Popular Inc. (NASDAQ:BPOP) finished Friday with an addition of $2.08 to close at $83.50, an upside of 2.55 percent. An average of 464,260 shares of common stock have been traded in the last five days. There was a gain of $4.31 in the past week, and it reached a new high 48 times over the past 12 months. The last 20 days have seen an average of 396,355 shares traded, while the 50-day average volume stands at 426,530.
BPOP stock has increased by 11.32% in the last month. The company shares reached their 1-month lowest point of $72.43 on 09/23/21. With the stock rallying to its 52-week high on 10/22/21, shares of the company touched a low of $38.05 and a high of $83.72 in 52 weeks. It has reached a new high 34 times so far this year and achieved 48.26% or $27.18 in price. In spite of this, the price is down -0.26% from the 52-week high.
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57 days have passed since Popular Inc. (BPOP) last reported insider trading activity. UNANUE CARLOS, who is Director, most recently acquired $6,681 shares at $77.33 per share on Aug 27. In this transaction, the insider spent $516,655. Executive VP & General Counsel, FERRER JAVIER D., disposed of 9,500 shares at a price of $76.30 on Aug 26. The insider now owns more than $724,878 worth of shares. Prior to that, CEO & PRESIDENT ALVAREZ IGNACIO went on to Sale 15,000 shares at $76.37 each on Aug 26. An amount of $1,145,610 was transacted.
Popular Inc. (BPOP) has a trailing price-to-earnings (P/E) ratio of 8.45, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, Popular Inc.’s PE ratio has ranged between 47.40 and 3.611. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.22, the price-to-book (PB) ratio at 1.18, and the price-to-cash flow ratio at 10.47.
Popular Inc. pays a $1.80 dividend per share annually. It offers a dividend yield of 2.16%. The company has a payout ratio of 16.70%. The company’s most recent quarterly dividend payment took place on Oct. 1, and it was $0.45 a share, without any change from last year. Its dividend has been increased for the last 3 consecutive years with the latest increase dividend $0.05 reported on Friday May 7 2021.Dividends have grown by 60.00% each year over the last three years.
Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Its gross profit as reported stood at $1.86 billion compared to revenue of $2.09 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Popular Inc.’s return on assets was 1.20%. For the broader industry, ROE averaged 11.10 over the past year.
For the three-month period that ended June 29, Popular Inc. had $1.18 billion in total debt. The analyst consensus anticipated Popular Inc.’s latest quarter earnings to come in at $2.03 per share, but it turned out to be $2.66, a 31.00% surprise. At the end of the quarter ending June 29, Popular Inc.’s stock balance sheet showed total debt was $1.44 billion. Shareholders own equity worth $80.67 million.
From a technical analysis perspective, let’s take a brief look at Popular Inc. (BPOP) price momentum. RSI 9-day as of the close on 22 October was 74.44%, suggesting the stock is Overbought, with historical volatility in this time frame at 20.49%.
As of today, BPOP’s price is $81.37 +5.44% or $4.31 from its 5-day moving average. BPOP is currently trading +9.62% higher than its 20-day SMA and +3.47% higher than its 100-day SMA. However, the stock’s current price level is +7.87% above the SMA50 and +40.15% above the SMA200.
The stochastic %K and %D were 76.29% and 65.70%, respectively, and the average true range (ATR) was 2.03. With the 14-day stochastic at 93.98% and the average true range at 1.99, the RSI (14) stands at 69.86%. The stock has reached 1.82 on the 9-day MACD Oscillator while the 14-day reading was at 1.66.
UBS upgraded Popular Inc. (NASDAQ: BPOP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Popular Inc. (BPOP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BPOP, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is BPOP’s price target for the next 12 months?
Analysts predict a range of price targets between $86.00 and $103.00, with a median target of $96.00. Taking a look at these predictions, the average price target given by analysts for Popular Inc. (BPOP) stock is $95.25.