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

Media coverage about Popular (NASDAQ:BPOP) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Popular earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.8263356338184 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

A number of research firms recently commented on BPOP. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Barclays lifted their target price on shares of Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. BTIG Research upgraded shares of Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods upgraded shares of Popular from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 28th. Finally, Citigroup began coverage on shares of Popular in a research note on Thursday. They issued a “buy” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Popular has an average rating of “Hold” and a consensus price target of $46.50.

Popular (NASDAQ:BPOP) traded down $0.02 on Friday, reaching $36.69. 625,472 shares of the company’s stock were exchanged, compared to its average volume of 1,217,618. Popular has a 12 month low of $32.04 and a 12 month high of $45.96. The stock has a market cap of $3,745.39, a price-to-earnings ratio of 18.62 and a beta of 1.31.

Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.76). Popular had a return on equity of 5.70% and a net margin of 9.98%. The business had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $513.85 million. During the same period in the prior year, the business posted $0.44 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. sell-side analysts forecast that Popular will post 2.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, December 4th. Popular’s dividend payout ratio is presently 50.76%.

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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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