Popular Inc (BPOP) Insider Sells $319,860.00 in Stock

Popular Inc (NASDAQ:BPOP) insider Juan Guerrero sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $53.31, for a total value of $319,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of BPOP opened at $55.67 on Friday. Popular Inc has a 12 month low of $32.28 and a 12 month high of $56.16. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.77 and a beta of 1.07.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $1.38 EPS for the quarter, beating the consensus estimate of $1.18 by $0.20. Popular had a return on equity of 8.17% and a net margin of 16.32%. The company had revenue of $602.49 million for the quarter, compared to analyst estimates of $586.10 million. During the same period last year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Popular Inc will post 4.89 EPS for the current year.

Several brokerages have commented on BPOP. ValuEngine raised Popular from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub raised Popular from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Zacks Investment Research raised Popular from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a report on Friday, October 26th. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price objective on shares of Popular in a report on Wednesday, July 25th. Finally, Barclays raised their price objective on Popular from $51.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, July 24th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Popular has a consensus rating of “Buy” and a consensus price target of $54.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in shares of Popular in the second quarter valued at approximately $118,000. Sun Life Financial INC purchased a new position in shares of Popular in the second quarter valued at approximately $206,000. Balasa Dinverno & Foltz LLC purchased a new position in shares of Popular in the third quarter valued at approximately $212,000. Allianz Asset Management GmbH purchased a new position in shares of Popular in the first quarter valued at approximately $240,000. Finally, Oakbrook Investments LLC purchased a new position in shares of Popular in the third quarter valued at approximately $241,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

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About Popular

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.

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Insider Buying and Selling by Quarter for Popular (NASDAQ:BPOP)

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