Should I Buy FBP? FBP 2026 Analysis

Should You Buy First BanCorp (FBP) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

22.140

1 Day change

1.19%

52 Week Range

22.610

Analysis Updated At

2026/01/28

Buy now for a beginner long-term investor. FBP is in a confirmed bullish technical trend (bullish moving-average stack with improving MACD), just delivered a Q4 2025 earnings beat with solid YoY growth in revenue/EPS, and raised its dividend by ~11%. While insider selling is a notable negative, the overall setup (trend + fundamentals + dividend momentum) supports buying at current levels (~$21.88) rather than waiting.

Technical Analysis

Trend is bullish. Moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200), signaling sustained upward momentum over short-, medium-, and long-term horizons. MACD histogram is positive (0.0288) and expanding, confirming strengthening upside momentum. RSI(6) at ~59.8 is neutral-to-slightly-bullish (not overbought), suggesting room to continue higher without immediate overextension. Key levels: Pivot 21.469 (price is above, supportive), near-term resistance R1 22.247 then R2 22.727; supports at S1 20.692 and S2 20.212. Probabilistic pattern readout also leans positive (approx. +2.28% next week and +9.04% next month). Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Options positioning is strongly call-skewed: open-interest put/call ratio 0.21 (calls dominate), and today’s put volume is 0 versus call volume 7 (volume put/call 0.0), implying bullish sentiment. Options activity is elevated versus recent norms (today’s volume ~175% of 30-day avg; open interest also above average). Implied volatility is high (30D IV ~46% with IV percentile 80), which typically reflects heightened expectations/uncertainty; sentiment-wise, the skew is clearly risk-on/bullish.

Technical Summary

Sell

Buy

Positive Catalysts

4) Dividend increased ~11.1% to $0.20/share (shareholder-friendly signal). 5) Technical trend is bullish with improving momentum (MACD expanding, bullish MA stack).

Neutral/Negative Catalysts

1) Insider selling is increasing: insider selling amount up ~181.59% over the last month (negative signal for near-term confidence). 2) Wall Street stance remains cautious despite the target raise: rating is Market Perform (not a clear “buy”). 3) Options IV is high (IV percentile 80), implying the market is pricing larger moves/uncertainty (even though skew is bullish).

Financial Performance

Latest quarter: 2025/Q4. Results show improving growth trends: Revenue $241.47M (+5.23% YoY), Net Income $87.10M (+15.06% YoY), and EPS $0.55 (+19.57% YoY). Combined with an ~11% dividend increase, the quarter supports a positive long-term fundamental trajectory (profit growth outpacing revenue growth).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent analyst update (2026-01-28): Keefe Bruyette (Kelly Motta) raised the price target to $24.50 from $24 while maintaining a Market Perform rating. Net view: modest upside implied from current ~$21.88, but the rating suggests Wall Street sees it as fairly valued/steady rather than a high-conviction outperformer. Pros: raised target after results/dividend momentum. Cons: still not a Buy/Outperform call.

3 Analyst Rating

Wall Street analysts forecast FBP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FBP is 23.5 USD with a low forecast of 23 USD and a high forecast of 24 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

1 Hold

0 Sell

Moderate Buy

Current: 21.880

Low

Averages

23.5

High

Current: 21.880

Low

Averages

23.5

High

Keefe Bruyette

Kelly Motta

Market Perform

maintain

$24

AI Analysis

2026-01-28

New

Reason

Keefe Bruyette

Kelly Motta

Price Target

$24

AI Analysis

2026-01-28

New

maintain

Market Perform

Reason

Keefe Bruyette analyst Kelly Motta raised the firm's price target on First BanCorp to $24.50 from $24 and keeps a Market Perform rating on the shares.

Truist

Arren Cyganovich

Buy

downgrade

$25 -> $24

2025-10-27

Reason

Truist

Arren Cyganovich

Price Target

$25 -> $24

2025-10-27

downgrade

Buy

Reason

Truist analyst Arren Cyganovich lowered the firm's price target on First BanCorp to $24 from $25 and keeps a Buy rating on the shares. The firm is lowering its 2026 EPS estimate to $2.10 from $2.15 mainly due to lower assumed net interest margin expansion consistent with management guidance, the analyst tells investors in a research note.

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FBP Should I Buy

FBP Should I Buy

Should You Buy First BanCorp (FBP) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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