Popular (BPOP) Earning Positive Media Coverage, Report Shows
Media headlines about Popular (NASDAQ:BPOP) have been trending positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Popular earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.7009396336773 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Popular Optometric Practice Reminds Area Residents to Use Their FSA and HSA Accounts (markets.financialcontent.com)
- 18 Most Popular Social Media Apps in 2017: Should Facebook Worry? (feedproxy.google.com)
- Popular Sees Unusually High Options Volume (BPOP) (americanbankingnews.com)
- 50 Most Popular Female Comedians (feedproxy.google.com)
- Popular, Inc. (BPOP) Plans $0.25 Quarterly Dividend (americanbankingnews.com)
Shares of Popular (NASDAQ BPOP) traded up $0.14 during midday trading on Monday, hitting $34.37. The company had a trading volume of 603,959 shares, compared to its average volume of 731,410. The stock has a market capitalization of $3,492.36, a price-to-earnings ratio of 11.89 and a beta of 1.33. Popular has a 12-month low of $32.04 and a 12-month high of $45.96.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.76). The firm had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. equities research analysts predict that Popular will post 2.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.91%. Popular’s payout ratio is 50.76%.
Several equities research analysts have weighed in on BPOP shares. Barclays PLC boosted their price objective on Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, September 7th. Piper Jaffray Companies reissued a “buy” rating and set a $53.00 price objective on shares of Popular in a research note on Friday, July 28th. ValuEngine cut Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BTIG Research raised Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock 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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