Popular (NASDAQ:BPOP) Getting Favorable News Coverage, Study Shows

Media coverage about Popular (NASDAQ:BPOP) has trended positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Popular earned a daily sentiment score of 0.35 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.9257918447268 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

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Shares of NASDAQ BPOP traded up $0.14 during trading hours on Monday, reaching $43.90. The stock had a trading volume of 685,127 shares, compared to its average volume of 908,214. The firm has a market capitalization of $4,471.68, a price-to-earnings ratio of 16.38 and a beta of 1.10. Popular has a 52-week low of $32.04 and a 52-week high of $46.83.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. The firm had revenue of $473.35 million during the quarter. Popular had a return on equity of 5.29% and a net margin of 4.89%. equities research analysts anticipate that Popular will post 4.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. Popular’s payout ratio is 37.31%.

Several research analysts have issued reports on BPOP shares. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Wednesday, February 21st. BTIG Research restated a “buy” rating on shares of Popular in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods set a $49.00 target price on Popular and gave the company a “buy” rating in a research report on Thursday, February 15th. Sandler O’Neill set a $48.00 target price on Popular and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Barclays boosted their target price on Popular from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.31.

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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.

Insider Buying and Selling by Quarter for Popular (NASDAQ:BPOP)

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