. First BanCorp (FBP) upgraded to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/18
09/20/18
UPGRADE
Target $11.5

Buy
First BanCorp upgraded to Buy on Puerto Rico recovery at BofA/Merrill
As previously reported, BofA/Merrill upgraded First BanCorp to Buy from Neutral and raised its price target to $11.50 from $9. Analyst Ebrahim Poonawala believes ongoing post-hurricane rebuilding efforts in Puerto Rico could pull the economy out of a decade-lone economic recession. A recovery could drive balance sheet and revenue growth at First BanCorp, and allow management to de-risk the balance sheet, the analyst wrote in a note to investors.
09/20/18
BOFA
09/20/18
UPGRADE
BOFA
Buy
First BanCorp upgraded to Buy from Neutral at BofA/Merrill
07/16/18
PIPR
07/16/18
UPGRADE
Target $17
PIPR
Overweight
OFG Bancorp upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Brett Rabatin upgraded OFG Bancorp(OFG) to Overweight and raised his price target for the shares to $17 from $15.50. The analyst has increased confidence on the bank's forward net interest margin and a move higher in its profitability over the next year. He believes the upcoming quarterly results will serve as catalysts for Puerto Rican banks Popular (BPOP), First BanCorp (FBP) and OFG.

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CTVA

Corteva

$30.25

1.84 (6.48%)

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FB

Facebook

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0.78 (0.43%)

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Accenture

$193.19

3.675 (1.94%)

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PROS

ProSight

$18.71

-0.5 (-2.60%)

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AAPL

Apple

$206.44

4.71 (2.33%)

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POL

PolyOne

$31.01

0.73 (2.41%)

06:21
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Earnings
PolyOne raises FY19 adj. EPS view to up 6%-8% from up 4%-6%, consensus $2.54 »

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  • 23

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AMZN

Amazon.com

$1,791.82

16.72 (0.94%)

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  • 27

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ARMK

Aramark

$37.07

-0.07 (-0.19%)

06:19
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AMGN

Amgen

$203.95

4.74 (2.38%)

06:19
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08/19
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Amgen rating change  »

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  • 09

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POL

PolyOne

$31.01

0.73 (2.41%)

06:18
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Hot Stocks
PolyOne to sell PP&S business to SK Capital Partners for $775M in cash »

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  • 23

    Sep

CNHI

CNH Industrial

$8.82

0.18 (2.08%)

06:18
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06:18
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ENLC

EnLink Midstream

$7.74

0.19 (2.52%)

06:17
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06:17
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EnLink Midstream rating change  »

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  • 06

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HEP

Holly Energy Partners

$27.48

0.31 (1.14%)

06:17
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08/19
06:17
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06:17
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Holly Energy Partners rating change  »

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NVS

Novartis

$89.46

0.91 (1.03%)

06:17
08/19/19
08/19
06:17
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06:17
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Novartis to respond to demand for data manipulation details, Reuters says »

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  • 19

    Sep

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GOOG

Alphabet

$1,176.94

9.48 (0.81%)

, GOOGL

Alphabet Class A

$1,178.69

9.68 (0.83%)

06:15
08/19/19
08/19
06:15
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06:15
Periodicals
Google cuts some Android phone data for wireless carriers, Reuters reports »

Google has shut down its…

GOOG

Alphabet

$1,176.94

9.48 (0.81%)

GOOGL

Alphabet Class A

$1,178.69

9.68 (0.83%)

03/08/13
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  • 24

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EWBC

East West Bancorp

$39.90

1.52 (3.96%)

06:15
08/19/19
08/19
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ARMK

Aramark

$37.07

-0.07 (-0.19%)

06:14
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SONO

Sonos

$11.90

0.22 (1.88%)

06:13
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VWAGY

Volkswagen

$0.00

(0.00%)

06:13
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WLL

Whiting Petroleum

$8.61

0.36 (4.36%)

06:12
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APD

Air Products

$228.77

2.32 (1.02%)

06:12
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08/19
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06:12
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Air Products rating change  »

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  • 22

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EADSY

Airbus

$0.00

(0.00%)

06:11
08/19/19
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06:11
Periodicals
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CSTL

Castle Biosciences

$20.14

-0.56 (-2.71%)

06:10
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08/19
06:10
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06:10
Initiation
Castle Biosciences initiated  »

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CSTL

Castle Biosciences

$20.14

-0.56 (-2.71%)

06:08
08/19/19
08/19
06:08
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06:08
Initiation
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WE

We Company

$0.00

(0.00%)

06:08
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PDS

Precision Drilling

$1.10

(0.00%)

06:05
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08/19
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06:05
Hot Stocks
Precision Drilling sees FY20 CapEx C$60M-C$80M »

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