Somewhat Favorable News Coverage Somewhat Unlikely to Impact Popular (BPOP) Stock Price
Media stories about Popular (NASDAQ:BPOP) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Popular earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.0140704216654 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- German Students Hit 201 MPH in SpaceX Hyperloop Contest – Bloomberg (bloomberg.com)
- Is Popular Inc (BPOP) Building Momentum? – FLBC News (flbcnews.com)
- Popular, Inc. (BPOP) Declares $0.25 Quarterly Dividend (americanbankingnews.com)
- Popular Inc (BPOP) Seeing Increased Action in Session – Sparta Review (spartareview.com)
- POPULAR, INC. – StreetInsider.com (streetinsider.com)
Shares of Popular (BPOP) traded down 1.68% during midday trading on Monday, hitting $39.81. 203,285 shares of the stock were exchanged. The firm has a 50 day moving average of $41.21 and a 200-day moving average of $40.85. Popular has a 12 month low of $35.08 and a 12 month high of $45.96. The stock has a market cap of $4.06 billion, a P/E ratio of 17.98 and a beta of 1.28.
Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm had revenue of $491.27 million for the quarter, compared to analyst estimates of $500.66 million. Popular had a net margin of 11.57% and a return on equity of 7.11%. During the same period in the previous year, the firm earned $0.85 EPS. Equities research analysts anticipate that Popular will post $3.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 14th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.00 annualized dividend and a yield of 2.51%. Popular’s dividend payout ratio (DPR) is currently 45.05%.
A number of equities research analysts have issued reports on BPOP shares. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price target on shares of Popular in a report on Friday, July 28th. Morgan Stanley cut their price target on shares of Popular from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Popular from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, July 10th. Keefe, Bruyette & Woods set a $46.00 price target on shares of Popular and gave the stock a “hold” rating in a report on Monday, June 5th. Finally, BidaskClub raised shares of Popular from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. One 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. Popular has an average rating of “Hold” and an average price target of $47.83.
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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