Popular, Inc. (NASDAQ:BPOP) was the recipient of some unusual options trading on Tuesday. Traders acquired 1,084 call options on the stock. This is an increase of Infinity compared to the average volume of 0 call options.

Shares of Popular (BPOP) opened at $33.56 on Friday. Popular has a 52 week low of $32.04 and a 52 week high of $45.96. The firm has a market capitalization of $3,387.28, a P/E ratio of 11.53 and a beta of 1.33.

Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.76). Popular had a net margin of 4.32% and a return on equity of 1.51%. The business had revenue of $478.50 million for the quarter, compared to the consensus estimate of $513.85 million. During the same quarter in the previous year, the company earned $0.44 EPS. Popular’s revenue for the quarter was up 11.3% compared to the same quarter last year. equities analysts forecast that Popular will post 2.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.00 annualized dividend and a yield of 2.98%. Popular’s payout ratio is 50.76%.

A number of institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC raised its holdings in Popular by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 17,525 shares of the bank’s stock valued at $731,000 after acquiring an additional 75 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Popular by 1.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,326 shares of the bank’s stock valued at $347,000 after acquiring an additional 128 shares in the last quarter. M&T Bank Corp raised its holdings in Popular by 2.8% in the 2nd quarter. M&T Bank Corp now owns 5,777 shares of the bank’s stock valued at $241,000 after acquiring an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Popular by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock valued at $124,000 after acquiring an additional 200 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Popular by 0.4% in the 2nd quarter. Aperio Group LLC now owns 103,469 shares of the bank’s stock valued at $4,316,000 after acquiring an additional 380 shares in the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Popular from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Barclays PLC raised Popular from an “equal weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Thursday, October 26th. ValuEngine raised Popular from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Compass Point raised Popular from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, BTIG Research raised Popular from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.75.

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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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