Popular (BPOP) Projected to Post Quarterly Earnings on Tuesday

Popular (NASDAQ:BPOP) is expected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $2.04 per share and revenue of $748,638.98 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Popular Trading Up 0.5 %

Shares of Popular stock opened at $101.58 on Monday. The business’s 50-day moving average price is $96.72 and its 200-day moving average price is $97.21. The firm has a market capitalization of $7.24 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.65 and a beta of 0.81. Popular has a 12 month low of $80.60 and a 12 month high of $105.01.

Popular Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 6th. This is an increase from Popular’s previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. Popular’s dividend payout ratio (DPR) is 38.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group started coverage on Popular in a report on Tuesday, December 17th. They issued a “neutral” rating and a $104.00 price objective on the stock. Wells Fargo & Company increased their target price on Popular from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Piper Sandler decreased their price target on Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Popular from $103.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Insider Activity at Popular

In other Popular news, EVP Beatriz Castellvi sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $347,060.00. Following the transaction, the executive vice president now owns 25,115 shares in the company, valued at approximately $2,490,403.40. This represents a 12.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Adorno Denissa Rodriguez sold 1,825 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $97.71, for a total value of $178,320.75. Following the completion of the transaction, the vice president now directly owns 3,332 shares of the company’s stock, valued at $325,569.72. This represents a 35.39 % decrease in their position. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by company insiders.

About Popular

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.