Popular (BPOP) Earning Positive Media Coverage, Study Finds
Press coverage about Popular (NASDAQ:BPOP) has been trending positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Popular earned a news impact score of 0.31 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7708910273755 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Most Popular Golden Globe Nominated Films (feedproxy.google.com)
- Analysts Expect Popular, Inc. (BPOP) to Announce $0.73 Earnings Per Share (americanbankingnews.com)
- New Bitcoin Future Market to Increase Popularity of Cryptocurrencies for Self-Directed IRA Investors, According to IRA Financial Group (prweb.com)
- Most Popular Small (and Big) Dog Breeds in America (feedproxy.google.com)
- Investors Buy High Volume of Popular Put Options (BPOP) (americanbankingnews.com)
Shares of Popular (NASDAQ BPOP) traded down $0.12 during midday trading on Tuesday, hitting $35.88. 747,998 shares of the stock were exchanged, compared to its average volume of 742,728. The stock has a market cap of $3,670.00, a P/E ratio of 12.20 and a beta of 1.31. 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 company had revenue of $478.50 million for 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 business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. analysts forecast that Popular will post 2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, December 4th. Popular’s payout ratio is presently 51.02%.
A number of research firms have weighed in on BPOP. Zacks Investment Research lowered shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Barclays upgraded shares of Popular from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Thursday, October 26th. ValuEngine upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods upgraded shares of Popular from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 28th. Finally, Compass Point upgraded shares of Popular from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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