Popular (BPOP) Scheduled to Post Quarterly Earnings on Wednesday

Popular (NASDAQ:BPOP) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Popular to post earnings of $2.38 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.38. Popular had a return on equity of 11.73% and a net margin of 12.20%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $751.57 million. During the same period in the prior year, the company posted $2.10 EPS. On average, analysts expect Popular to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Popular Price Performance

Shares of BPOP stock opened at $102.01 on Wednesday. Popular has a 12-month low of $59.27 and a 12-month high of $105.01. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.78. The business has a 50 day simple moving average of $98.29 and a 200 day simple moving average of $92.58.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, September 13th. Popular’s dividend payout ratio (DPR) is presently 36.80%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BPOP shares. Hovde Group lifted their price target on Popular from $113.00 to $123.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler started coverage on Popular in a research report on Monday, August 26th. They issued an “overweight” rating and a $112.00 target price for the company. Royal Bank of Canada lifted their price objective on Popular from $90.00 to $108.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Barclays raised their target price on Popular from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $120.00 price objective (up from $110.00) on shares of Popular in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Insider Activity at Popular

In related news, EVP Camille Burckhart sold 5,917 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total value of $577,499.20. Following the completion of the transaction, the executive vice president now directly owns 29,922 shares of the company’s stock, valued at approximately $2,920,387.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.09% of the stock is owned by corporate insiders.

Popular Company Profile

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.