First Bancorp (FBP): First BanCorp Puerto Rico... FBR Ove...

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MiamiGent

Re: None

Saturday, 09/21/2013 7:13:56 PM

Saturday, September 21, 2013 7:13:56 PM

First BanCorp Puerto Rico...

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/