Popular (NASDAQ:BPOP – Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.38, Briefing.com reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $751.57 million. Popular had a return on equity of 12.00% and a net margin of 12.20%. During the same quarter last year, the business posted $2.10 EPS.
Popular Trading Up 1.2 %
Shares of Popular stock traded up $1.23 on Friday, reaching $103.44. The stock had a trading volume of 192,788 shares, compared to its average volume of 393,743. The business’s 50 day moving average is $89.76 and its two-hundred day moving average is $86.68. The company has a market cap of $7.48 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.82 and a beta of 0.80. Popular has a 1 year low of $59.27 and a 1 year high of $105.01.
Popular Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, May 30th were paid a dividend of $0.62 per share. The ex-dividend date was Thursday, May 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.40%. Popular’s payout ratio is 36.80%.
Insider Buying and Selling at Popular
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Popular from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Popular from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Piper Sandler raised their price objective on Popular from $96.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Royal Bank of Canada increased their target price on Popular from $90.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Hovde Group boosted their price target on shares of Popular from $113.00 to $123.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Popular has a consensus rating of “Moderate Buy” and an average target price of $105.22.
Get Our Latest Report on Popular
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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