Popular Inc (NASDAQ:BPOP) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 976,800 shares, a drop of 17.9% from the January 15th total of 1,190,000 shares. Based on an average trading volume of 517,400 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are short sold.

In related news, VP Javier D. Ferrer sold 6,500 shares of Popular stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $55.20, for a total transaction of $358,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.33% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC boosted its holdings in shares of Popular by 70.1% in the fourth quarter. Advisory Services Network LLC now owns 910 shares of the bank’s stock valued at $53,000 after acquiring an additional 375 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Popular by 27.9% in the fourth quarter. Toronto Dominion Bank now owns 1,525 shares of the bank’s stock valued at $90,000 after acquiring an additional 333 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Popular by 7.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the bank’s stock valued at $151,000 after acquiring an additional 200 shares in the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Popular in the fourth quarter valued at about $204,000. Finally, Creative Planning purchased a new stake in shares of Popular in the fourth quarter valued at about $204,000. Institutional investors own 85.65% of the company’s stock.

NASDAQ BPOP traded down $0.84 during trading on Friday, reaching $55.75. The company’s stock had a trading volume of 425,075 shares, compared to its average volume of 597,360. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 8.11 and a beta of 1.17. Popular has a twelve month low of $49.23 and a twelve month high of $61.46. The business’s fifty day moving average price is $58.46 and its 200-day moving average price is $55.76.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.25. The company had revenue of $619.84 million for the quarter, compared to analyst estimates of $568.25 million. Popular had a net margin of 23.58% and a return on equity of 11.84%. During the same period in the previous year, the business posted $1.33 earnings per share. On average, equities analysts predict that Popular will post 6.83 earnings per share for the current fiscal year.

A number of research firms have commented on BPOP. ValuEngine upgraded shares of Popular from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. BidaskClub lowered shares of Popular from a “hold” rating to a “sell” rating in a research note on Tuesday. BTIG Research restated a “buy” rating and issued a $69.00 price objective on shares of Popular in a research note on Tuesday, January 14th. Finally, Zacks Investment Research upgraded shares of Popular from a “sell” rating to a “hold” rating in a research note on Wednesday.

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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