Popular Inc. (NASDAQ:BPOP) finished Friday with an addition of $1.05 to close at $66.32, an upside of 1.61 percent. An average of 579,260 shares of common stock have been traded in the last five days. There was a gain of $2.25 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 552,950 shares traded, while the 50-day average volume stands at 566,438.
BPOP stock has decreased by -9.18% in the last month. The company shares reached their 1-month lowest point of $62.55 on 12/19/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $62.55 and a high of $99.49 in 52 weeks. It has reached a new high 10 times so far this year and lost -19.16% or -$15.72 in price. In spite of this, the price is down -33.34% from the 52-week high.
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BPOP stock investors should be aware that Popular Inc. (BPOP) stock had its last reported insider trading activity 127 days ago on Aug 26. In this transaction, the insider spent $110,937. Executive Vice President & CFO, VAZQUEZ CARLOS J, disposed of 9,635 shares at a price of $80.38 on Aug 26. The insider now owns more than $774,461 worth of shares. Prior to that, Executive Vice President SEPULVEDA ELI went on to Sale 5,000 shares at $81.09 each on Aug 17. An amount of $405,470 was transacted.
Popular Inc. (BPOP) has a trailing price-to-earnings (P/E) ratio of 4.83. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.07, the price-to-book (PB) ratio at 1.34, and the price-to-cash flow ratio at 5.44.
The company has a payout ratio of 15.30%. The company’s most recent quarterly dividend payment was $0.55 a share, without any change from last year. Its latest increase dividend $0.4170 reported on Thursday February 24 2022.
Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.26 for the quarter ending September 29. Its gross profit as reported stood at $1.96 billion compared to revenue of $2.12 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 1.50%.
For the three-month period that ended September 29, Popular Inc. had $888.53 million in total debt. The analyst consensus anticipated Popular Inc.’s latest quarter earnings to come in at $2.71 per share, but it turned out to be $5.7, a 110.30% surprise. At the end of the quarter ending September 29, Popular Inc.’s stock balance sheet showed total debt was $1.47 billion. Shareholders own equity worth $72.69 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 30 December was 56.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.76%.
As of today, BPOP’s price is $65.06 +3.51% or $2.25 from its 5-day moving average. BPOP is currently trading -6.96% lower than its 20-day SMA and -13.25% lower than its 100-day SMA. However, the stock’s current price level is -9.69% below the SMA50 and -21.01% below the SMA200.
The stochastic %K and %D were 41.51% and 34.83%, respectively, and the average true range (ATR) was 1.61. With the 14-day stochastic at 57.25% and the average true range at 1.74, the RSI (14) stands at 49.27%. The stock has reached 0.75 on the 9-day MACD Oscillator while the 14-day reading was at 0.57.
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 6 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 $75.00 and $103.00, with a median target of $87.50. Taking a look at these predictions, the average price target given by analysts for Popular Inc. (BPOP) stock is $88.83.