Popular (NASDAQ:BPOP) is set to announce its earnings results before the market opens on Monday, January 22nd.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). The company had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $513.85 million. Popular had a return on equity of 5.70% and a net margin of 9.98%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, analysts expect Popular to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Popular (NASDAQ:BPOP) opened at $38.63 on Monday. The company has a market capitalization of $3,940.00, a PE ratio of 19.71 and a beta of 1.31. Popular has a twelve month low of $32.04 and a twelve month high of $45.96.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 5th were issued a $0.25 dividend. The ex-dividend date was Monday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. Popular’s dividend payout ratio is currently 51.02%.

Several research analysts have recently commented on BPOP shares. ValuEngine downgraded Popular from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded Popular from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Barclays decreased their price objective on Popular from $47.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. BTIG Research upgraded Popular from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $50.50 price objective on shares of Popular in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.93.

A hedge fund recently raised its stake in Popular stock. The Manufacturers Life Insurance Company increased its holdings in Popular Inc (NASDAQ:BPOP) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,980 shares of the bank’s stock after purchasing an additional 200 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Popular were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 88.94% of the company’s stock.

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About Popular

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.

Earnings History for Popular (NASDAQ:BPOP)

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