First BanCorp. Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for First BanCorp. stock have an average target of 18.5, with a low estimate of 18 and a high estimate of 19. The average target predicts an increase of 9.40% from the current stock price of 16.91.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$18.5	$19	$19
Change	+6.45%	+9.40%	+12.36%	+12.36%

Analyst Ratings

The average analyst rating for First BanCorp. stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	1	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Timur Braziler Wells Fargo	Wells Fargo	Hold Maintains $16 → $18	Hold	Maintains	$16 → $18	+6.45%	Apr 10, 2024
Kelly Motta Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Maintains $19 → $19	Buy	Maintains	$19 → $19	+12.36%	Jan 25, 2024
Timur Braziler Wells Fargo	Wells Fargo	Hold Maintains $13 → $13	Hold	Maintains	$13 → $13	-23.12%	Oct 24, 2023
Timur Braziler Wells Fargo	Wells Fargo	Hold Maintains $14 → $13	Hold	Maintains	$14 → $13	-26.08%	Apr 5, 2023
Timur Braziler Wells Fargo	Wells Fargo	Buy → Hold Downgrades $17 → $14	Buy → Hold	Downgrades	$17 → $14	-17.21%	Dec 15, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

855.95M

from 868.86M

-1.49%

from 868.86M

Revenue Next Year

911.19M

from 855.95M

6.45%

from 855.95M

EPS This Year

1.62

from 1.71

-5.05%

from 1.71

EPS Next Year

1.85

from 1.62

14.07%

from 1.62

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	617.84M	540.56M	916.79M	890.69M	868.86M	855.95M	911.19M
Revenue Growth	12.60%	-12.51%	69.60%	-2.85%	-2.45%	-1.49%	6.45%
EPS	0.76	0.46	1.31	1.59	1.71	1.62	1.85
EPS Growth	-17.39%	-39.47%	184.78%	21.37%	7.55%	-5.05%	14.07%
No. Analysts	-	-	-	-	-	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	976.8M	1.1B
Avg	856.0M	911.2M
Low	792.6M	818.2M

Revenue Growth

Revenue Growth	2024	2025
High	12.4%	23.1%
Avg	-1.5%	6.5%
Low	-8.8%	-4.4%

EPS Forecast

EPS	2024	2025
High	1.76	2.05
Avg	1.62	1.85
Low	1.53	1.71

EPS Growth

EPS Growth	2024	2025
High	3.2%	26.1%
Avg	-5.0%	14.1%
Low	-10.6%	5.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.