Popular (NASDAQ:BPOP) Receiving Positive Press Coverage, Report Finds
News articles about Popular (NASDAQ:BPOP) have trended positive on Thursday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Popular earned a coverage optimism score of 0.44 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Norwegian Cruise Line Holdings LTD (NASDAQ:NCLH) Institutional Investor Sentiment (newstrendstoday.com)
- 10 Most Popular Types of Bank Checking Accounts (fool.com)
- Technical Update on Popular Inc (BPOP) Shares – Bulletin News (orobulletin.com)
- UPDATE 1-Blackstone in exclusive talks with Banco Popular on property portfolio (feeds.reuters.com)
- Blackstone to buy 51 pct of Banco Popular portfolio -media (feeds.reuters.com)
A number of research firms recently weighed in on BPOP. Zacks Investment Research cut Popular from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub raised Popular from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $51.00 target price on shares of Popular in a research note on Thursday, June 29th. TheStreet raised Popular from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. Finally, BTIG Research reissued a “neutral” rating on shares of Popular in a research note on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.83.
Shares of Popular (NASDAQ BPOP) traded down 0.14% on Thursday, hitting $42.27. The company had a trading volume of 303,193 shares. The company has a 50 day moving average of $41.00 and a 200-day moving average of $41.26. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 19.85 and a beta of 1.29. Popular has a 12-month low of $33.77 and a 12-month high of $45.96.
Popular (NASDAQ:BPOP) last posted its earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $491.27 million during the quarter, compared to analysts’ expectations of $500.66 million. Popular had a net margin of 11.57% and a return on equity of 7.11%. During the same quarter last year, the company posted $0.85 EPS. On average, analysts forecast that Popular will post $3.85 earnings per share for the current year.
In related news, insider Eduardo J. Negron sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $39.98, for a total transaction of $99,950.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jorge J. Garcia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $38.15, for a total transaction of $152,600.00. Following the transaction, the vice president now directly owns 11,502 shares in the company, valued at $438,801.30. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
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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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