BPOP Stock Summary and Trading Ideas (Popular | NASDAQ:BPOP)

Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, a bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. The Corporation's reportable segments consist of Banco Popular de Puerto Rico and Popular U.S.

Popular trades on the NASDAQ stock market under the symbol BPOP.

As of May 6, 2024, BPOP stock price climbed to $89.14 with 247,749 million shares trading.

BPOP has a beta of 1.03, meaning it tends to be more sensitive to market movements. BPOP has a correlation of 0.20 to the broad based SPY ETF.

BPOP has a market cap of $6.44 billion. This is considered a Mid Cap stock.

Last quarter Popular reported $551 million in Revenue and $1.88 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $.02.

In the last 3 years, BPOP stock traded as high as $99.49 and as low as $49.34.

The top ETF exchange traded funds that BPOP belongs to (by Net Assets): VTI, VB, VBR, VXF, SDVY.

BPOP has outperformed the market in the last year with a price return of +66.0% while the SPY ETF gained +28.3%. However, in the short term, BPOP had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.1% vs +4.8% return in SPY. But in the last 2 weeks, BPOP shares have fared better than the market returning +7.1% compared to SPY +4.3%.

BPOP support price is $87.49 and resistance is $90.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BPOP stock will trade within this expected range on the day.