Popular Inc. (BPOP) Is Down -28.77% in 2020 With Lots of Room to Run

Popular Inc. (NASDAQ: BPOP) is -28.77% lower on its value in year-to-date trading and has touched a low of $23.69 and a high of $61.46 in the current 52-week trading range. The BPOP stock was last observed hovering at around $38.71 in the last trading session, with the day’s gains setting it 3.14% off its average median price target of $53.50 for the next 12 months. It is also 36.59% off the consensus price target high of $66.00 offered by 6 analysts, but current levels are -13.11% lower than the price target low of $37.00 for the same period.

Currently trading at $41.85, the stock is 19.22% and 8.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 8.11% at the moment leaves the stock -18.58% off its SMA200. BPOP registered -27.48% loss for a year compared to 6-month loss of -24.59%. The firm has a 50-day simple moving average (SMA 50) of $33.86 and a 200-day simple moving average (SMA200) of $50.20.

The stock witnessed a 17.23% gain in the last 1 month and extending the period to 3 months gives it a -25.85%, and is 27.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.03% over the week and 6.76% over the month.

Popular Inc. (BPOP) has around 8560 employees, a market worth around $4.02B and $2.26B in sales. Current P/E ratio is 6.08 and Fwd P/E is 7.20. Profit margin for the company is 29.50%. Distance from 52-week low is 76.66% and -31.90% from its 52-week high. The company has generated returns on investments over the last 12 months (23.00%).

Popular Inc. (BPOP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Popular Inc. (BPOP) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Popular Inc. quarterly earnings per share for the current quarter are estimated at $1.47 with sales reaching $535.67M over the same period.The EPS is expected to grow by 8.60% this year, but quarterly earnings will post 14.00% year-over-year. Quarterly sales are estimated to grow 13.70% in year-over-year returns.

Popular Inc. (BPOP) Top Institutional Holders

426 institutions hold shares in Popular Inc. (BPOP), with 1.15M shares held by insiders accounting for 1.30% while institutional investors hold 96.76% of the company’s shares. The shares outstanding are 96.18M, and float is at 87.51M with Short Float at 1.35%. Institutions hold 95.50% of the Float.

Popular Inc. (BPOP) Insider Activity

A total of 86 insider transactions have happened at Popular Inc. (BPOP) in the last six months, with sales accounting for 54 and purchases happening 32 times. The most recent transaction is an insider purchase by CARRADY ROBERT, the company’s Director. SEC filings show that CARRADY ROBERT bought 1,000 shares of the company’s common stock on Feb 25 at a price of $52.46 per share for a total of $52460.0. Following the purchase, the insider now owns 3073.0 shares.

Popular Inc. disclosed in a document filed with the SEC on Nov 27 that FERRER JAVIER D. (Executive VP & General Counsel) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Nov 27 and was made at $55.20 per share for $358800.0. Following the transaction, the insider now directly holds 33347.0 shares of the BPOP stock.

Still, SEC filings show that on Nov 14, Garcia Jorge J. (Senior VP & Comptroller) disposed off 3,262 shares at an average price of $55.12 for $179801.0. The insider now directly holds 9,029 shares of Popular Inc. (BPOP).

Popular Inc. (BPOP): Who are the competitors?

The company’s main competitors (and peers) include First Community Bankshares Inc. (FCBC) that is trading -27.68% down over the past 12 months. Fifth Third Bancorp (FITB) is -31.68% down on the 1-year trading charts. Short interest in the company’s stock has fallen -61.02% from the last report on Mar 12, 2020 to stand at a total of 1.9 million short shares sold with a short interest ratio of 0.69.