Analysts Issue Research Notes On Popular Inc. (BPOP)

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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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Insider Transactions

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.

Valuation Metrics

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.

Financial Health

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%.

Earnings Surprise

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.

Technical Picture

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.

Analyst Ratings

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.

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