Popular, Inc. (BPOP) Set to Announce Earnings on Tuesday
Popular, Inc. (NASDAQ:BPOP) will be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Popular to post earnings of $0.95 per share for the quarter.
Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. Popular had a return on equity of 7.11% and a net margin of 11.57%. The company had revenue of $491.27 million for the quarter, compared to analysts’ expectations of $500.66 million. During the same period last year, the firm earned $0.85 EPS. On average, analysts expect Popular to post $3.6 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
Shares of Popular, Inc. (NASDAQ:BPOP) traded up 0.59% during trading on Tuesday, hitting $32.48. The stock had a trading volume of 316,170 shares. Popular, Inc. has a 52 week low of $32.04 and a 52 week high of $45.96. The stock’s 50 day moving average is $36.61 and its 200 day moving average is $39.32. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.67 and a beta of 1.25.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Thursday, September 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date was Wednesday, September 13th. Popular’s dividend payout ratio is 45.05%.
Several research analysts have issued reports on BPOP shares. Zacks Investment Research downgraded Popular from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub raised Popular from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC reduced their price objective on Popular from $47.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $51.00 price objective on shares of Popular in a report on Thursday, June 29th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $53.00 price objective on shares of Popular in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Popular has a consensus rating of “Hold” and a consensus target price of $46.33.
An institutional investor recently raised its position in Popular stock. The Manufacturers Life Insurance Company raised its holdings in shares of Popular, Inc. (NASDAQ:BPOP) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,980 shares of the bank’s stock after acquiring an additional 200 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Popular were worth $124,000 at the end of the most recent reporting period. Institutional investors own 85.92% of the company’s stock.
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.
Receive News & Ratings for Popular Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular Inc. and related companies with MarketBeat.com's FREE daily email newsletter.