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First Bancorp. (FBP) [hlAlert]

Rating:
Buy FBP
down 49.63 %

First Bancorp. (FBP) rated Buy by BofA/Merrill

Posted on: Friday,  Aug 23, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy First Bancorp. (NYSE: FBP) on 08/23/2013, when the stock price was $6.83. Since
then, First Bancorp. has lost 49.63% as of 01/15/2016's recent price of $3.44.
If you would have followed this BofA/Merrill's recommendation on FBP, you would have lost 49.63% of your investment in 875 days.

First BanCorp (the Corporation) is a publicly-owned financial holding company. The Corporation is a bank holding company for FirstBank Puerto Rico and is a full service provider of financial services and products with operations in Puerto Rico, the United States and the US and British Virgin Islands. It provides a range of financial services for retail, commercial and institutional clients. As of December 31, 2008, it controlled four wholly owned subsidiaries: FirstBank, FirstBank Insurance Agency, Inc., Grupo Empresas de Servicios Financieros and Ponce General Corporation. The Corporation has four reportable segments: Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; and Treasury and Investments. On January 28, 2008, FirstBank acquired Virgin Islands Community Bank.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/23/2013 8:25 AM Buy
None
6.83
as of 12/13/2013
1 Week down  -11.23 %
1 Month down  -9.16 %
3 Months down  -14.71 %
1 YTD down  -20.20 %

(*) Stock Price at the time of the recommendation.
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