Insider Selling: O. Rivera Nestor Sells 14,085 Shares of Popular Stock (BPOP)
Popular (NASDAQ:BPOP) EVP O. Rivera Nestor sold 14,085 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $30.98, for a total transaction of $436,353.30. Following the completion of the transaction, the executive vice president now directly owns 25,103 shares in the company, valued at approximately $777,691. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Popular (NASDAQ:BPOP) traded down 0.87% during mid-day trading on Wednesday, hitting $30.94. 390,813 shares of the company’s stock traded hands. Popular has a 52-week low of $23.97 and a 52-week high of $34.95. The stock has a 50-day moving average of $31.8 and a 200-day moving average of $30.9. The company’s market cap is $3.202 billion.
Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Thursday, July 24th. The company reported ($3.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $3.91. During the same quarter in the previous year, the company posted $3.18 earnings per share. Analysts expect that Popular will post $2.53 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Guggenheim upgraded shares of Popular from a “neutral” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, up previously from $37.00. Separately, analysts at Zacks downgraded shares of Popular from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $38.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Popular from $5.00 to $39.00 in a research note on Friday, June 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.00.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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