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.
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.
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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