Popular Inc (NASDAQ:BPOP) saw unusually-strong trading volume on Friday . Approximately 3,291,604 shares were traded during trading, an increase of 255% from the previous session’s volume of 925,945 shares.The stock last traded at $44.54 and had previously closed at $44.54.
Several equities research analysts have recently commented on BPOP shares. ValuEngine raised Popular from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Popular from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. BTIG Research reissued a “buy” rating on shares of Popular in a research note on Tuesday, January 23rd. Morgan Stanley boosted their price target on Popular from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Sandler O’Neill set a $48.00 price target on Popular and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Popular presently has an average rating of “Buy” and an average target price of $48.31.
The company has a market capitalization of $4,550.83, a P/E ratio of 44.10 and a beta of 1.10.
Popular (NASDAQ:BPOP) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. Popular had a return on equity of 5.29% and a net margin of 4.89%. The firm had revenue of $473.35 million for the quarter. equities analysts predict that Popular Inc will post 3.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 15th. Popular’s payout ratio is currently 99.01%.
A number of hedge funds have recently bought and sold shares of BPOP. The Manufacturers Life Insurance Company lifted its stake in Popular by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock valued at $124,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Popular by 49.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,797 shares of the bank’s stock valued at $206,000 after buying an additional 1,910 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Popular in the 4th quarter valued at approximately $209,000. Invictus RG purchased a new stake in Popular in the 4th quarter valued at approximately $228,000. Finally, Algert Global LLC purchased a new stake in Popular in the 3rd quarter valued at approximately $245,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
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Popular Company Profile
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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