Media coverage about Popular (NASDAQ:BPOP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Popular earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.4087636097548 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s analysis:
A number of research analysts recently issued reports on the company. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, January 11th. Citigroup assumed coverage on Popular in a research note on Thursday, December 21st. They issued a “buy” rating and a $47.00 price target on the stock. Morgan Stanley raised their price target on Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, ValuEngine upgraded Popular from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Popular has an average rating of “Buy” and an average target price of $45.93.
Shares of Popular (BPOP) opened at $38.49 on Thursday. Popular has a 52 week low of $32.04 and a 52 week high of $45.96. The firm has a market capitalization of $3,930.00, a price-to-earnings ratio of 19.64 and a beta of 1.31.
Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.76). Popular had a net margin of 9.98% and a return on equity of 5.70%. The business had revenue of $478.50 million during the quarter, compared to analyst estimates of $513.85 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. research analysts forecast that Popular will post 2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, December 4th. Popular’s dividend payout ratio (DPR) is currently 51.02%.
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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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