Popular, Inc. (NASDAQ:BPOP) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.95 per share for the quarter.
Popular (NASDAQ:BPOP) last announced its earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Popular had a net margin of 11.57% and a return on equity of 7.11%. The company had revenue of $491.27 million during the quarter, compared to the consensus estimate of $500.66 million. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts expect Popular to post $3.36 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
Popular, Inc. (NASDAQ BPOP) opened at 34.63 on Friday. The firm has a 50 day moving average of $36.24 and a 200-day moving average of $39.17. Popular, Inc. has a 52 week low of $32.05 and a 52 week high of $45.96. The company has a market capitalization of $3.53 billion, a P/E ratio of 15.64 and a beta of 1.25.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 14th were issued a $0.25 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. Popular’s dividend payout ratio (DPR) is currently 45.05%.
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A number of research analysts have recently commented on BPOP shares. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 target price (up previously from $42.00) on shares of Popular in a report on Friday, July 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 target price on shares of Popular in a report on Friday, July 28th. ValuEngine cut shares of Popular from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Barclays PLC dropped their target price on shares of Popular from $47.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.33.
A hedge fund recently raised its stake in Popular stock. The Manufacturers Life Insurance Company boosted its holdings in Popular, Inc. (NASDAQ:BPOP) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,980 shares of the bank’s stock after buying an additional 200 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Popular were worth $124,000 at the end of the most recent reporting period. 85.92% of the stock is currently owned by institutional investors and hedge funds.
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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