Popular, Inc. (NASDAQ:BPOP) shares saw an uptick in trading volume on Friday . 5,739,054 shares were traded during mid-day trading, an increase of 648% from the previous session’s volume of 766,795 shares.The stock last traded at $35.01 and had previously closed at $34.73.

A number of brokerages have recently issued reports on BPOP. Zacks Investment Research lowered Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Barclays lifted their price target on Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Morgan Stanley lifted their price target on Popular from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday. BTIG Research raised Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods raised Popular from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.42.

The firm has a market capitalization of $3,570.00, a P/E ratio of 12.19 and a beta of 1.31.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.76). The company had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. Popular had a return on equity of 5.70% and a net margin of 9.98%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. equities research analysts forecast that Popular, Inc. will post 2.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, December 4th. Popular’s dividend payout ratio (DPR) is currently 51.02%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC boosted its stake in Popular by 5.8% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 6,261,030 shares of the bank’s stock worth $261,148,000 after buying an additional 343,637 shares during the last quarter. BlackRock Inc. boosted its stake in Popular by 12.7% during the second quarter. BlackRock Inc. now owns 5,033,292 shares of the bank’s stock worth $209,937,000 after buying an additional 567,642 shares during the last quarter. Investec Asset Management LTD boosted its stake in Popular by 270.1% during the third quarter. Investec Asset Management LTD now owns 3,640,138 shares of the bank’s stock worth $130,827,000 after buying an additional 2,656,548 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Popular by 0.6% during the third quarter. Frontier Capital Management Co. LLC now owns 3,449,027 shares of the bank’s stock worth $123,958,000 after buying an additional 21,271 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Popular by 3.2% in the 2nd quarter. State Street Corp now owns 3,284,653 shares of the bank’s stock valued at $137,001,000 after purchasing an additional 100,572 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

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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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