$21.36
1.13% today
NYSE, Nov 26, 04:50 pm CET
ISIN
PR3186727065
Symbol
FBP
Sector
Industry

First Bancorp Target price 2024 - Analyst rating & recommendation

First Bancorp Classifications & Recommendation:

Buy
67%
Hold
33%

First Bancorp Price Target

Target Price $23.00
Price $21.60
Potential
Number of Estimates 6
6 Analysts have issued a price target First Bancorp 2025 . The average First Bancorp target price is $23.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 6 analysts: 4 Analysts recommend First Bancorp to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Bancorp stock has an average upside potential 2025 of . Most analysts recommend the First Bancorp stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 1,154.79 940.07
16.44% 18.59%
Net Margin 24.27% 30.67%
7.64% 26.38%

5 Analysts have issued a sales forecast First Bancorp 2024 . The average First Bancorp sales estimate is

$940m
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. This is
22.67% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$955m 21.47%
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, the lowest is
$932m 23.38%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.2b 16.44%
2024
$940m 18.59%
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2025
$991m 5.37%
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2026
$1.1b 7.33%
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6 First Bancorp Analysts have issued a net profit forecast 2024. The average First Bancorp net profit estimate is

$288m
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. This is
2.79% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$295m 0.55%
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, the lowest is
$285m 3.87%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $280m 7.55%
2024
$288m 2.89%
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2025
$291m 1.02%
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2026
$336m 15.45%
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Net Margin

2023 24.27% 7.64%
2024
30.67% 26.38%
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2025
29.41% 4.11%
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2026
31.63% 7.55%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.71 1.76
7.55% 2.92%
P/E 12.28
EV/Sales 3.69

6 Analysts have issued a First Bancorp forecast for earnings per share. The average First Bancorp <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.76
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. This is
2.76% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.80 0.55%
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, the lowest is
$1.74 3.87%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.71 7.55%
2024
$1.76 2.92%
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2025
$1.78 1.14%
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2026
$2.05 15.17%
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P/E ratio

Current 11.94 31.35%
2024
12.28 2.85%
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2025
12.15 1.06%
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2026
10.53 13.33%
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Based on analysts' sales estimates for 2024, the First Bancorp stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.85 22.84%
2024
3.69 29.41%
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2025
3.50 5.09%
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2026
3.26 6.83%
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P/S ratio

Current 2.91 29.32%
2024
3.77 29.32%
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2025
3.57 5.09%
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2026
3.33 6.83%
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