Positive Press Coverage Somewhat Unlikely to Impact Popular (BPOP) Share Price
News articles about Popular (NASDAQ:BPOP) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Popular earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.4907567648954 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- 16 Strongest, Most Popular Yankee Candle Scents in 2017 (feedproxy.google.com)
- New Harvard Study: You’re Probably More Popular Than You Think You Are (inc.com)
- 5 Popular CEFs Set to Fall Hard (contrarianoutlook.com)
- Popular, Inc. (BPOP) stock RSI 26.24 Signals investors to buy – Voice Of Analysts (analystsbuzz.com)
- Short Interest in Popular, Inc. (BPOP) Rises By 61.6% (americanbankingnews.com)
Popular (NASDAQ BPOP) opened at 35.98 on Tuesday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 16.25 and a beta of 1.25. The firm has a 50-day moving average of $39.29 and a 200-day moving average of $39.99. Popular has a 12-month low of $34.47 and a 12-month high of $45.96.
Popular (NASDAQ:BPOP) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. The business had revenue of $491.27 million during the quarter, compared to analyst estimates of $500.66 million. Popular had a return on equity of 7.11% and a net margin of 11.57%. During the same period last year, the company posted $0.85 EPS. Equities research analysts forecast that Popular will post $3.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, September 13th. Popular’s dividend payout ratio (DPR) is presently 45.05%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Popular from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, September 7th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 target price on shares of Popular in a research report on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and set a $51.00 target price on shares of Popular in a research report on Thursday, June 29th. ValuEngine raised shares of Popular from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Popular from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.50.
COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/03/positive-press-coverage-somewhat-unlikely-to-impact-popular-bpop-share-price.html.
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.
Receive News & Stock Ratings for Popular Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular Inc. and related stocks with our FREE daily email newsletter.