Popular (NASDAQ:BPOP – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.17), Briefing.com reports. Popular had a net margin of 12.20% and a return on equity of 11.73%. The company had revenue of $736.56 million during the quarter, compared to analyst estimates of $766.62 million. During the same period in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis.
Popular Stock Performance
Shares of Popular stock opened at $88.97 on Friday. Popular has a 52-week low of $59.27 and a 52-week high of $105.01. The business’s 50 day simple moving average is $98.54 and its 200 day simple moving average is $93.04. The firm has a market cap of $6.43 billion, a PE ratio of 13.20, a P/E/G ratio of 0.66 and a beta of 0.78.
Popular Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. Popular’s payout ratio is presently 36.80%.
Analyst Ratings Changes
Read Our Latest Stock Report on BPOP
Insiders Place Their Bets
In other news, EVP Camille Burckhart sold 5,917 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total value of $577,499.20. Following the sale, the executive vice president now owns 29,922 shares of the company’s stock, valued at $2,920,387.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.09% of the company’s stock.
Popular Company Profile
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.
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