Popular Inc (NASDAQ: BPOP) is 0.66% higher on its value in year-to-date trading and has touched a low of $79.01 and a high of $105.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BPOP stock was last observed hovering at around $94.60 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $94.68, the stock is 0.34% and -0.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing 0.08% at the moment leaves the stock 1.42% off its SMA200. BPOP registered 14.92% gain for a year compared to 6-month gain of 3.85%. The firm has a 50-day simple moving average (SMA 50) of $95.4152 and a 200-day simple moving average (SMA200) of $93.35295.
The stock witnessed a -4.51% loss in the last 1 month and extending the period to 3 months gives it a -1.40%, and is 0.66% 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 2.59% over the week and 2.34% over the month.
Popular Inc (BPOP) has around 9088 employees, a market worth around $6.75B and $4.17B in sales. Current P/E ratio is 12.86 and Fwd P/E is 9.65. Profit margin for the company is 12.69%. Distance from 52-week low is 19.83% and -9.84% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
The EPS is expected to grow by 4.22% this year
481.0 institutions hold shares in Popular Inc (BPOP), with institutional investors hold 92.08% of the company’s shares. The shares outstanding are 71.79M, and float is at 69.79M with Short Float at 1.55%. Institutions hold 90.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.07 million shares valued at $802.29 million. The investor’s holdings represent 12.6236 of the BPOP Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 4.39 million shares valued at $388.34 million to account for 6.1103 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.87 million shares representing 5.3844 and valued at over $342.2 million, while BLACKROCK INC. holds 4.852 of the shares totaling 3.49 million with a market value of $308.36 million.
Popular Inc (BPOP) Insider Activity
The most recent transaction is an insider sale by Castellvi Beatriz, the company’s EVP & Chief Security Officer. SEC filings show that Castellvi Beatriz sold 3,500 shares of the company’s common stock on Nov 06 ’24 at a price of $99.16 per share for a total of $0.35 million. Following the sale, the insider now owns 25115.0 shares.
Popular Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Rodriguez Adorno Denissa (Senior VP & Comptroller) sold a total of 1,825 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $97.71 per share for $0.18 million. Following the transaction, the insider now directly holds 3332.0 shares of the BPOP stock.
Still, SEC filings show that on Aug 20 ’24, Burckhart Camille (Executive Vice President) disposed off 5,917 shares at an average price of $97.60 for $0.58 million. The insider now directly holds 29,922 shares of Popular Inc (BPOP).
