Favorable News Coverage Somewhat Unlikely to Impact Popular (BPOP) Share Price

Press coverage about Popular (NASDAQ:BPOP) has been trending positive on Tuesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Popular earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.3055146771175 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

BPOP has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Popular from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Popular from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. BTIG Research reaffirmed a “buy” rating on shares of Popular in a research report on Tuesday, January 23rd. Morgan Stanley lifted their target price on shares of Popular from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Sandler O’Neill set a $48.00 target price on shares of Popular and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Popular presently has a consensus rating of “Buy” and an average target price of $48.31.

Popular (BPOP) traded down $0.66 during trading hours on Tuesday, reaching $43.38. 667,789 shares of the company’s stock were exchanged, compared to its average volume of 921,598. Popular has a fifty-two week low of $32.04 and a fifty-two week high of $46.83. The company has a market cap of $4,550.81, a P/E ratio of 42.95 and a beta of 1.10.

Popular (NASDAQ:BPOP) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.22. Popular had a net margin of 4.89% and a return on equity of 5.29%. The business had revenue of $473.35 million during the quarter. equities research analysts expect that Popular will post 3.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 15th. Popular’s payout ratio is 99.01%.

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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.

Insider Buying and Selling by Quarter for Popular (NASDAQ:BPOP)

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