Popular, Inc. (NASDAQ:BPOP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $130.1250.
Several research analysts recently commented on BPOP shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Popular in a report on Saturday, September 27th. Hovde Group reaffirmed an "outperform" rating on shares of Popular in a report on Friday, August 29th. UBS Group reissued a "neutral" rating on shares of Popular in a report on Wednesday, July 9th. Royal Bank Of Canada reissued an "outperform" rating on shares of Popular in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Popular from $125.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, July 24th.
Get Our Latest Analysis on Popular
Insider Buying and Selling
In other Popular news, EVP Gilberto Monzon sold 18,001 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $124.47, for a total value of $2,240,584.47. Following the completion of the transaction, the executive vice president directly owned 24,773 shares of the company's stock, valued at $3,083,495.31. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Popular by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,569,149 shares of the bank's stock worth $329,674,000 after acquiring an additional 34,322 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Popular by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 1,940,484 shares of the bank's stock worth $179,243,000 after acquiring an additional 32,078 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Popular by 32.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,897,419 shares of the bank's stock worth $209,115,000 after acquiring an additional 464,820 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Popular by 0.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,496,309 shares of the bank's stock worth $164,908,000 after acquiring an additional 11,168 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Popular by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,337,901 shares of the bank's stock worth $147,471,000 after acquiring an additional 7,500 shares during the last quarter. 87.27% of the stock is owned by institutional investors.
Popular Trading Up 1.2%
BPOP opened at $125.93 on Friday. The company has a 50 day moving average of $121.98 and a 200 day moving average of $108.14. The company has a market cap of $8.51 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.64 and a beta of 0.68. Popular has a 12 month low of $78.23 and a 12 month high of $129.32.
Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $3.09 EPS for the quarter, topping the consensus estimate of $2.60 by $0.49. The company had revenue of $800.03 million during the quarter, compared to the consensus estimate of $777.38 million. Popular had a net margin of 16.49% and a return on equity of 12.48%. During the same period last year, the firm earned $2.46 EPS. Research analysts forecast that Popular will post 10.06 earnings per share for the current fiscal year.
Popular Dividend Announcement
The company also recently declared a sep 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.1328 dividend. Popular's payout ratio is 29.07%.
About Popular
(
Get 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
