1 week Ago By Defense World Staff
Popular, Inc. (NASDAQ:BPOP – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company.
The average 1-year price target among brokers that have covered the stock in the last year is $111.57. Several analysts have commented on the company.
Barclays raised their price objective on Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 20th.
UBS Group initiated coverage on shares of Popular in a report on Tuesday, December 17th. They issued a “neutral” rating and a $104.00 price target for the company.
Keefe, Bruyette & Woods upped their price objective on shares of Popular from $116.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.
StockNews.com upgraded shares of Popular from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank of Canada upped their price target on shares of Popular from $100.
00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.Check Out Our Latest Research Report on BPOPPopular Stock PerformanceShares of NASDAQ BPOP opened at $82.
19 on Friday. The company has a market capitalization of $5.70 billion, a PE ratio of 9.
60, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62.
The company’s fifty day moving average price is $94.10 and its 200 day moving average price is $95.84.
Popular has a 1 year low of $78.23 and a 1 year high of $106.81.
Popular (NASDAQ:BPOP – Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
04 by $0.47. Popular had a net margin of 14.
15% and a return on equity of 11.89%. On average, equities analysts expect that Popular will post 10.
06 EPS for the current year. Popular Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.
70 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.
80 annualized dividend and a yield of 3.41%. Popular’s dividend payout ratio is presently 32.
71%. Insiders Place Their BetsIn other Popular news, EVP Eduardo J. Negron sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th.
The stock was 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. This trade represents a 23.
33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of the business’s stock in a transaction dated Thursday, February 6th.
The shares were sold at an average price of $102.57, for a total transaction 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. The trade was a 19.
68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.
23% of the company’s stock. Institutional Trading of PopularSeveral institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Popular during the fourth quarter worth $27,000.
Picton Mahoney Asset Management grew its holdings in shares of Popular by 56.7% during the 4th quarter. Picton Mahoney Asset Management now owns 326 shares of the bank’s stock worth $31,000 after purchasing an additional 118 shares during the period.
Smartleaf Asset Management LLC increased its position in shares of Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock worth $57,000 after purchasing an additional 218 shares during the last quarter.
Versant Capital Management Inc raised its holdings in Popular by 589.9% in the 1st quarter. Versant Capital Management Inc now owns 821 shares of the bank’s stock valued at $76,000 after buying an additional 702 shares during the period.
Finally, Wilmington Savings Fund Society FSB acquired a new position in Popular in the third quarter valued at about $81,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Popular Company Profile (Get Free ReportPopular, 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.Featured StoriesFive stocks we like better than PopularHow to Most Effectively Use the MarketBeat Earnings ScreenerJPMorgan is a Buy, if You Can Handle The Volatility How to Short Nasdaq: An Easy-to-Follow GuideUnited States Steel’s Crash: An Unmissable Buying OpportunityRide Out The Recession With These Dividend Kings Rocket Lab Stock: Weathering the Storm, Time for a Comeback?.
