Brokerages expect Popular Inc (NASDAQ:BPOP) to announce earnings of $0.73 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Popular’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $1.02. Popular reported earnings of $0.86 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.1%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, January 23rd.

According to Zacks, analysts expect that Popular will report full year earnings of $2.45 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $4.09 per share, with EPS estimates ranging from $4.08 to $4.10. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Popular.

Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.76). The business had revenue of $478.50 million for the quarter, compared to the consensus estimate of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. Popular’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS.

A number of equities analysts recently commented on BPOP shares. Barclays upped their target price on Popular from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. ValuEngine raised Popular from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Morgan Stanley upped 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, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $50.50 price target on shares of Popular in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised Popular from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Popular has an average rating of “Buy” and an average price target of $45.93.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Popular by 12.7% during the second quarter. BlackRock Inc. now owns 5,033,292 shares of the bank’s stock valued at $209,937,000 after buying an additional 567,642 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Popular by 58.5% during the second quarter. Royal Bank of Canada now owns 90,040 shares of the bank’s stock valued at $3,756,000 after buying an additional 33,229 shares during the last quarter. Sei Investments Co. lifted its holdings in Popular by 126.4% in the third quarter. Sei Investments Co. now owns 45,544 shares of the bank’s stock valued at $1,636,000 after acquiring an additional 25,424 shares during the period. American Century Companies Inc. bought a new position in Popular in the third quarter valued at about $9,497,000. Finally, Cipher Capital LP lifted its holdings in Popular by 14.8% in the third quarter. Cipher Capital LP now owns 103,069 shares of the bank’s stock valued at $3,704,000 after acquiring an additional 13,308 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Popular (NASDAQ BPOP) traded up $0.59 during trading on Friday, hitting $38.63. The company had a trading volume of 725,652 shares, compared to its average volume of 1,050,000. The company has a market capitalization of $3,940.00, a P/E ratio of 19.71 and a beta of 1.31. Popular has a one year low of $32.04 and a one year high of $45.96.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 5th were paid a $0.25 dividend. The ex-dividend date was Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.59%. Popular’s dividend payout ratio is currently 51.02%.

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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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