About Popular (NASDAQ:BPOP)
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. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:BPOP
- CUSIP: 73317470
- Web: www.popular.com/home
- Market Cap: $3.31253 billion
- Outstanding Shares: 102,010,000
- 50 Day Moving Avg: $36.61
- 200 Day Moving Avg: $39.32
- 52 Week Range: $32.04 - $45.96
Sales & Book Value:
- Trailing P/E Ratio: 14.58
- Foreward P/E Ratio: 7.95
- P/E Growth: 1.73
- Annual Revenue: $1.71 billion
- Price / Sales: 1.93
- Book Value: $51.26 per share
- Price / Book: 0.63
- Annual Dividend: $1.00
- Dividend Yield: 3.1%
- Net Margins: 11.57%
- Return on Equity: 7.11%
- Return on Assets: 0.93%
- Current Ratio: 0.79%
- Quick Ratio: 0.79%
- Average Volume: 896,757 shs.
- Beta: 1.25
- Short Ratio: 2.1
Frequently Asked Questions for Popular (NASDAQ:BPOP)
What is Popular's stock symbol?
Popular trades on the NASDAQ under the ticker symbol "BPOP."
How often does Popular pay dividends? What is the dividend yield for Popular?
Popular declared a quarterly dividend on Friday, August 25th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.25 per share on Monday, October 2nd. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, September 13th. View Popular's Dividend History.
How will Popular's stock buyback program work?
Popular announced that its board has authorized a share buyback program on Friday, April 7th 2017, which authorizes the company to buyback $75,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.
How were Popular's earnings last quarter?
Popular, Inc. (NASDAQ:BPOP) released its earnings results on Wednesday, July, 26th. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.02. The firm had revenue of $491.27 million for the quarter, compared to the consensus estimate of $500.66 million. Popular had a return on equity of 7.11% and a net margin of 11.57%. During the same quarter in the prior year, the business posted $0.85 EPS. View Popular's Earnings History.
When will Popular make its next earnings announcement?
Where is Popular's stock going? Where will Popular's stock price be in 2017?
9 brokers have issued 1 year price targets for Popular's stock. Their forecasts range from $40.00 to $53.00. On average, they expect Popular's share price to reach $46.60 in the next year. View Analyst Ratings for Popular.
Are investors shorting Popular?
Popular saw a increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,389,308 shares, an increase of 61.6% from the August 31st total of 859,686 shares. Based on an average daily volume of 992,179 shares, the short-interest ratio is currently 1.4 days. Currently, 1.4% of the company's stock are short sold.
Who are some of Popular's key competitors?
Some companies that are related to Popular include Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), Bank of the Ozarks (OZRK), Commerce Bancshares (CBSH), PacWest Bancorp (PACW), Synovus Financial Corp. (SNV), Webster Financial Corporation (WBS), City National Corp (CYN), First Citizens BancShares (FCNCA), Umpqua Holdings Corporation (UMPQ), First Horizon National Corporation (FHN), TFS Financial Corporation (TFSL), Wintrust Financial Corporation (WTFC), United Bankshares (UBSI), BBVA Banco Frances S.A. (BFR), Ita? CorpBanca (ITCB), Grupo Aval Acciones y Valores S.A. (AVAL) and Valley National Bancorp (VLY).
Who are Popular's key executives?
Popular's management team includes the folowing people:
- Richard L. Carrion Rexach, Executive Chairman of the Board
- Ignacio Alvarez, President, Chief Executive Officer
- Carlos J. Vazquez, Chief Financial Officer, Executive Vice President
- Camille Burckhart, Executive Vice President, Chief Information Officer, Digital Strategy Officer.
- Lidio V. Soriano CPA, Executive Vice President, Chief Risk Officer
- Javier D. Ferrer, Executive Vice President, Secretary, Chief Legal Officer
- Manuel Chinea, Executive Vice President, Chief Operating Officer of Popular Community Bank
- Eduardo J. Negron, Executive Vice President
- Eli S. Sepulveda, Executive Vice President of the Corporation and of the Bank
- Juan O. Guerrero, Executive Vice President - Financial and Insurance Services Group of the Bank
Who owns Popular stock?
Popular's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (4.05%), Robeco Institutional Asset Management B.V. (0.06%), Denali Advisors LLC (0.05%), Nationwide Fund Advisors (0.04%) and Meeder Asset Management Inc. (0.04%). Company insiders that own Popular stock include Alejandro M Ballester, Carlos J Vazquez, Eduardo J Negron, Eli Sepulveda, Gilberto Monzon, Ignacio Alvarez, Ileana Gonzalez, Jorge J Garcia, Juan Guerrero, Maria Luisa Ferre, O Rivera Nestor and Richard L Carrion. View Institutional Ownership Trends for Popular.
Who sold Popular stock? Who is selling Popular stock?
Popular's stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc. and Nationwide Fund Advisors. Company insiders that have sold Popular stock in the last year include Alejandro M Ballester, Carlos J Vazquez, Eduardo J Negron, Eli Sepulveda, Ignacio Alvarez, Ileana Gonzalez, Jorge J Garcia, Juan Guerrero, O Rivera Nestor and Richard L Carrion. View Insider Buying and Selling for Popular.
Who bought Popular stock? Who is buying Popular stock?
Popular's stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Denali Advisors LLC and Meeder Asset Management Inc.. View Insider Buying and Selling for Popular.
How do I buy Popular stock?
Shares of Popular can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Popular's stock price today?
MarketBeat Community Rating for Popular (NASDAQ BPOP)MarketBeat's community ratings are surveys of what our community members think about Popular and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Popular stock can currently be purchased for approximately $32.29.
Consensus Ratings for Popular (NASDAQ:BPOP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 6 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.11)|
|Consensus Price Target: ||$46.60 (44.32% upside)|Consensus Price Target History for Popular (NASDAQ:BPOP)
Analysts' Ratings History for Popular (NASDAQ:BPOP)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||Barclays PLC||Lower Price Target||Equal Weight||$47.00 -> $40.00||N/A|
|7/28/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$53.00||Medium|
|7/7/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$42.00 -> $43.00||Low|
|6/29/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$51.00||Low|
|6/5/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$46.00||Low|
|4/22/2017||BTIG Research||Reiterated Rating||Neutral||High|
|2/22/2017||Kepler Capital Markets||Reiterated Rating||Reduce -> Reduce||N/A|
|2/6/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||N/A|
|11/18/2016||Compass Point||Downgrade||Buy -> Neutral||N/A|
|3/3/2016||Societe Generale||Downgrade||Buy -> Hold||N/A|
|2/26/2016||Merion Capital Group||Initiated Coverage||Outperform||$34.00||N/A|
|1/12/2016||HSBC Holdings plc||Upgrade||Hold -> Buy||N/A|
Earnings History for Popular (NASDAQ:BPOP)Earnings History by Quarter for Popular (NASDAQ BPOP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||6/30/2017||$0.92||$0.94||$500.66 million||$491.27 million||View||N/A|
|4/25/2017||3/31/2017||$0.84||$0.89||$441.33 million||$477.97 million||View||N/A|
|1/24/2017||Q416||$0.87||$0.86||$359.51 million||$355.23 million||View||N/A|
|10/25/2016||Q316||$0.90||$0.91||$482.00 million||$429.67 million||View||Listen|
|7/26/2016||Q216||$0.82||$0.85||$477.00 million||$471.05 million||View||Listen|
|4/25/2016||Q116||$0.82||$0.81||$397.23 million||$464.04 million||View||Listen|
|1/26/2016||Q415||$0.92||$1.32||$358.92 million||$484.94 million||View||Listen|
|10/23/2015||Q315||$0.85||$0.90||$370.41 million||$481.84 million||View||Listen|
|7/24/2015||Q215||$0.78||$0.87||$358.94 million||$503.31 million||View||Listen|
|4/27/2015||Q115||$0.66||$0.86||$410.50 million||$458.43 million||View||N/A|
|1/22/2015||Q414||$0.48||$0.41||$454.50 million||$436.76 million||View||N/A|
|10/22/2014||Q314||$0.69||$0.78||$445.40 million||$450.75 million||View||Listen|
|7/24/2014||Q214||$0.68||$0.84||$475.50 million||$417.48 million||View||N/A|
|4/23/2014||Q114||$0.65||$0.83||$472.80 million||$479.53 million||View||N/A|
|7/18/2013||Q2 2013||$0.68||$3.18||$498.85 million||View||Listen|
|4/18/2013||Q1 2013||$0.60||($1.18)||$452.65 million||View||Listen|
Earnings Estimates for Popular (NASDAQ:BPOP)
Current Year EPS Consensus Estimate: $3.6 EPS
Next Year EPS Consensus Estimate: $4.06 EPS
Current Dividend Information for Popular (NASDAQ:BPOP)
|Most Recent Dividend:||10/2/2017|
|Payout Ratio:||45.05% (Trailing 12 Months of Earnings) |
27.78% (Based on This Year's Estimates)
24.63% (Based on Next Year's Estimates)
Dividend History by Quarter for Popular (NASDAQ BPOP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Popular (NASDAQ:BPOP)
Insider Ownership Percentage: 1.27%Insider Trades by Quarter for Popular (NASDAQ:BPOP)
Institutional Ownership Percentage: 85.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/17/2017||Jorge J Garcia||VP||Sell||4,000||$38.15||$152,600.00|| |
|5/16/2017||Eduardo J. Negron||Insider||Sell||2,500||$39.98||$99,950.00|| |
|5/3/2017||Eli Sepulveda||EVP||Sell||1,994||$42.25||$84,246.50|| |
|5/2/2017||O. Rivera Nestor||Insider||Sell||11,312||$41.52||$469,674.24|| |
|5/1/2017||Alejandro M. Ballester||Director||Sell||3,000||$42.15||$126,450.00|| |
|2/23/2017||Ignacio Alvarez||COO||Sell||10,000||$44.24||$442,400.00|| |
|2/17/2017||O. Rivera Nestor||Insider||Sell||7,176||$45.24||$324,642.24|| |
|2/6/2017||Carlos J. Vazquez||CFO||Sell||18,292||$43.90||$803,018.80|| |
|11/25/2016||Ileana Gonzalez||Insider||Sell||5,000||$41.51||$207,550.00|| |
|11/18/2016||Eli Sepulveda||EVP||Sell||2,500||$41.71||$104,275.00|| |
|11/15/2016||Juan Guerrero||Insider||Sell||7,000||$41.88||$293,160.00|| |
|11/9/2016||O. Rivera Nestor||Insider||Sell||10,000||$37.97||$379,700.00|| |
|11/4/2016||Juan Guerrero||Insider||Sell||6,000||$36.31||$217,860.00|| |
|10/28/2016||Eli Sepulveda||EVP||Sell||3,762||$36.97||$139,081.14|| |
|10/27/2016||Richard L. Carrion||CEO||Sell||16,858||$37.44||$631,163.52|| |
|5/24/2016||Jorge J Garcia||VP||Sell||3,500||$31.40||$109,900.00|| |
|5/23/2016||Juan Guerrero||EVP||Sell||3,962||$30.92||$122,505.04|| |
|5/12/2016||Gilberto Monzon||EVP||Sell||4,000||$29.62||$118,480.00|| |
|12/22/2015||Maria Luisa Ferre||Director||Sell||2,230||$33.10||$73,813.00|| |
|11/5/2015||Maria Luisa Ferre||Director||Sell||296,164||$29.39||$8,704,259.96|| |
|11/2/2015||Maria Luisa Ferre||Director||Sell||308,107||$29.73||$9,160,021.11|| |
|5/29/2015||Eli Sepulveda||EVP||Sell||6,100||$32.49||$198,189.00|| |
|5/20/2015||Gilberto Monzon||EVP||Sell||3,000||$34.20||$102,600.00|| |
|5/19/2015||Eduardo J Negron||EVP||Sell||6,250||$34.11||$213,187.50|| |
|11/20/2014||Gilberto Monzon||EVP||Sell||3,000||$31.81||$95,430.00|| |
|11/18/2014||Juan Guerrero||EVP||Sell||3,000||$32.19||$96,570.00|| |
|11/13/2014||Jorge J Garcia||VP||Sell||1,000||$31.82||$31,820.00|| |
|11/11/2014||Eli Sepulveda||EVP||Sell||3,000||$31.80||$95,400.00|| |
|10/30/2014||Ileana Gonzalez||EVP||Sell||3,000||$31.56||$94,680.00|| |
|10/29/2014||Richard L Carrion||CEO||Sell||13,664||$31.57||$431,372.48|| |
|10/28/2014||Eduardo J Negron||EVP||Sell||8,500||$31.70||$269,450.00|| |
|8/29/2014||O. Rivera Nestor||EVP||Sell||14,085||$30.98||$436,353.30|| |
|5/15/2014||David Goel||Director||Sell||466,176||$28.88||$13,463,162.88|| |
|2/24/2014||Richard Carrion||CEO||Sell||93,650||$26.86||$2,515,439.00|| |
|1/30/2014||David Goel||Director||Sell||1,000,000||$27.64||$27,640,000.00|| |
|5/28/2013||Richard L Carrion||CEO||Sell||77,017||$29.27||$2,254,287.59|| |
Headline Trends for Popular (NASDAQ:BPOP)
Latest Headlines for Popular (NASDAQ:BPOP)
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Popular (BPOP) Chart for Tuesday, October, 24, 2017