Wall Street analysts expect Popular, Inc. (NASDAQ:BPOP) to post earnings per share of $0.73 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Popular’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $1.02. Popular posted earnings of $0.86 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 15.1%. The company is scheduled to announce its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Popular will report full year earnings of $2.45 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.87 per share, with EPS estimates ranging from $3.63 to $4.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Popular.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 earnings per share 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 analyst estimates of $513.85 million. Popular had a return on equity of 5.70% and a net margin of 9.98%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS.

BPOP has been the subject of a number of research reports. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine cut shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Barclays cut their target price on shares of Popular from $47.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. BTIG Research raised shares of Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $50.50 target price on shares of Popular in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $46.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC grew its stake in Popular by 5.8% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,261,030 shares of the bank’s stock valued at $261,148,000 after acquiring an additional 343,637 shares in the last quarter. BlackRock Inc. grew its stake in Popular by 12.7% during the 2nd quarter. BlackRock Inc. now owns 5,033,292 shares of the bank’s stock valued at $209,937,000 after acquiring an additional 567,642 shares in the last quarter. Investec Asset Management LTD grew its stake in Popular by 270.1% during the 3rd quarter. Investec Asset Management LTD now owns 3,640,138 shares of the bank’s stock valued at $130,827,000 after acquiring an additional 2,656,548 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Popular by 0.6% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,449,027 shares of the bank’s stock valued at $123,958,000 after acquiring an additional 21,271 shares in the last quarter. Finally, State Street Corp grew its stake in Popular by 3.2% during the 2nd quarter. State Street Corp now owns 3,284,653 shares of the bank’s stock valued at $137,001,000 after acquiring an additional 100,572 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

Popular (NASDAQ:BPOP) traded up $0.87 during mid-day trading on Monday, hitting $36.00. 1,201,573 shares of the stock were exchanged, compared to its average volume of 742,707. The stock has a market capitalization of $3,584.19, a PE ratio of 12.20 and a beta of 1.31. Popular has a twelve month low of $32.04 and a twelve month high of $45.96.

The firm also recently disclosed 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 2.78%. Popular’s dividend payout ratio is presently 50.76%.

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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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