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First BanCorp (FBP) 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, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centers. Geographically, it derives a majority of its revenue from Puerto Rico.

First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

Three key data points gauge First BanCorp or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

FBP Price

Share price rose 12.5% over the past year from $16.58 to $18.65, as of Monday’s market close.

In the past 3 years, the company’s share price has rarely been less than $10.70 nor more than $22.20. Its all-time high price of $491.18 was reached in December 2004.

If shares trade in the range of $15.00 to $25.00 this next year, the recent $18.65 share price might grow to $23.00. Of course, FBP shares could also drop about the same $3.35 estimated amount or more.

My $3.35 price upside estimate is based on the median of one-year target price estimates from six analysts tracking the stock for brokers.

FBP Dividend

First BanCorp has paid variable quarterly dividends since March 1996. The company’s most recent Q dividend of $0.16 was declared on October 30th to shareholders of record prior to November 29th, and the dividend was paid on December 13th. A forward-looking annual dividend of $0.64 yields 3.43% per Monday’s closing price.

FBP Returns

Putting it all together, a $3.99 estimated annual gross gain per share shows up by adding First BanCorp’s annual $0.64 dividend to the estimated price upside of $3.35, which totals that $3.99 gross gain.

A little over $1000 buys 54 shares at Monday’s $18.65 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.185 per share out of the $3.99 gross gain to give us a net gain of $3.805 X 54 shares = $205.47 for about a 20.5% estimated net gain on the year.

Furthermore, the $34.30 annual estimated dividend income from $1k invested in FBP is 1.84 times more than the $18.65 single-share price. By these numbers, FBP may be an ideal financial dividend dog.

Therefore, you may want to pounce on First BanCorp.

It is a soon to be 77-year-old variable quarterly dividend-paying bank holding company with a 29-year dividend record.

The exact track of First BanCorp's future price and dividend will entirely be determined by market action and company finances.

Remember the best measure of stock value is through direct ownership of shares.

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