EVP Lopez-Lay Ginoris sold 64,000 shares of FBP at $21.75 for $1.4M; retains 193,407 shares
EVP Lopez-Lay Ginoris sold 64,000 shares (64.0K shares) at $21.75, reducing holdings by 24.9% to 193,407 shares. The stock is currently trading at $21.65, just 0.46% below the transaction price, within its 52-week range of $13.96–$22.20 and near the 52-week high of $22.20. First Bancorp's fundamentals remain solid with recent quarterly revenue of $234,566,000.00 (234.6M), net income of $73,727,000.00 (73.7M), annual growth of 17.3%, and a P/E of 11.70. The sale occurs in the context of modest near-term price appreciation (30-day change: +3.4%, 90-day change: +9.3%) but without a defined trading plan disclosure pattern or stated rationale in available data.