The stock last traded at $41.46 which is just over $38.85, the 50 day moving average and which is marginally under the 200 day moving average of $41.65. The 50 day moving average moved up $2.61 and the 200 day average went down $-0.19 or -0.45%. (NASDAQ:BPOP) shares saw light trading volume with 351K shares changing hands by the end of trading on Thursday. Trading volume was down 13.17% under the stocks average daily volume.
Investors are feeling more bullish on the company recently as implied by the decrease in short interest. The firm experienced a fall in short interest of -4.97% as of May 31, 2017 from the last reporting period. Short interest fell 59,211 over that timeframe. With short interest at 1,131,306 and short average daily volume at 494,560, days to cover is 2.3 and the percentage of shorted shares is 0.01% as of May 31.
Popular, Inc. (NASDAQ:BPOP) has been the object of insider selling activity recently. Jorge J. Garcia, Senior VP & Comptroller sold $152,600 worth of shares at an average price of $38.15 on Wed the 17th. Garcia now owns $438,805 of stock as reported to the SEC. EVP Eduardo J. Negron sold 2,500 shares at an average price of $39.98 on May 16th. The EVP now owns $1,705,157 of the stock per an SEC filing yesterday.
EXECUTIVE VICE PRESIDENT O. Rivera Nestor sold 11,311 shares at an average price of $41.52 on Tue the 2nd. That brings the EXECUTIVE VICE PRESIDENT’s holdings to $657,926 as recorded in a recent Form 4 SEC filing.
The following firms have also recently changed their position in BPOP. Clinton Group Inc added to its stake by buying 121,849 shares an increase of 231.9%. Clinton Group Inc currently owns 174,388 shares with a value of $7,102,000. The value of the position overall is up by 208.5%. Symphony Asset Management LLC divested its holdings by shedding 20,502 shares a decrease of 76.0% from 03/31/2017 to 12/31/2016. Symphony Asset Management LLC claims 6,473 shares valued at $284,000. The value of the position overall is down by 74.2%.
As of the end of the quarter Clearbridge Investments, LLC had acquired a total of 477 shares growing its stake by 108.7%. The value of the investment in (BPOP) increased from $19,000 to $37,000 a change of 94.7% since the last quarter. Piedmont Investment Advisors LLC expanded its investment by buying 19,241 shares an increase of 131.2% as of 03/31/2017. Piedmont Investment Advisors LLC now controls 33,911 shares with a value of $1,381,000. The value of the position overall is up by 115.1%.
December 5 investment analysts at Barclays left the stock rating at “Equal-Weight” and raised the price target from $36.00 to $43.00. On November 22 the stock rating was downgraded from “” to “Neutral” in a report issued by BTIG Research.
On November 18, 2016 the stock rating was set at “Neutral” by Compass Point down from the previous “” rating. On July 28 Barclays made no change to the company rating of “Equalweight” and moved up the price target to $36.00 from $32.00.
On June 23 analysts at Barclays starting coverage on BPOP by announcing an initial rating of “Equal-weight” and price target of $32.00. On April 8, 2016 Piper Jaffray began coverage with an initial rating of “Overweight”.
The company is so far trading down from yesterday’s close of $41.47. Additionally Popular, Inc. recently declared a dividend that was paid on Mon Jul 3, 2017. The dividend payment was $0.250 per share for the quarter which comes to $1.00 on an annualized basis. The dividend yield was $2.41. The ex-dividend date was Wednesday the 7th of June 2017.
Popular, Inc.’s P/E ratio is 19.37 and market cap is 4.23B. In the last earnings report the EPS was $2.14 and is estimated to be $3.77 for the current year with 101,986,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.96 and the next full year EPS is projected to be $4.13.
Popular, Inc. (Popular), launched on November 20, 1984, 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..Advertisement