Popular (NASDAQ:BPOP) Receives Coverage Optimism Rating of 0.41
Media coverage about Popular (NASDAQ:BPOP) has been trending positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Popular earned a daily sentiment score of 0.41 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Is Popular a Great Stock for Value Investors? – Nasdaq (nasdaq.com)
- Popular bridal dress chain abruptly closes stores, leaving some brides-to-be stranded (abcnews.go.com)
- 15 Most Popular College Majors in 2017 (feedproxy.google.com)
- Sunoco LP (SUN) noted a price change of 0.79% and Popular, Inc. (BPOP) closes with a move of -0.19% – Stocks Gallery (stocksgallery.com)
A number of equities analysts have commented on BPOP shares. BTIG Research restated a “neutral” rating on shares of Popular in a research note on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $51.00 target price on shares of Popular in a research note on Thursday, June 29th. Keefe, Bruyette & Woods set a $46.00 target price on shares of Popular and gave the stock a “hold” rating in a research note on Monday, June 5th. BidaskClub upgraded shares of Popular from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. Finally, TheStreet upgraded shares of Popular from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.00.
Popular (BPOP) opened at 41.25 on Friday. The firm has a 50 day moving average of $38.85 and a 200-day moving average of $41.65. The stock has a market cap of $4.21 billion, a PE ratio of 19.28 and a beta of 1.28. Popular has a 12-month low of $28.96 and a 12-month high of $45.96.
Popular (NASDAQ:BPOP) last issued its earnings results on Tuesday, April 25th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. Popular had a net margin of 11.34% and a return on equity of 6.94%. The business had revenue of $477.97 million during the quarter, compared to analysts’ expectations of $441.33 million. During the same quarter in the prior year, the business posted $0.81 EPS. On average, analysts expect that Popular will post $3.77 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, June 7th. Popular’s payout ratio is 46.95%.
In other news, VP Jorge J. Garcia sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $38.15, for a total value of $152,600.00. Following the completion of the transaction, the vice president now owns 11,502 shares in the company, valued at approximately $438,801.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alejandro M. Ballester sold 3,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $42.15, for a total transaction of $126,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,806 shares of company stock valued at $932,921. Company insiders own 1.27% of the company’s stock.
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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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