Popular Inc. (BPOP) Reaches New 1-Year High at $39.75
Popular Inc. (NASDAQ:BPOP)’s share price hit a new 52-week high on Monday . The stock traded as high as $39.75 and last traded at $39.74, with a volume of 468,900 shares traded. The stock had previously closed at $39.46.
BPOP has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $41.00 price target on shares of Popular in a report on Tuesday, July 12th. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Barclays PLC increased their price target on shares of Popular from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded shares of Popular from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $48.00 price target on shares of Popular in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.29.
The company has a market cap of $4.12 billion and a PE ratio of 10.42. The stock’s 50 day moving average price is $35.56 and its 200-day moving average price is $30.53.
Popular (NASDAQ:BPOP) last posted its earnings results on Tuesday, July 26th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. During the same period in the previous year, the firm posted $5.79 EPS. Equities analysts expect that Popular Inc. will post $3.42 earnings per share 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, September 7th.
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.