Adversity is less terrifying than hope: Popular Inc. (BPOP)

Popular Inc. (NASDAQ: BPOP) stock jumped 2.78% on Tuesday to $60.31 against a previous-day closing price of $58.68. With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.86 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $61.41 whereas the lowest price it dropped to was $58.59. The 52-week range on BPOP shows that it touched its highest point at $83.64 and its lowest point at $49.34 during that stretch. It currently has a 1-year price target of $72.00. With its current market cap of 4.40 billion, BPOP has annualized dividend of $2.20 while the current yield stands at 3.65%. Beta for the stock currently stands at 0.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BPOP was up-trending over the past week, with a rise of 10.46%, but this was up by 2.13% over a month. Three-month performance dropped to -14.58% while six-month performance fell -13.10%. The stock lost -21.63% in the past year, while it has lost -9.06% so far this year. A look at the trailing 12-month EPS for BPOP yields 14.24 with Next year EPS estimates of 8.46. For the next quarter, that number is 1.81. This implies an EPS growth rate of 27.60% for this year and 8.99% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 40.50%.

Float and Shares Shorts:

At present, 71.54 million BPOP shares are outstanding with a float of 71.51 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.01 million, which was 2.79% higher than short shares on Mar 30, 2023. In addition to Mr. Ignacio Alvarez Esq. as the firm’s Pres, CEO & Director, Mr. Carlos J. Vazquez serves as its Exec. VP & CFO of Corp. Fin. Group.

Institutional Ownership:

Through their ownership of 85.93% of BPOP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.97% of BPOP, in contrast to 3.86% held by mutual funds. Shares owned by individuals account for 27.83%. As the largest shareholder in BPOP with 11.68% of the stake, The Vanguard Group, Inc. holds 8,393,105 shares worth 8,393,105. A second-largest stockholder of BPOP, Dimensional Fund Advisors LP, holds 4,001,340 shares, controlling over 5.57% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in BPOP, holding 3,595,668 shares or 5.00% stake. With a 4.00% stake in BPOP, the First Trust Rising Dividend Achie is the largest stakeholder. A total of 2,871,584 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Value Fund, which owns about 3.40% of BPOP stock, is the second-largest Mutual Fund holder. It holds 2,444,640 shares valued at 146.7 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in BPOP, owning 2,235,982 shares worth 134.18 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BPOP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BPOP analysts setting a high price target of $83.00 and a low target of $62.00, the average target price over the next 12 months is $72.00. Based on these targets, BPOP could surge 37.62% to reach the target high and rise by 2.8% to reach the target low. Reaching the average price target will result in a growth of 19.38% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, BPOP has a current ratio of $2.2, which is $2.2 over the trailing 12-months, while a dividend of $1.5 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BPOP currently yields $3.65. In the past year, BPOP’s dividend yield has been $3.65, but when looking at the stock over the past five years, its yield has been $2.53. Accordingly, BPOP has a current buyback yield of $5.19. This was $5.19 for the TTM, and it was $8.35 for the past five years.

Summary of Insider Activity:

Insiders traded BPOP stock several times over the past three months with 25 Buys and 20 Sells. In these transactions, 137,706 shares were bought while 24,934 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 144,683 while 73,447 shares were sold.

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