Popular (NASDAQ:BPOP – Get Free Report) announced its quarterly earnings data on Wednesday. The bank reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.22), Briefing.com reports. The company had revenue of $736.56 million for the quarter, compared to analyst estimates of $766.62 million. Popular had a return on equity of 11.73% and a net margin of 12.20%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share.
Popular Stock Down 0.8 %
NASDAQ:BPOP traded down $0.76 during mid-day trading on Thursday, reaching $88.97. 877,874 shares of the stock were exchanged, compared to its average volume of 412,714. Popular has a 1 year low of $59.27 and a 1 year high of $105.01. The company has a 50 day simple moving average of $98.54 and a 200-day simple moving average of $93.04. The stock has a market capitalization of $6.43 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.66 and a beta of 0.78.
Popular Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $0.62 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. Popular’s dividend payout ratio (DPR) is presently 36.80%.
Analysts Set New Price Targets
Read Our Latest Research Report on BPOP
Insider Activity
In other news, EVP Camille Burckhart sold 5,917 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $577,499.20. Following the transaction, the executive vice president now directly owns 29,922 shares in the company, valued at approximately $2,920,387.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.09% of the company’s stock.
About Popular
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.
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