Popular (BPOP) Expected to Announce Quarterly Earnings on Tuesday

Popular (NASDAQ:BPOP) is projected to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $2.04 per share and revenue of $748,638.98 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Popular Trading Up 0.5 %

BPOP stock opened at $101.58 on Monday. The stock’s 50 day simple moving average is $96.72 and its 200 day simple moving average is $97.21. Popular has a 12-month low of $80.60 and a 12-month high of $105.01. The stock has a market capitalization of $7.24 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.65 and a beta of 0.81.

Popular Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $0.70 per share. This is an increase from Popular’s previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, December 6th. Popular’s dividend payout ratio is presently 38.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BPOP. Wells Fargo & Company boosted their target price on Popular from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada decreased their price objective on shares of Popular from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Piper Sandler lowered their price objective on shares of Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their target price on shares of Popular from $103.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Barclays boosted their target price on shares of Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Insider Transactions at Popular

In other Popular news, VP Adorno Denissa Rodriguez sold 1,825 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $97.71, for a total transaction of $178,320.75. Following the sale, the vice president now owns 3,332 shares in the company, valued at approximately $325,569.72. This trade represents a 35.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz Castellvi sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $347,060.00. Following the completion of the transaction, the executive vice president now owns 25,115 shares of the company’s stock, valued at approximately $2,490,403.40. The trade was a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

Popular Company Profile

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.