Popular (NASDAQ:BPOP - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $2.27 per share and revenue of $760.45 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.
Popular (NASDAQ:BPOP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. On average, analysts expect Popular to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Popular Price Performance
NASDAQ:BPOP traded up $1.91 during mid-day trading on Friday, reaching $85.81. The stock had a trading volume of 613,856 shares, compared to its average volume of 477,060. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. Popular has a 1-year low of $78.23 and a 1-year high of $106.81. The stock's 50 day simple moving average is $92.63 and its two-hundred day simple moving average is $95.45.
Popular Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, March 18th. Popular's dividend payout ratio is presently 32.71%.
Wall Street Analyst Weigh In
BPOP has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $110.00 to $100.00 in a report on Wednesday, April 9th. StockNews.com raised shares of Popular from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Barclays raised their price target on Popular from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods boosted their target price on Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada increased their price target on shares of Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Popular has a consensus rating of "Moderate Buy" and an average price target of $111.57.
View Our Latest Analysis on BPOP
Insider Activity
In related news, EVP Gilberto Monzon sold 9,600 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $102.57, for a total value of $984,672.00. Following the transaction, the executive vice president now directly owns 39,170 shares in the company, valued at approximately $4,017,666.90. This represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eduardo J. Negron sold 10,000 shares of Popular stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the transaction, the executive vice president now directly owns 32,866 shares of the company's stock, valued at $3,418,721.32. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.
Popular Company Profile
(
Get Free Report)
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.
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