Popular Inc (NASDAQ:BPOP) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.30 per share by the bank on Thursday, January 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, December 4th.
BPOP opened at $55.31 on Monday. The firm has a market cap of $5.35 billion, a P/E ratio of 11.60 and a beta of 1.18. Popular has a 52-week low of $44.22 and a 52-week high of $58.99. The business’s fifty day moving average is $55.15 and its 200-day moving average is $54.30.
Popular (NASDAQ:BPOP) last released its earnings results on Wednesday, October 23rd. The bank reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.10. The company had revenue of $619.70 million for the quarter, compared to analyst estimates of $624.80 million. Popular had a return on equity of 11.40% and a net margin of 21.47%. During the same period in the prior year, the firm posted $1.38 EPS. As a group, equities analysts anticipate that Popular will post 6.8 EPS for the current year.
In related news, Director Joaquin E. Bacardi III sold 7,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.00, for a total value of $385,000.00. Following the sale, the director now directly owns 29,722 shares of the company’s stock, valued at $1,634,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Luisa Ferre sold 9,100 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $56.62, for a total value of $515,242.00. Following the completion of the sale, the director now directly owns 34,927 shares in the company, valued at $1,977,566.74. The disclosure for this sale can be found here. Insiders sold 33,961 shares of company stock worth $1,890,377 over the last ninety days. 1.33% of the stock is currently owned by insiders.
Several analysts have recently issued reports on the company. BidaskClub raised Popular from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research lowered Popular from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.00.
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.
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