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TheStreet Wire

Popular Stock Falls On Unusually High Volume (BPOP)

By TheStreet Wire 06/13/12 - 04:24 PM EDT

Find out if (BPOP) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Popular (Nasdaq:BPOP) is trading at unusually high volume Wednesday with 4.1 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down $1.07 (-7.3%) at $13.68 as of 4 p.m. ET.

Popular has a market cap of $1.52 billion and is part of the financial sector and banking industry. Shares are up 2% year to date as of the close of trading on Tuesday.

Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services primarily to institutional and retail customers in Puerto Rico and the Mainland United States. The company has a P/E ratio of 8.2, above the average banking industry P/E ratio of 7.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Popular as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Popular Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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