Popular (NASDAQ:BPOP) will release its earnings data before the market opens on Monday, January 22nd.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). The business had revenue of $478.50 million for the quarter, compared to the consensus estimate of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. Popular’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. On average, analysts expect Popular to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Popular (NASDAQ BPOP) opened at $38.63 on Monday. The stock has a market capitalization of $3,940.00, a price-to-earnings ratio of 19.71 and a beta of 1.31. Popular has a 52 week low of $32.04 and a 52 week high of $45.96.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, December 4th. Popular’s dividend payout ratio is 51.02%.

A hedge fund recently raised its stake in Popular stock. The Manufacturers Life Insurance Company raised its position in shares of Popular Inc (NASDAQ:BPOP) by 7.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,980 shares of the bank’s stock after purchasing 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. 88.94% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on BPOP. BidaskClub raised Popular from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday. Citigroup began coverage on Popular in a research note on Thursday, December 21st. They set a “buy” rating and a $47.00 price objective for the company. Morgan Stanley lifted their price objective on Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, ValuEngine raised Popular from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Popular currently has a consensus rating of “Buy” and an average target price of $45.93.

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About Popular

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.

Earnings History for Popular (NASDAQ:BPOP)

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