Popular Inc. (BPOP) Sets New 12-Month High at $38.60
Popular Inc. (NASDAQ:BPOP)’s share price hit a new 52-week high on Monday . The stock traded as high as $38.60 and last traded at $38.48, with a volume of 356,315 shares changing hands. The stock had previously closed at $38.14.
BPOP has been the subject of several research reports. TheStreet raised Popular from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. BTIG Research reissued a “buy” rating and set a $41.00 price objective on shares of Popular in a report on Tuesday, July 12th. Barclays PLC increased their target price on Popular from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $48.00 target price on shares of Popular in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Popular presently has an average rating of “Hold” and a consensus price target of $37.29.
The firm has a market cap of $4.00 billion and a P/E ratio of 10.10. The stock has a 50 day moving average price of $34.55 and a 200 day moving average price of $30.24.
Popular (NASDAQ:BPOP) last issued its earnings results on Tuesday, July 26th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. During the same quarter in the previous year, the firm posted $5.79 EPS. Analysts expect that Popular Inc. will post $3.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.56%.
A hedge fund recently raised its stake in Popular stock. Airain ltd raised its position in Popular Inc. (NASDAQ:BPOP) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,326 shares of the company’s stock after buying an additional 2,365 shares during the period. Airain ltd owned about 0.06% of Popular worth $1,851,000 as of its most recent SEC filing.
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.