First Bancorp has returned 23.7% over the past six months, outperforming the S&P 500 by 16.1%, with its stock price reaching $64.78 per share. However, the company's 8.2% annualized revenue growth over the last five years fell short of sector benchmarks, and its earnings per share grew just 6.5% annually over the same period. Sell-side analysts project net interest income will rise only 4.4% over the next 12 months, a deceleration from the 9.9% annualized growth of the past two years. The stock trades at 1.6 times forward price-to-book, and the analysis concludes there are more compelling opportunities elsewhere.
First BancorpRevenue growth and EPS growth below sector benchmarks, projected net interest income deceleration, and stock trading at 1.6x forward P/B with more compelling opportunities elsewhere.
First BanCorp.
First Bancorp Inc