Popular (BPOP) Receiving Somewhat Favorable Media Coverage, Report Finds

Media coverage about Popular (NASDAQ:BPOP) has trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Popular earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.9856288445126 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Several research analysts have recently weighed in on the company. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods set a $49.00 target price on Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research cut Popular from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Citigroup boosted their target price on Popular from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Barclays upped their price objective on Popular from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.31.

BPOP opened at $43.76 on Friday. Popular has a one year low of $32.04 and a one year high of $46.83. The company has a market capitalization of $4,418.54, a P/E ratio of 16.33 and a beta of 1.11.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. Popular had a return on equity of 5.29% and a net margin of 4.89%. The firm had revenue of $473.35 million for the quarter. equities analysts anticipate that Popular will post 3.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 15th. Popular’s dividend payout ratio is presently 37.31%.

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Popular Company Profile

Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.

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