Popular, Inc. (NASDAQ:BPOP - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.70 per share by the bank on Tuesday, April 1st. This represents a $2.80 annualized dividend and a yield of 2.79%. The ex-dividend date is Tuesday, March 18th.
Popular has increased its dividend by an average of 13.5% per year over the last three years. Popular has a dividend payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Popular to earn $11.73 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 23.9%.
Popular Trading Up 0.0 %
BPOP stock traded up $0.02 during trading on Friday, hitting $100.43. The company had a trading volume of 715,541 shares, compared to its average volume of 461,932. The business has a 50-day moving average of $99.41 and a 200-day moving average of $97.98. Popular has a one year low of $80.60 and a one year high of $106.81. The stock has a market cap of $7.16 billion, a PE ratio of 11.73, a PEG ratio of 0.75 and a beta of 0.82.
Popular (NASDAQ:BPOP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, beating the consensus estimate of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. Research analysts forecast that Popular will post 10.06 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Popular from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. UBS Group assumed coverage on Popular in a report on Tuesday, December 17th. They set a "neutral" rating and a $104.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Barclays increased their price target on Popular from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. Finally, Royal Bank of Canada increased their price target on Popular from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Popular currently has a consensus rating of "Moderate Buy" and an average price target of $112.25.
Check Out Our Latest Analysis on BPOP
Insider Buying and Selling
In related news, EVP Gilberto Monzon sold 9,600 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the completion of the sale, the executive vice president now directly owns 39,170 shares of the company's stock, valued at approximately $4,017,666.90. This represents a 19.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eduardo J. Negron sold 10,000 shares of the 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 sale, the executive vice president now directly owns 32,866 shares of the company's stock, valued at $3,418,721.32. The trade was 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 owned by company insiders.
About Popular
(
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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