Popular Inc. (NASDAQ: BPOP) on Friday, soared 1.20% from the previous trading day, before settling in for the closing price of $101.28. Within the past 52 weeks, BPOP’s price has moved between $59.27 and $105.01.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 51.70%. The company achieved an average annual earnings per share of 9.39%. With a float of $70.82 million, this company’s outstanding shares have now reached $72.15 million.
Considering the fact that the conglomerate employs 9088 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 89.07%, operating margin of 19.58%, and the pretax margin is 16.93%.
Popular Inc. (BPOP) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Popular Inc. is 2.10%, while institutional ownership is 88.61%. The most recent insider transaction that took place on Aug 20 ’24, was worth 577,499. In this transaction Executive Vice President of this company sold 5,917 shares at a rate of $97.60, taking the stock ownership to the 29,922 shares. Before that another transaction happened on Aug 20 ’24, when Company’s Officer proposed sale 5,917 for $99.14, making the entire transaction worth $586,611.
Popular Inc. (BPOP) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.9 earnings per share (EPS) for the period topping the consensus outlook (set at 1.85) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 1.79% growth over the previous five years of trading.
Popular Inc. (NASDAQ: BPOP) Trading Performance Indicators
Popular Inc. (BPOP) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.80. Likewise, its price to free cash flow for the trailing twelve months is 20.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.10, a number that is poised to hit 2.31 in the next quarter and is forecasted to reach 10.85 in one year’s time.
Technical Analysis of Popular Inc. (BPOP)
Compared to the last year’s volume of 0.39 million, its volume of 0.4 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 93.32%. Additionally, its Average True Range was 2.48.
During the past 100 days, Popular Inc.’s (BPOP) raw stochastic average was set at 89.72%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.58% in the past 14 days, which was lower than the 24.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $95.55, while its 200-day Moving Average is $86.51. Nevertheless, the first resistance level for the watch stands at $103.06 in the near term. At $103.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $104.75. If the price goes on to break the first support level at $101.37, it is likely to go to the next support level at $100.25. Should the price break the second support level, the third support level stands at $99.68.
Popular Inc. (NASDAQ: BPOP) Key Stats
Market capitalization of the company is 7.41 billion based on 72,272K outstanding shares. Right now, sales total 3,896 M and income totals 541,340 K. The company made 1,088 M in profit during its latest quarter, and 177,790 K in sales during its previous quarter.
