Popular (BPOP) to Release Earnings on Wednesday

Popular (NASDAQ:BPOP) is expected to be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Popular to post earnings of $2.27 per share and revenue of $760.45 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. On average, analysts expect Popular to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Popular Stock Up 2.3 %

Shares of Popular stock opened at $85.81 on Monday. Popular has a 12-month low of $78.23 and a 12-month high of $106.81. The stock has a market capitalization of $5.95 billion, a P/E ratio of 10.02, a PEG ratio of 0.75 and a beta of 0.62. The stock has a 50 day moving average price of $92.28 and a two-hundred day moving average price of $95.39.

Popular Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, March 18th. Popular’s dividend payout ratio is currently 32.71%.

Analyst Upgrades and Downgrades

BPOP has been the topic of a number of research analyst reports. Wells Fargo & Company raised Popular from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $110.00 to $100.00 in a report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their target price on shares of Popular from $116.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Popular from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Finally, Royal Bank of Canada upped their target price on shares of Popular from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Popular currently has an average rating of “Moderate Buy” and a consensus price target of $111.57.

Insider Activity at Popular

In other news, EVP Gilberto Monzon sold 9,600 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the completion of the sale, the executive vice president now directly owns 39,170 shares in the company, valued at approximately $4,017,666.90. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eduardo J. Negron sold 10,000 shares of Popular stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the transaction, the executive vice president now directly owns 32,866 shares of the company’s stock, valued at $3,418,721.32. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.

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.