Popular (BPOP) Earning Somewhat Favorable News Coverage, Report Finds

Press coverage about Popular (NASDAQ:BPOP) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Popular earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.156423226017 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Popular (BPOP) opened at $38.40 on Tuesday. Popular has a 1-year low of $32.04 and a 1-year high of $45.96. The firm has a market capitalization of $3,920.00, a price-to-earnings ratio of 19.59 and a beta of 1.31.

Popular (NASDAQ:BPOP) last issued its earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). Popular had a return on equity of 5.70% and a net margin of 9.98%. The firm had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $513.85 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Popular’s quarterly revenue was up 11.3% compared to the same quarter last year. analysts expect that Popular will post 2.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Monday, December 4th. Popular’s dividend payout ratio (DPR) is currently 51.02%.

Several equities analysts have commented on the company. ValuEngine downgraded Popular from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, January 11th. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Barclays upped their target price on Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $50.50 target price on shares of Popular in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Popular currently has a consensus rating of “Buy” and a consensus target price of $45.93.

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About Popular

Popular, Inc (Popular) 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 and the Caribbean.

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