Popular (NASDAQ: BPOP) posted its quarterly earnings results on Thursday. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.31. During the same quarter in the previous year, the company posted $0.14 earnings per share.
BPOP has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Popular from a ?neutral? rating to a ?buy? rating in a research note to investors on Thursday, January 3rd. They now have a $26.00 price target on the stock. On the ratings front, analysts at Sandler O?Neill initiated coverage on shares of Popular in a research note to investors on Thursday, December 20th. They set a ?buy? rating and a $24.00 price target on the stock. Popular (BPOP) traded up 10.66% on Thursday, hitting $25.13. Popular (BPOP) has a 1-year low of $13.38 and a 1-year high of $23.20. The stock?s 50-day moving average is currently $21.17. The company has a market cap of $2.591 billion and a price-to-earnings ratio of 14.83.
Popular, Inc. is a diversified, publicly owned bank holding company. The Company operates in three markets: Puerto Rico, the United States mainland and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican Republic, El Salvador and Costa Rica.