Executive Vice President Lidio Soriano Sells 12,922 Shares of Popular Inc
On January 31, 2024, Executive Vice President Lidio Soriano executed a sale of 12,922 shares of Popular Inc (NASDAQ:BPOP), as reported in the SEC Filing. Popular Inc, a financial holding company, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. The company operates in Puerto Rico, the United States, and the Caribbean and Latin American region.
According to the filing, the insider has sold a total of 12,922 shares over the past year and has not made any purchases of the company's stock during the same period. The recent transaction is part of a series of sales by the insider, which aligns with the overall insider trend at Popular Inc.
The insider transaction history for Popular Inc shows a pattern of insider sales, with 9 insider sells recorded over the past year and no insider buys during the same timeframe.
On the valuation front, shares of Popular Inc were trading at $86.77 on the day of the insider's sale, resulting in a market capitalization of $6.219 billion. The price-earnings ratio stands at 11.45, which is above the industry median of 9.31 and also exceeds the company's historical median price-earnings ratio.
Considering the stock's price of $86.77 and the GuruFocus Value of $94.71, Popular Inc has a price-to-GF-Value ratio of 0.92, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
