Popular (NASDAQ:BPOP – Get Free Report) issued its earnings results on Wednesday. The bank reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.22), Briefing.com reports. The firm had revenue of $736.56 million during the quarter, compared to the consensus estimate of $766.62 million. Popular had a return on equity of 11.73% and a net margin of 12.20%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 EPS.
Popular Stock Performance
NASDAQ BPOP traded down $0.76 on Thursday, hitting $88.97. 877,874 shares of the stock were exchanged, compared to its average volume of 412,714. Popular has a 52-week low of $59.27 and a 52-week high of $105.01. The firm has a market capitalization of $6.43 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.66 and a beta of 0.78. The stock has a fifty day moving average price of $98.54 and a two-hundred day moving average price of $93.04.
Popular Announces Dividend
The business also recently declared 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 was Friday, September 13th. This represents a $2.48 annualized dividend and a yield of 2.79%. Popular’s payout ratio is presently 36.80%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on BPOP
Insider Activity
In related news, EVP Camille Burckhart sold 5,917 shares of Popular stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $577,499.20. Following the completion of the transaction, the executive vice president now directly owns 29,922 shares of the company’s stock, valued at approximately $2,920,387.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.09% of the company’s stock.
About Popular
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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