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Insider Trends: Insider Adds to Selling Trend at First Bancorp (Puerto Rico)

05/07/2021 14:02

05:58 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, EVP & CFO, Orlando Berges-Gonzalez, executed a sale of 80,000 shares in First Bancorp (Puerto Rico) (FBP) for $1,037,985. Berges-Gonzalez, after the transactions designated in the SEC Form 4 filing, owns 343,925 company shares, with a market value, based on the prior-day closing price, of $4.52 million.

In the 90 days previous to the date of this filing, there have been 42 insider transactions reported to the SEC for First Bancorp (Puerto Rico). These transactions came from the activities of 14 different insiders that resulted in a net disposition of 20,658 company shares. In the preceding 90-day window of time, there were 3 transactions from 3 insiders which resulted in the net disposition of 60,918 shares.

This represents a lower level of transactions than the peer group average in the 394-company Banks peer group over the last 90-day period. Within the peer group activity averaged 105.5 transactions per company, with company insiders acquiring on average 7,435 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1057706/000120919121031009/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.