Popular, Inc. (BPOP) To Go Ex-Dividend on September 13th
Popular, Inc. (NASDAQ:BPOP) announced a quarterly dividend on Friday, August 25th, Wall Street Journal reports. Shareholders of record on Thursday, September 14th will be given a dividend of 0.25 per share by the bank on Monday, October 2nd. This represents a $1.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, September 13th.
Shares of Popular (BPOP) opened at 39.81 on Tuesday. Popular has a 1-year low of $35.08 and a 1-year high of $45.96. The firm’s 50-day moving average price is $40.53 and its 200 day moving average price is $40.40. The company has a market capitalization of $4.06 billion, a PE ratio of 17.98 and a beta of 1.29.
Popular (NASDAQ:BPOP) last announced its earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. Popular had a net margin of 11.57% and a return on equity of 7.11%. The company had revenue of $491.27 million during the quarter, compared to analyst estimates of $500.66 million. During the same period in the previous year, the business earned $0.85 earnings per share. Equities analysts predict that Popular will post $3.84 EPS for the current fiscal year.
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A hedge fund recently raised its stake in Popular stock. The Manufacturers Life Insurance Company grew its position in shares of Popular, Inc. (NASDAQ:BPOP) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,980 shares of the bank’s stock after acquiring an additional 200 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Popular were worth $124,000 as of its most recent SEC filing. 85.85% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on BPOP shares. Zacks Investment Research upgraded shares of Popular from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, September 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 target price on shares of Popular in a research report on Friday, July 28th. Morgan Stanley cut their target price on shares of Popular from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 6th. Keefe, Bruyette & Woods set a $46.00 target price on shares of Popular and gave the stock a “hold” rating in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Popular from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Popular has an average rating of “Hold” and an average target price of $47.17.
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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