StockNews.com initiated coverage on shares of First BanCorp. ( NYSE:FBP – Get Rating ) in a research note released on Thursday morning. The brokerage issued a hold rating on the bank's stock. Separately, Wells Fargo & Company decreased their price objective on shares of First BanCorp. from $14.00 to $12.50 and set an equal weight rating on the stock in a report on Wednesday, April 5th. First BanCorp. stock opened at $11.35 on Thursday. The firm has a 50 day simple moving average of $11.

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