Popular (BPOP) Earning Somewhat Favorable News Coverage, Report Shows
Media coverage about Popular (NASDAQ:BPOP) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news 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 0.17 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.4087636097548 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- ComplianceOnline Announces Popular Seminar on Medical Device Single Audit Program [MDSAP] (U.S., Canada, Brazil, Australia and Japan) (prweb.com)
- Outskirts Press Self-Publishing Authors Benefit from the Popularity of the Amazon Kindle Ebook (prweb.com)
- Time to Celebrate: Popular Online Time Clock “OnTheClock” Adds Employee Recognition Portal (prweb.com)
- Starkes Wachstum der Anzahl der Nutzer und Transaktionen der „Mobile QuickPass”-APP (prnewswire.com)
- Bittrex Has Two Popular Hashtags on Twitter for the Wrong Reasons (themerkle.com)
A number of analysts have recently commented on the company. ValuEngine cut Popular from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, January 11th. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Barclays lifted their target price on Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $50.50 price target on shares of Popular in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.93.
Popular (NASDAQ BPOP) opened at $38.49 on Thursday. Popular has a twelve month low of $32.04 and a twelve month high of $45.96. The stock has a market capitalization of $3,930.00, a PE ratio of 19.64 and a beta of 1.31.
Popular (NASDAQ:BPOP) last released its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.76). Popular had a return on equity of 5.70% and a net margin of 9.98%. The company had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $513.85 million. During the same period in the prior year, the business earned $0.44 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. analysts anticipate that Popular will post 2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, December 4th. Popular’s dividend payout ratio is currently 51.02%.
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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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