Interval Partners LP trimmed its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,013 shares of the bank's stock after selling 29,028 shares during the period. Interval Partners LP's holdings in Popular were worth $2,917,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Popular during the 4th quarter valued at $27,000. Picton Mahoney Asset Management grew its position in shares of Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock valued at $31,000 after purchasing an additional 118 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Popular by 56.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after acquiring an additional 218 shares during the period. R Squared Ltd bought a new stake in Popular in the 4th quarter valued at $166,000. Finally, Yousif Capital Management LLC acquired a new stake in Popular during the fourth quarter worth about $202,000. 87.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $110.00 to $100.00 in a report on Wednesday, April 9th. Barclays reaffirmed an "overweight" rating and set a $125.00 price target (up previously from $115.00) on shares of Popular in a research note on Thursday, April 24th. Piper Sandler lifted their target price on shares of Popular from $110.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Hovde Group cut their price target on shares of Popular from $118.00 to $114.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Popular currently has a consensus rating of "Moderate Buy" and an average target price of $114.43.
View Our Latest Analysis on BPOP
Popular Trading Up 0.3%
Shares of BPOP stock traded up $0.33 during trading hours on Thursday, hitting $104.79. 337,812 shares of the company were exchanged, compared to its average volume of 497,208. The business has a 50 day moving average of $91.27 and a two-hundred day moving average of $95.46. The company has a market capitalization of $7.27 billion, a PE ratio of 12.24, a PEG ratio of 0.75 and a beta of 0.60. Popular, Inc. has a 52 week low of $78.23 and a 52 week high of $106.81.
Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.30. The business had revenue of $755.46 million for the quarter, compared to analyst estimates of $760.45 million. Popular had a net margin of 14.15% and a return on equity of 11.89%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. On average, research analysts forecast that Popular, Inc. will post 10.06 EPS for the current year.
Popular Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, May 29th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 2.67%. Popular's payout ratio is 28.90%.
About Popular
(
Free Report)
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.
Featured Articles
Before you consider Popular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Popular wasn't on the list.
While Popular currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
