Popular, Inc. (NASDAQ:BPOP) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 132,933.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,991 shares of the bank's stock after buying an additional 3,988 shares during the period. NBC Securities Inc.'s holdings in Popular were worth $368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BPOP. Smartleaf Asset Management LLC boosted its holdings in Popular by 56.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after purchasing an additional 218 shares during the period. American Century Companies Inc. increased its position in shares of Popular by 3.0% in the fourth quarter. American Century Companies Inc. now owns 1,362,875 shares of the bank's stock valued at $128,192,000 after acquiring an additional 39,999 shares during the period. Harbor Advisors LLC increased its position in shares of Popular by 30.0% in the fourth quarter. Harbor Advisors LLC now owns 13,000 shares of the bank's stock valued at $1,223,000 after acquiring an additional 3,000 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Popular by 23.3% during the 4th quarter. Teacher Retirement System of Texas now owns 24,037 shares of the bank's stock valued at $2,261,000 after purchasing an additional 4,550 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Popular by 31.2% during the 4th quarter. LPL Financial LLC now owns 7,245 shares of the bank's stock valued at $681,000 after purchasing an additional 1,722 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Adorno Denissa Rodriguez sold 500 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.43, for a total value of $52,215.00. Following the completion of the sale, the vice president now owns 3,604 shares of the company's stock, valued at approximately $376,365.72. The trade was a 12.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Camille Burckhart sold 7,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $104.14, for a total transaction of $728,980.00. Following the completion of the sale, the executive vice president now directly owns 27,382 shares of the company's stock, valued at approximately $2,851,561.48. The trade was a 20.36% decrease in their position. The disclosure for this sale can be found here. 2.09% of the stock is owned by company insiders.

Popular Price Performance

NASDAQ BPOP traded up $1.93 during trading on Friday, reaching $105.75. 728,350 shares of the company's stock traded hands, compared to its average volume of 516,862. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.75 and a beta of 0.60. The company's 50 day simple moving average is $95.83 and its two-hundred day simple moving average is $96.66. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $106.81.

Popular (NASDAQ:BPOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.30. The business had revenue of $755.46 million for the quarter, compared to the consensus estimate of $760.45 million. Popular had a net margin of 14.15% and a return on equity of 11.89%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Research analysts expect that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, May 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, May 29th. Popular's dividend payout ratio is currently 28.90%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BPOP. Barclays reiterated an "overweight" rating and issued a $125.00 target price (up previously from $115.00) on shares of Popular in a research note on Thursday, April 24th. Hovde Group decreased their price objective on shares of Popular from $118.00 to $114.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $110.00 to $100.00 in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of Popular from $122.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Piper Sandler upped their target price on shares of Popular from $110.00 to $123.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $114.43.

Popular Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.