The EVP and CRO of First Bancorp Puerto Rico (NYSE: FBP) is Selling Shares

By Carrie Williams

Today, the EVP and CRO of First Bancorp Puerto Rico (NYSE: FBP), Nayda Rivera, sold shares of FBP for $46.57K.

Following Nayda Rivera’s last FBP Sell transaction on June 10, 2016, the stock climbed by 1.8%.

Based on First Bancorp Puerto Rico’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $168 million and quarterly net profit of $24.07 million. In comparison, last year the company earned revenue of $165 million and had a net profit of $14.76 million. FBP’s market cap is $1.33B and the company has a P/E ratio of 15.64. The company has a one year high of $6.45 and a one year low of $2.06.

The insider sentiment on First Bancorp Puerto Rico has been neutral according to 324 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

First BanCorp (Puerto Rico) engages in the provision of personal, commercial, and corporate banking services. The company also offers insurance and financial education products. It products include saving and checking accounts; loans and credits; auto and boats; mortgage; insurance; retirement; financing; securities; commercial insurance; smart cash management solutions; and capital market. The company was founded on October 29, 1948 and is headquartered in San Juan, Puerto Rico.