How Will the Market React to First Bancorp (FBP) Stock Getting a Bullish Rating

First Bancorp (FBP) stock is up 7.09% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

First Bancorp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FBP!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FBP Stock Today?

First Bancorp (FBP) stock is trading at $14.95 as of 1:48 PM on Thursday, Nov 16, a loss of -$0.23, or -1.48% from the previous closing price of $15.17. The stock has traded between $14.87 and $15.22 so far today. Volume today is low. So far 355,193 shares have traded compared to average volume of 1,112,688 shares.

More About First Bancorp

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico. Click Here to get the full Stock Report for First Bancorp stock.