Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases. In addition, the company provides financial advisory, investment banking, investment and securities brokerage, and insurance and reinsurance services. As of December 31, 2017, it owned and occupied approximately 67 branch premises and other facilities in Puerto Rico; and 62 offices comprising 6 owned and 56 leased in New York, New Jersey, and Florida. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:BPOP
CUSIP73317470
Phone787-765-9800
Debt
Debt-to-Equity RatioN/A
Current Ratio0.80
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio19.38
Forward P/E Ratio11.06
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.15 billion
Price / Sales2.48
Cash Flow$3.0127 per share
Price / Cash17.26
Book Value$49.51 per share
Price / Book1.05
Profitability
EPS (Most Recent Fiscal Year)$2.68
Net Income$107.68 million
Net Margins12.21%
Return on Equity5.78%
Return on Assets0.66%
Miscellaneous
Employees7,784
Outstanding Shares102,320,000
Market Cap$5.39 billion
Popular (NASDAQ:BPOP) Frequently Asked Questions
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 announced a quarterly dividend on Friday, August 24th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.25 per share on Monday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, September 12th. View Popular's Dividend History.
How will Popular's stock buyback program work?
Popular announced that its board has authorized a stock repurchase program on Friday, April 7th 2017, which permits the company to repurchase $75,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Popular's earnings last quarter?
Popular Inc (NASDAQ:BPOP) released its earnings results on Monday, July, 23rd. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.23. The bank had revenue of $648.95 million for the quarter, compared to analysts' expectations of $526.70 million. Popular had a return on equity of 5.78% and a net margin of 12.21%. During the same period in the prior year, the firm earned $0.94 earnings per share. View Popular's Earnings History.
When is Popular's next earnings date?
What price target have analysts set for BPOP?
9 brokers have issued 12-month price objectives for Popular's stock. Their predictions range from $46.00 to $59.00. On average, they anticipate Popular's stock price to reach $53.5625 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Popular.
What is the consensus analysts' recommendation for Popular?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Popular in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Popular.
What are Wall Street analysts saying about Popular stock?
Here are some recent quotes from research analysts about Popular stock:
- 1. According to Zacks Investment Research, "Popular, Inc. is a diversified, publicly owned bank holding company. The corporation's principal subsidiary, Banco Popular de Puerto Rico, has one of the largest retail franchise in Puerto Rico, operating numerous branches and automated teller machines. The Bank also operates branches in the U.S. Virgin Islands, the British Virgin Islands, and New York. " (5/2/2018)
- 2. BTIG Research analysts commented, "in Focus as BPOP Prepares to Release 1Q18 Report The commentary offered by Popular Inc. (BPOP) management regarding credit quality in the company’s 4Q17 report on January 23 was surprisingly encouraging to many observers in light of the severity of the physical and economic damage inflicted on its home market of Puerto Rico by Hurricane Maria just over four months earlier. In particular, management noted that early delinquency data for auto, credit card and personal loans for the first few weeks of January 2018 had been similar to or better than that from the same period in the prior year. That disclosure helped to sustain a relief rally in BPOP shares that had begun after the stock hit its post-Maria low tick on October 23. Since then, the stock has rallied by more than 35% such that it is now trading slightly above the company’s book value per share as of YE17. With BPOP scheduled to report its 1Q18 results on Tuesday, April 24, we believe additional appreciation in the stock will depend on what the company discloses regarding the credit performance of its mortgage book during the months that followed the expiration in December of a moratorium on payment collection." (4/18/2018)
Are investors shorting Popular?
Popular saw a increase in short interest in August. As of August 31st, there was short interest totalling 4,572,036 shares, an increase of 166.5% from the August 15th total of 1,715,470 shares. Based on an average trading volume of 645,981 shares, the short-interest ratio is presently 7.1 days. Currently, 4.5% of the shares of the company are short sold. View Popular's Current Options Chain.
Who are some of Popular's key competitors?
Some companies that are related to Popular include BANCO BRADESCO/S (BBDO), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), First Citizens BancShares (FCNCA), Bank Of The Ozarks (OZRK), Bank Ozk (OZK), Prosperity Bancshares (PB), Wintrust Financial (WTFC), IBERIABANK (IBKC) and Associated Banc (ASB).
Who are Popular's key executives?
Popular's management team includes the folowing people:
- Mr. Richard L. Carrión, Exec. Chairman (Age 66)
- Mr. Ignacio Alvarez Esq., Pres, CEO & Director (Age 60)
- Mr. Carlos J. Vázquez, Exec. VP & CFO (Age 59)
- Mr. Javier D. Ferrer-Fernández J.D., Exec. VP, Chief Legal Officer & Corp. Sec. (Age 57)
- Mr. Lidio V. Soriano CPA, Exec. VP & Chief Risk Officer of Corp. Risk Management Group (Age 49)
Who are Popular's major shareholders?
Popular's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.72%), FMR LLC (4.30%), Dimensional Fund Advisors LP (4.20%), Polaris Capital Management LLC (3.88%), Investec Asset Management LTD (2.54%) and Frontier Capital Management Co. LLC (2.51%). Company insiders that own Popular stock include Alejandro M Ballester, Beatriz Castellvi, Carlos J Vazquez, Eduardo J Negron, Eli Sepulveda, 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.
Which major investors are selling Popular stock?
BPOP stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Polaris Capital Management LLC, Russell Investments Group Ltd., Millennium Management LLC, Dimensional Fund Advisors LP, Thompson Siegel & Walmsley LLC, First Trust Advisors LP and Federated Investors Inc. PA. Company insiders that have sold Popular company stock in the last year include Alejandro M Ballester, Beatriz Castellvi, Eli Sepulveda, Ignacio Alvarez, Jorge J Garcia, Maria Luisa Ferre and Richard L Carrion. View Insider Buying and Selling for Popular.
Which major investors are buying Popular stock?
BPOP stock was acquired by a variety of institutional investors in the last quarter, including EJF Capital LLC, Martingale Asset Management L P, Monarch Partners Asset Management LLC, Investec Asset Management LTD, Marshall Wace LLP, Bank of Montreal Can, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Wells Fargo & Company MN. View Insider Buying and Selling for Popular.
How do I buy shares of Popular?
Shares of BPOP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Popular's stock price today?
One share of BPOP stock can currently be purchased for approximately $51.97.
How big of a company is Popular?
Popular has a market capitalization of $5.39 billion and generates $2.15 billion in revenue each year. The bank earns $107.68 million in net income (profit) each year or $2.68 on an earnings per share basis. Popular employs 7,784 workers across the globe.
What is Popular's official website?
How can I contact Popular?
Popular's mailing address is 209 Munoz Rivera Avenue Popular Center Building, HATO REY PR, 00936. The bank can be reached via phone at 787-765-9800 or via email at [email protected]
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 BPOP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BPOP will underperform the S&P 500 over the long term. You may vote once every thirty days.
