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Popular’s Carrión sells 16,858 bank shares

By on October 31, 2016

Richard Carrión, Popular Inc. CEO

Richard Carrión, Popular Inc. CEO

SAN JUAN – Popular Inc. Chairman & CEO Richard L. Carrión sold 16,858 shares of the bank’s stock in a transaction dated Oct. 27, according to market news website  

At an average price of $37.44, the shares sold amounted to $631,163.52, according to a filing made with the Securities and Exchange Commission, or SEC.

Shares of San Juan-based Popular Inc., the bank holding company of Banco Popular and Popular Community Bank in the mainland U.S., closed at $36.54 Friday. The corporation has a 50-day moving average of $38.28 and a 200-day moving average of $33.57.

The company has a market capitalization of $3.79 billion and a price-earnings ratio of 10.64. Popular Inc. has a one-year low of $22.40 and a one-year high of $39.88, according to Yahoo Finance.

On Oct. 25, Popular reported earnings per share for the third quarter of $0.44, missing the consensus estimate of $0.88 by $0.44. Popular had a net margin of 17.25% and a return on equity of 7.03%.

On Oct. 3, the parent of Banco Popular paid a quarterly dividend to stockholders of record on Sept. 9 of $0.15 per share, with an ex-dividend date of Sept. 7. This represented a $0.60 annualized dividend and a dividend yield of 1.64%.

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