Polaris Capital Management adds Popular Inc (BPOP) to its portfolio

Popular Inc (BPOP) : Polaris Capital Management added new position in Popular Inc during the most recent quarter end. The investment management firm now holds 2,230,141 shares of Popular Inc which is valued at $91,748,001 , the company said in a statement filed on Nov 14, 2016 with the SEC.Popular Inc makes up approximately 6.77% of Polaris Capital Management’s portfolio.

Other Hedge Funds, Including , Usa Financial Portformulas Corp added BPOP to its portfolio by purchasing 7,401 company shares during the most recent quarter which is valued at $303,145. Popular Inc makes up approx 0.08% of Usa Financial Portformulas Corp’s portfolio. Citadel Advisors added BPOP to its portfolio by purchasing 261,835 company shares during the most recent quarter which is valued at $10,724,762. Popular Inc makes up approx 0.03% of Citadel Advisors’s portfolio. Sg Americas Securities sold out all of its stake in BPOP during the most recent quarter. The investment firm sold 107,499 shares of BPOP which is valued $3,987,138.Ibm Retirement Fund reduced its stake in BPOP by selling 583 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 9,759 shares of BPOP which is valued at $364,596. Popular Inc makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Popular Inc closed down -0.16 points or -0.38% at $41.72 with 6,66,496 shares getting traded on Monday. Post opening the session at $41.52, the shares hit an intraday low of $41.1522 and an intraday high of $41.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Popular Inc reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.88.Analysts expectations of $ 489.31.During the same quarter in the previous year, the company posted $0.82 EPS.

Popular Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Company’s BPPR segment provides retail including residential mortgage loans originations and commercial banking services through its banking subsidiary Banco Popular de Puerto Rico as well as auto and equipment leasing and financing investment banking broker-dealer and insurance services through specialized subsidiaries. The Company’s BPNA segment consists of Popular North America Inc. (PNA) functioning as the holding company for the Company’s operations in the United States. The banking operations of BPNA in the United States mainland are based in New York Florida and New Jersey conducted under the name of Popular Community Bank.

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