First BanCorp. (FBP) Shares Soar 3.06% on Wells Fargo Upgrade, Award

First BanCorp. (FBP) shares rose 0.66% today, marking the second consecutive day of gains, with a total increase of 3.06% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 0.86%.

First BanCorp. (FBP) has recently received a revised price target from Wells Fargo, which increased from $20 to $22, while maintaining an Overweight rating. This adjustment reflects a positive outlook on the company's future performance and has likely contributed to the recent upward trend in its stock price.

In addition to the revised price target, First BanCorp. has been recognized as a new member of the KBW 2025 Bank Honor Roll Award winners. This prestigious award highlights the company's strong financial performance and commitment to excellence in the banking industry, further bolstering investor confidence and potentially driving stock price appreciation.

Overall, the combination of a higher price target from a major financial institution and recognition from a respected industry award has created a favorable environment for First BanCorp. (FBP) shares, contributing to the recent positive market sentiment and potential for further stock price gains.