Popular (BPOP) Scheduled to Post Quarterly Earnings on Wednesday

Popular (NASDAQ:BPOPGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $2.75 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Popular (NASDAQ:BPOPGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The bank reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $3.17. Popular had a return on equity of 22.68% and a net margin of 32.87%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $709.10 million. On average, analysts expect Popular to post $14 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Popular Stock Performance

Shares of BPOP stock traded down $0.70 on Tuesday, reaching $68.34. 501,142 shares of the company’s stock traded hands, compared to its average volume of 412,169. Popular has a 12-month low of $62.55 and a 12-month high of $95.28. The company has a market capitalization of $4.97 billion, a P/E ratio of 4.97 and a beta of 0.87. The business’s 50 day moving average price is $67.54 and its two-hundred day moving average price is $72.78.

Popular Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Wednesday, December 7th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, December 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.22%. Popular’s dividend payout ratio is 16.01%.

Institutional Trading of Popular

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Popular by 11.6% in the third quarter. Vanguard Group Inc. now owns 7,880,331 shares of the bank’s stock worth $567,856,000 after buying an additional 816,384 shares during the last quarter. State Street Corp lifted its position in shares of Popular by 11.8% during the 3rd quarter. State Street Corp now owns 2,478,197 shares of the bank’s stock worth $179,787,000 after purchasing an additional 262,172 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Popular by 394.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,108,132 shares of the bank’s stock worth $85,249,000 after purchasing an additional 883,818 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Popular by 5.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 585,797 shares of the bank’s stock worth $47,883,000 after purchasing an additional 28,481 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Popular by 29.6% during the 1st quarter. Royal Bank of Canada now owns 429,872 shares of the bank’s stock worth $35,138,000 after purchasing an additional 98,152 shares during the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.

Wall Street Analyst Weigh In

BPOP has been the subject of a number of research reports. UBS Group reduced their price objective on Popular to $100.00 in a research report on Wednesday, November 16th. Royal Bank of Canada reduced their price objective on Popular from $91.00 to $80.00 in a research report on Thursday, October 27th. Piper Sandler reduced their price objective on Popular to $90.00 in a research report on Tuesday, November 1st. Wells Fargo & Company reduced their price objective on Popular from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, December 15th. Finally, StockNews.com cut Popular from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th.

Popular Company Profile

(Get Rating)

Popular, Inc operates as a holding company. The firm engages in the provision of banking and financial services. It operates through the following segments: Banco Popular de Puerto Rico, Popular U.S., and Corporate Group. The Banco Popular de Puerto Rico segment includes commercial banking, consumer and retail banking, and other financial services.

Read More

Earnings History for Popular (NASDAQ:BPOP)

Receive News & Ratings for Popular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular and related companies with MarketBeat.com's FREE daily email newsletter.