First BanCorp. (FBP) Chairman of the Board Roberto R Herencia buys 3,209 Shares

Chairman of the Board of First BanCorp. (FBP) Roberto R Herencia buys 3,209 shares of FBP on 12/01/2011 at an average price of $3.41 a share.

First Bancorp has a market cap of $75.7 million; its shares were traded at around $3.55 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 36,666 shares of FBP stock on 12/01/2011 at the average price of 3.46. Aurelio Aleman owns at least 64,999 shares after this. The price of the stock has increased by 2.6% since.
• 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 2.31% since.

CFO Recent Trades:

• CFO Gonzalez Orlando Berges bought 5,333 shares of FBP stock on 11/29/2011 at the average price of 3.5. Gonzalez Orlando Berges owns at least 5,999 shares after this. The price of the stock has increased by 1.43% 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 Amaro Fernando Rodriguez bought 1,073 shares of FBP stock on 11/29/2011 at the average price of 3.5. Amaro Fernando Rodriguez owns at least 3,219 shares after this. The price of the stock has increased by 1.43% since.
• 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 increased by 1.43% 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 increased by 1.43% 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 2.9% 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 2.6% 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

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool