First BanCorp. (FBP) CEO Aurelio Aleman buys 36,666 Shares

President & CEO of First BanCorp. (FBP) Aurelio Aleman buys 36,666 shares of FBP on 12/01/2011 at an average price of $3.46 a share.

First Bancorp has a market cap of $74.6 million; its shares were traded at around $3.5 with and P/S ratio of 0.1.

This is the annual revenues and earnings per share of FBP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of FBP.

CEO Recent Trades:

• President & CEO Aurelio Aleman bought 15,000 shares of FBP stock on 11/23/2011 at the average price of 3.47. Aurelio Aleman owns at least 28,333 shares after this. The price of the stock has increased by 0.86% since.

This is the insider trade history vs. stock price of FBP. For the complete insider trading history of FBP, click here.

Directors and Officers Recent Trades:

• Director Perello Jose F Rodriguez bought 22,068 shares of FBP stock on 11/29/2011 at the average price of 3.5. Perello Jose F Rodriguez owns at least 75,336 shares after this. The price of the stock has decreased by 0% since.
• Chairman of the Board Roberto R Herencia bought 4,598 shares of FBP stock on 11/29/2011 at the average price of 3.5. Roberto R Herencia owns at least 106,432 shares after this. The price of the stock has decreased by 0% since.
• Director Perello Jose F Rodriguez bought 3,000 shares of FBP stock on 11/23/2011 at the average price of 3.45. Perello Jose F Rodriguez owns at least 53,268 shares after this. The price of the stock has increased by 1.45% since.
• Chairman of the Board Roberto R Herencia bought 15,362 shares of FBP stock on 11/23/2011 at the average price of 3.46. Roberto R Herencia owns at least 101,834 shares after this. The price of the stock has increased by 1.16% since.
• Chairman of the Board Roberto R Herencia bought 30,000 shares of FBP stock on 11/22/2011 at the average price of 3.5. Roberto R Herencia owns at least 86,472 shares after this. The price of the stock has decreased by 0% since.

For the complete insider trading history of FBP, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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