On November 25, 2024, Donald Kafka, Executive Vice President and Chief Operating Officer of First BanCorp's subsidiary, sold 80,000 shares of First BanCorp (FBP, Financial). Following this transaction, the insider now owns 94,589 shares of the company. The details of this transaction can be found in the SEC Filing.
First BanCorp is a financial holding company that provides a range of financial services. The company operates through its principal banking subsidiary, FirstBank Puerto Rico, which offers commercial banking, residential mortgage loans, and consumer lending services.
Over the past year, Donald Kafka has sold a total of 195,000 shares and has not purchased any shares. The insider transaction history for First BanCorp indicates that there have been no insider buys and 22 insider sells over the same period.
On the day of the recent sale, shares of First BanCorp were trading at $21.89, giving the stock a market cap of $3.484 billion. The company's price-earnings ratio stands at 11.75, which is higher than the industry median of 10.7 and also higher than the company's historical median price-earnings ratio.
With a trading price of $21.89 and a GF Value of $17.16, First BanCorp has a price-to-GF-Value ratio of 1.28, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
