Insider Selling: Popular Inc (NASDAQ:BPOP) Director Sells 9,100 Shares of Stock

Popular Inc (NASDAQ:BPOP) Director Maria Luisa Ferre sold 9,100 shares of Popular stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $56.62, for a total transaction of $515,242.00. Following the sale, the director now owns 34,927 shares of the company’s stock, valued at $1,977,566.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ BPOP opened at $55.81 on Friday. Popular Inc has a 12 month low of $44.22 and a 12 month high of $58.99. The company has a 50 day simple moving average of $54.65 and a two-hundred day simple moving average of $54.51. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 11.70 and a beta of 1.19.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.70 EPS for the quarter, beating the consensus estimate of $1.60 by $0.10. Popular had a net margin of 21.47% and a return on equity of 11.60%. The business had revenue of $619.70 million during the quarter, compared to analysts’ expectations of $624.80 million. During the same period in the previous year, the business posted $1.38 EPS. Sell-side analysts forecast that Popular Inc will post 6.8 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Banco Santander S.A. lifted its stake in Popular by 119.6% during the 3rd quarter. Banco Santander S.A. now owns 11,688 shares of the bank’s stock valued at $632,000 after acquiring an additional 6,366 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Popular by 11.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 49,009 shares of the bank’s stock valued at $2,651,000 after purchasing an additional 5,105 shares during the period. SG Americas Securities LLC lifted its stake in shares of Popular by 139.3% in the 3rd quarter. SG Americas Securities LLC now owns 16,461 shares of the bank’s stock valued at $890,000 after purchasing an additional 9,582 shares during the period. First Trust Advisors LP lifted its stake in shares of Popular by 55.8% in the 3rd quarter. First Trust Advisors LP now owns 421,403 shares of the bank’s stock valued at $22,789,000 after purchasing an additional 150,983 shares during the period. Finally, Symmetry Partners LLC lifted its stake in shares of Popular by 50.1% in the 3rd quarter. Symmetry Partners LLC now owns 6,976 shares of the bank’s stock valued at $377,000 after purchasing an additional 2,329 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

Several analysts have commented on BPOP shares. BTIG Research restated a “buy” rating and set a $66.00 price objective on shares of Popular in a research note on Thursday, July 25th. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. ValuEngine cut shares of Popular from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, BidaskClub upgraded shares of Popular from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.00.

Popular Company Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. 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, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.

Further Reading: Intrinsic Value

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

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