Popular (BPOP) Projected to Post Earnings on Tuesday

Popular (NASDAQ:BPOP) will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Popular to post earnings of $2.04 per share and revenue of $748,638.98 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.17). Popular had a net margin of 12.36% and a return on equity of 11.35%. The business had revenue of $736.56 million during the quarter, compared to analyst estimates of $766.62 million. During the same quarter last year, the business earned $1.90 earnings per share. Popular’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect Popular to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Popular Trading Up 0.9 %

Shares of BPOP stock opened at $99.64 on Tuesday. The firm’s fifty day moving average price is $96.40 and its two-hundred day moving average price is $96.83. Popular has a 1 year low of $79.50 and a 1 year high of $105.01. The firm has a market capitalization of $7.11 billion, a P/E ratio of 13.54, a PEG ratio of 0.60 and a beta of 0.81.

Popular Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, December 6th. This is an increase from Popular’s previous quarterly dividend of $0.62. Popular’s dividend payout ratio is presently 38.04%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group started coverage on Popular in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $104.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Popular from $103.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Barclays increased their price target on shares of Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Royal Bank of Canada decreased their target price on Popular from $108.00 to $96.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price target on Popular from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Insider Buying and Selling at Popular

In related news, VP Adorno Denissa Rodriguez sold 1,825 shares of the stock in a transaction 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 sale, the vice president now directly owns 3,332 shares of the company’s stock, valued at approximately $325,569.72. This represents a 35.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Beatriz Castellvi sold 3,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $347,060.00. Following the completion of the sale, the executive vice president now directly owns 25,115 shares of the company’s stock, valued at $2,490,403.40. The trade was a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.

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.