Saturday, September 21, 2013 7:13:56 PM
FBR Oversold at Friday's Close of 6.07
By MiamiGent
*RSI under 30 Friday (oversold last 6 weeks)
*Long term positive divergence- wants to reverse
*Friday close a 30% pullback from late July $8.70 high
*Negligible short interest (1.86%)
*At 200 SMA support
*Ten day average volume running twice 90 DAV
*Resale of 28M shares at 6.75 in Aug had no affect on OS/ financials. Insiders bought at 6.75
*76.3% top institutional ownership (Fidelity $73M, Vanguard 64M, etc.)
*Earning $50M quarter- pre tax, pre provision
*Strong capital ratios, $835M cash & equivalents recent 10Q
*Book value 7.17
*Targets $9 (BoA) - 10 (Credit Suisse)
*PPS up 43% YTD
Catch an early-mid stage, small cap ($1.3B) bank recovery stock on a pullback!
In Friday @ 6.18- anticipating a rally.
Good reward to risk ratio, in my opinion.
http://bit.ly/18ieWy3
http://onforb.es/18ieZtr
http://bit.ly/18ieY8U
http://bit.ly/18ieY8W#
http://on.barrons.com/...
http://www.insidermonkey.com/blog/first-bancorp-fbp-are-hedge-funds-right-about-this-stock-246408/
Recent FBP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:15:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 01:17:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 09:24:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 04:05:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:17:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 09:46:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 08:30:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 11:25:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 08:30:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/24/2024 08:11:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 01:30:32 PM
- First BanCorp. Announces Earnings for the Quarter Ended June 30, 2024 • Business Wire • 07/23/2024 11:00:00 AM
- First BanCorp Announces Capital Actions • Business Wire • 07/22/2024 09:18:00 PM
- First BanCorp Announces the Release of Its 2023 Corporate Sustainability Report • Business Wire • 07/01/2024 08:23:00 PM
- First BanCorp to Announce 2Q 2024 Results on July 23, 2024 • Business Wire • 06/18/2024 02:29:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:57:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:59:09 PM
- First BanCorp. Declares Quarterly Cash Dividend on Common Stock • Business Wire • 04/25/2024 08:45:00 PM
- First BanCorp. Announces Earnings for the Quarter Ended March 31, 2024 • Business Wire • 04/23/2024 11:00:00 AM
- First BanCorp to Announce 1Q 2024 Results on April 23, 2024 • Business Wire • 04/02/2024 09:14:00 PM
- FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services • GlobeNewswire Inc. • 03/20/2024 11:30:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 06:56:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:13:05 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:09:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 12:26:48 AM
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