Popular, Inc. (NASDAQ:BPOP) Closed -11.8% Below Its 50 Day Average


The stock is trading at $32.29 quite a bit below the 50 day moving average which is $36.61 and which is much lower than the 200 day moving average of $39.32. The 50 day moving average went down $-4.32 or -11.80% whereas the 200 day average was down by -17.88%. Trading volume for Popular, Inc. was 743K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 83.95% over the normal average daily volume.

Investors are more bearish on shares of Popular, Inc. at least if you consider the uptick in short interest. The firm realized a rise in short interest between September 15, 2017 and September 29, 2017 of 105.66%. Short shares grew 1,467,917 over that period. The short-interest ratio increased to 2.0 and the percentage of shorted shares was 0.03% on September 29.

These firms have modified their investment in BPOP. As of quarter end Shell Asset Management CO had disposed of 600 shares trimming its position 2.3%. The value in dollars went from $1,100,000 to $926,000 decreasing 15.8% quarter to quarter. Denali Advisors LLC bolstered its ownership by buying 20,500 shares an increase of 72.7% as of 09/30/2017. Denali Advisors LLC controls 48,700 shares with a value of $1,750,000. The value of the position overall is up by 48.8%.

As of the end of the quarter Diamond Hill Capital Management Inc had sold a total of 66,856 shares trimming its holdings by 1.6%. The value of the company’s investment in Popular, Inc. decreased from $175,060,000 to $148,440,000 a change of $26,620,000 since the last quarter. Robeco Institutional Asset Management B.v. added to its holdings by buying 38,885 shares an increase of 170.4%. Robeco Institutional Asset Management B.v. now holds 61,707 shares worth $2,218,000. The total value of its holdings increased 133.0%.

On October 11 Barclays made no change to the company rating of “Equal-Weight” and lowered the price expectation from $43.00 to $40.00.

The company is so far trading unchanged from yesterday’s close of 32.29. Additionally the company announced a dividend paid on Monday the 2nd of October 2017. The dividend payment was $0.250 per share for the quarter which comes to $1.00 on an annualized basis. This dividend amount represented a yield of $3.08. The ex-dividend date was set for Wednesday the 13th of September 2017.

Popular, Inc. currently has a P/E ratio of 14.58 and the market cap of the company is 3.29B. As of the latest earnings report the EPS was $2.21 and is projected to be $3.76 for the current year with 102,010,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.00 and the next full year EPS is projected to be $4.19.

Popular, Inc. (Popular), launched on November 20, 1984, is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States..