On August 20, 2024, Camille Burckhart, Executive Vice President of Popular Inc (NASDAQ:BPOP), sold 5,917 shares of the company. The transaction was filed with the SEC on the same day. Following this sale, the insider now owns 29,922.45 shares of Popular Inc.
Popular Inc operates as a financial services company primarily in Puerto Rico and the United States. The company offers a range of retail, mortgage, commercial and other financial services.
Over the past year, Camille Burckhart has sold a total of 27,681 shares and purchased no shares. This latest transaction is part of a broader trend seen at Popular Inc, where there were no insider purchases over the past year, but 15 insider sales.
Popular Inc. shares traded at $97.6 on the day of the transaction, giving the company a market capitalization of approximately $7.05 billion. The stock’s price-to-earnings ratio is 13.72, which is above both the industry median of 10.045 and the company’s historical median.
The GF Value of the stock is estimated at $83.44, which represents a Price to GF Value ratio of 1.17. This suggests that Popular Inc. is slightly overvalued based on its GF Value.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale could be of interest to investors who track insider behavior and evaluate the stock’s valuation metrics relative to its current trading price.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
