FIRST BNCRP P R (FBP) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of FIRST BNCRP P R (FBP) from NEUTRAL to UNDERPERFORM on June 11, 2013, with a target price of $6.60.

First Bancorp distinguished itself by providing innovative marketing strategies and novel products to attract clients. Besides the branches and lending offices, the Corporation has offered a telephone information service called "Telebanco" since 1983. This was the first telebanking service offered in Puerto Rico. The Corporation's clients have access to an extensive ATM network all over the world. The Corporation was the first in Puerto Rico to open on weekends and the first to offer in-store branches to its clients.

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