The stock of Popular Inc (NASDAQ:BPOP) is a huge mover today! About 223,162 shares traded hands. Popular Inc (NASDAQ:BPOP) has risen 39.83% since March 3, 2016 and is uptrending. It has outperformed by 31.49% the S&P500.
The move comes after 9 months positive chart setup for the $4.18B company. It was reported on Oct, 6 by Barchart.com. We have $64.53 PT which if reached, will make NASDAQ:BPOP worth $2.68 billion more.
Analysts await Popular Inc (NASDAQ:BPOP) to report earnings on October, 28. They expect $0.89 earnings per share, down 1.11% or $0.01 from last year’s $0.9 per share. BPOP’s profit will be $94.54M for 11.05 P/E if the $0.89 EPS becomes a reality. After $0.85 actual earnings per share reported by Popular Inc for the previous quarter, Wall Street now forecasts 4.71% EPS growth.
Popular Inc (NASDAQ:BPOP) Ratings Coverage
Out of 9 analysts covering Popular Inc (NASDAQ:BPOP), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Popular Inc has been the topic of 12 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Popular Inc (NASDAQ:BPOP) earned “Buy” rating by Guggenheim on Monday, July 27. The stock of Popular Inc (NASDAQ:BPOP) earned “Buy” rating by HSBC on Tuesday, January 12. The firm earned “Buy” rating on Monday, July 27 by Goldman Sachs. The firm has “Underperform” rating by Bank of America given on Wednesday, September 23. Compass Point maintained the shares of BPOP in a report on Thursday, April 28 with “Buy” rating. The rating was upgraded by Zacks to “Sell” on Monday, August 24. Barclays Capital initiated it with “Equal-Weight” rating and $32 target price in Thursday, June 23 report. Merion Capital initiated the stock with “Outperform” rating in Friday, February 26 report. Piper Jaffray initiated Popular Inc (NASDAQ:BPOP) on Friday, April 8 with “Overweight” rating. Compass Point initiated the stock with “Buy” rating in Thursday, February 25 report.
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.”
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.01, from 1.04 in 2016Q1. The ratio is positive, as 14 funds sold all Popular Inc shares owned while 78 reduced positions. 35 funds bought stakes while 62 increased positions. They now own 85.81 million shares or 0.79% less from 86.49 million shares in 2016Q1.
Stevens Cap Mngmt L P holds 9,479 shares or 0.01% of its portfolio. Moreover, Utd Service Automobile Association has 0.01% invested in Popular Inc (NASDAQ:BPOP) for 93,000 shares. Millennium Management Ltd Liability Co accumulated 0.11% or 1.64M shares. Dimensional Fund Advsrs Limited Partnership has 0.06% invested in the company for 3.45M shares. Boston Advsrs Limited Liability Com has 0.13% invested in the company for 177,810 shares. Walleye Trading Ltd Llc last reported 6,776 shares in the company. Qs Ltd Llc accumulated 0.16% or 657,187 shares. Engineers Gate Manager L P last reported 54,117 shares in the company. Creative Planning last reported 3,373 shares in the company. Swiss State Bank has 174,900 shares for 0.01% of their US portfolio. Wells Fargo And Comm Mn, a California-based fund reported 210,805 shares. Fuller & Thaler Asset Management reported 1,700 shares or 0% of all its holdings. Fifth Third Bancorp holds 0% or 54 shares in its portfolio. Moreover, Blackrock Fund Advsrs has 0.01% invested in Popular Inc (NASDAQ:BPOP) for 1.13M shares. Signaturefd Ltd Co has 949 shares for 0% of their US portfolio.
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 selling transactions for $350,893 net activity. $122,497 worth of Popular Inc (NASDAQ:BPOP) was sold by GUERRERO JUAN on Monday, May 23. 4,000 shares with value of $118,496 were sold by MONZON GILBERTO on Thursday, May 12. Garcia Jorge J. had sold 3,500 shares worth $109,900 on Tuesday, May 24.
More notable recent Popular Inc (NASDAQ:BPOP) news were published by: Reuters.com which released: “BRIEF-Popular Inc says reports adverse arbitration award in FDIC dispute” on October 04, 2016, also Nasdaq.com with their article: “First Week of BPOP November 18th Options Trading” published on July 27, 2016, Streetinsider.com published: “Form 8-K POPULAR INC For: Oct 03” on October 05, 2016. More interesting news about Popular Inc (NASDAQ:BPOP) were released by: Businesswire.com and their article: “CORRECTING and REPLACING Popular, Inc. Declares Dividends on Preferred Stock …” published on August 04, 2016 as well as Businesswire.com‘s news article titled: “Popular, Inc. to Report Third Quarter Results and Hold Conference Call on …” with publication date: September 26, 2016.
BPOP Company Profile
Popular, Inc. (Popular), incorporated on November 20, 1984, is a financial holding company. The Firm operates in two divisions: 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 Firm has activities in Puerto Rico, the United States and the Caribbean.
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