First Bancorp Plunges 47.84% Amid Market Sentiment Shift

On April 2, 2025, First Bancorp. experienced a significant drop of 47.84% in pre-market trading, indicating a substantial shift in investor sentiment towards the company.

Sei Investments Co. has recently disclosed a significant position in First BanCorp., holding approximately 0.27% of the company's shares valued at $8.13 million. This investment highlights the confidence of institutional investors in the company's future prospects, despite the recent market volatility.

The substantial drop in First BanCorp.'s stock price can be attributed to various factors, including market sentiment and potential changes in the company's financial outlook. Investors are closely monitoring the situation, and any further developments could impact the stock's performance in the coming days.