Popular Inc (BPOP) Plans Quarterly Dividend of $0.25

Popular Inc (NASDAQ:BPOP) announced a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.25 per share by the bank on Monday, April 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of BPOP stock traded up $0.29 during trading hours on Thursday, hitting $43.20. The stock had a trading volume of 778,279 shares, compared to its average volume of 915,567. Popular has a one year low of $32.04 and a one year high of $46.83. The stock has a market capitalization of $4,372.56, a price-to-earnings ratio of 16.12 and a beta of 1.11.

Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.22. Popular had a return on equity of 5.29% and a net margin of 4.89%. The business had revenue of $473.35 million during the quarter. research analysts forecast that Popular will post 3.89 EPS for the current fiscal year.

An institutional investor recently raised its position in Popular stock. The Manufacturers Life Insurance Company raised its holdings in shares of Popular Inc (NASDAQ:BPOP) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,980 shares of the bank’s stock after purchasing an additional 200 shares during the period. The Manufacturers Life Insurance Company’s holdings in Popular were worth $124,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

A number of analysts recently issued reports on the company. Citigroup boosted their price target on Popular from $47.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. BTIG Research reiterated a “buy” rating on shares of Popular in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, February 21st. Sandler O’Neill set a $48.00 price target on Popular and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods set a $49.00 target price on Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Popular presently has a consensus rating of “Buy” and an average target price of $48.31.

TRADEMARK VIOLATION WARNING: This piece was originally reported by BBNS and is owned by of BBNS. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://baseballnewssource.com/2018/04/05/popular-inc-bpop-to-go-ex-dividend-on-march-15th/2027932.html.

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.

Dividend History for Popular (NASDAQ:BPOP)

Receive News & Ratings for Popular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.