Published on 30 May 2024 on Zacks via Yahoo Finance
All You Need to Know About First Bancorp (FBP) Rating Upgrade to Strong Buy
Investors might want to bet on First Bancorp (FBP), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.