Insider Selling: Popular Inc (NASDAQ:BPOP) EVP Sells 1,371 Shares of Stock
Popular Inc (NASDAQ:BPOP) EVP Eduardo J. Negron sold 1,371 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.51, for a total transaction of $76,104.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:BPOP opened at $55.81 on Friday. Popular Inc has a twelve month low of $44.22 and a twelve month high of $58.99. The firm has a market capitalization of $5.43 billion, a PE ratio of 11.70 and a beta of 1.19. The company has a 50-day moving average price of $54.65 and a two-hundred day moving average price of $54.51.
Popular (NASDAQ:BPOP) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.10. Popular had a net margin of 21.47% and a return on equity of 11.60%. The firm had revenue of $619.70 million for the quarter, compared to analysts’ expectations of $624.80 million. During the same quarter last year, the business earned $1.38 earnings per share. Sell-side analysts expect that Popular Inc will post 6.8 EPS for the current year.
A number of equities analysts have weighed in on BPOP shares. Zacks Investment Research lowered shares of Popular from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. BidaskClub upgraded shares of Popular from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. ValuEngine lowered shares of Popular from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BTIG Research reiterated a “buy” rating and set a $66.00 target price on shares of Popular in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.00.
Popular Company Profile
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
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