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Best Performing Stock of 2008

Mon, 29 Dec 2008 13:58:00 GMT

I used to, and will one day return, to posting the best performing stocks of the week - but the wicked volatility and "student body left" trading of the past 4 months has made it a moot point. Everything must either be bought or sold, as stocks are either deemed "good" or "bad" that hour, day, or month. The herd piles in, or piles out - regardless of sector, style, fundamentals. It's been a market of asset allocation not individual stocks much of the back half of the year. I like to look for relative strength and ride sector/company trends for the longer term - this market is not for that sort of investor. This has been for many months a run and gun daytrader environment; not a place for theme investors. With that said, I am always curious to see what stocks held up over the long run... folks, no matter what happens (short of 8%+ rally here in the next 3 days) we are projecting the worst year in the markets at least since the[More...]

The Best And Worst Of Foreign Bank Stocks

Sun, 12 Oct 2008 01:14:00 GMT

Maldives Island Beach Last week was one of the worst weeks for many of the world’s stock market indices. The UK’s FTSE 100 was down a massive 26% from the previous week. France’s CAC and Germany’s DAX also plunged over 20% for the week. The Nikkei Index of Japan lost 24%.Here in the US, the Dow plummeted 18% for the week, the worst in its history.The S&P 500 Index also declined 18% for the week.Financial stocks were some of the worst performers last[More...]

The 50/200 Cross: FBP and AAPL

Wed, 24 Sep 2008 17:09:00 GMT

A stock scan performed after yesterday’s close for “the cross” found two stocks that might be instructive: First BanCorp. (NYSE:FBP) Apple Inc. (NASD:AAPL) The 50/200 “Cross” The thesis goes something like this: the up or “golden” cross (50-day MA moves above 200-day MA) is supposed to be bullish while the down or “death” cross (50-day MA moves below 200-day MA) portends to weakness. What you should do with these ideas are up to you. While we personally don’t trade based on this criteria, it always good to watch to see if traders take action. Quite often, the best trades follow[More...]

Eleven Pennsylvania Banks Thriving During the Shake-Out in Financials

Sat, 13 Sep 2008 00:40:00 GMT

Amidst turmoil in the financial sector this week and over the past year, the following is a list of Pennsylvania-based banks and financial services companies with market caps over $100M that have recorded stock price gains over the past year. The 11 compa[More...]

First BanCorp Reports Financial Results for the Second Quarter Ended June 30, 2009 and Announces the Suspension of Common and Preferred Dividends

Thu, 30 Jul 2009 12:33:00 GMT

First BanCorp (the “Corporation”) (NYSE:FBP) today reported net loss for the quarter ended June 30, 2009 of $78.7 million, compared to net income of $21.9 million for the quarter ended March 31, 2009, and net income of $33.0 million for the quarter ended June 30, 2008. For the six-month period ended June 30, 2009, the Corporation incurred net loss of $56.8 million, compared to net income of $66.6 million for the same period in 2008. The Corporation’s tangible common equity ratio stood at 4.35% as of June 30, 2009 compared to 5.11% as of March 31, 2009 and 4.87% as of December 31, 2008. The Tier 1 common to risk-weighted assets ratio as of June 30, 2009 was 4.73% compared to 5.90% as of March 31, 2009 and 5.92% as of December 31, 2008. This press release should be read in conjunction with the accompanying tables (Exhibit A), which are an integral part of this press release.[More...]

First BanCorp Announces Payment of Preferred Dividends

Thu, 25 Jun 2009 13:04:00 GMT

First BanCorp (NYSE:FBP) announced today that its Board of Directors has declared the next payment of dividends on First BanCorp’s Series A through E Preferred Shares.[More...]

First BanCorp Announces Payment of Common and Preferred Dividends

Thu, 04 Jun 2009 13:02:00 GMT

First BanCorp (NYSE:FBP) today announced that the Board of Directors declared, on May 26, 2009, the next payment of dividends on Common and Series A through E Preferred shares. Common stockholders of record as of June 15, 2009 will receive the 56th consecutive quarterly dividend payment declared by First BanCorp’s Board of Directors, in the amount of $0.07 per share, for the 2nd quarter of 2009, payable on June 30, 2009.[More...]

First BanCorp Announces Appointment of an Executive Vice President and Future Successor to the Chief Financial Officer

Thu, 07 May 2009 13:12:00 GMT

First BanCorp (the “Corporation”) (NYSE:FBP) today announced the appointment, effective May 11, 2009, of Mr. Orlando Berges as Executive Vice President of the Corporation and who will succeed Mr. Fernando Scherrer, currently Executive Vice President and Chief Financial Officer. Mr. Scherrer, who has led the Corporation’s finance function since July 2006, has informed the Corporation of his intention to resign effective approximately July 31, 2009.[More...]

First BanCorp Announces Payment of Preferred Dividends

Wed, 06 May 2009 21:37:00 GMT

First BanCorp (NYSE:FBP) announced today that its Board of Directors has declared the next payment of dividends on First BanCorp’s Series A through F Preferred Shares.[More...]

MaybachFinancial.Com Posts Free Analyst Report on FBP, FCS, FDO and BJ

Wed, 06 May 2009 13:48:00 GMT

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First BanCorp Reports Earnings for the Quarter Ended March 31, 2009

Mon, 27 Apr 2009 11:47:00 GMT

First BanCorp (the "Corporation") (NYSE: FBP) today reported net income for the quarter ended March 31, 2009 of $21.9 million, compared to $33.6 million for the same quarter of 2008, a decrease of 35%.
Total stockholders' equity amounted to $2.0 billion as of March 31, 2009, an increase of $429.1 million from December 31, 2008, mainly due to the previously announced $400 million investment by the United States Department of the Treasury (the "U.S. Treasury") in preferred stock of the Corporation.
The Corporation's tangible common equity ratio increased to 5.11% as of March 31, 2009 compared to 4.87% as of December 31, 2008.

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First BanCorp Announces Payment of Preferred Dividends - Apr 1 2009 12:19PM

Wed, 01 Apr 2009 16:02:00 GMT

First BanCorp (NYSE:FBP) announced today that its Board of Directors has declared the next payment of dividends on First BanCorp’s Series A through E Preferred Shares.[More...]

First BanCorp Announces Payment of Preferred and Trust Preferred Dividends

Thu, 05 Mar 2009 18:16:00 GMT

First BanCorp (NYSE:FBP) announced today that its Board of Directors has declared the next payment of dividends on First BanCorp’s Series A through E Preferred and Trust Preferred I & II Shares.[More...]

First BanCorp Declares Common Dividend and Provides Chairman’s Comments

Thu, 12 Feb 2009 18:44:00 GMT

First BanCorp (the “Corporation”) (NYSE:FBP) announced today that its Board of Directors has approved the next payment of common stock dividends. Common stockholders of record as of March 15, 2009 will receive the 55th consecutive quarterly dividend payment declared by First BanCorp’s Board of Directors, in the amount of $0.07 per share payable on March 31, 2009.[More...]