Popular, Inc. (NASDAQ:BPOP - Get Free Report) CEO Javier Ferrer sold 35,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $175.43, for a total value of $6,140,050.00. Following the completion of the transaction, the chief executive officer owned 96,478 shares of the company's stock, valued at approximately $16,925,135.54. The trade was a 26.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Popular Price Performance
NASDAQ:BPOP opened at $173.96 on Tuesday. Popular, Inc. has a 1-year low of $108.74 and a 1-year high of $179.00. The firm has a market capitalization of $11.23 billion, a P/E ratio of 11.75, a PEG ratio of 0.67 and a beta of 0.61. The company's fifty day moving average price is $166.47 and its 200-day moving average price is $149.81.
Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, beating analysts' consensus estimates of $3.72 by $0.63. The business had revenue of $846.92 million during the quarter, compared to analyst estimates of $878.41 million. Popular had a return on equity of 15.47% and a net margin of 21.37%.During the same quarter last year, the business posted $3.09 EPS. Equities analysts anticipate that Popular, Inc. will post 15.72 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BPOP shares. Truist Financial lifted their target price on shares of Popular from $192.00 to $197.00 and gave the company a "buy" rating in a report on Friday, July 24th. Keefe, Bruyette & Woods increased their price target on shares of Popular from $190.00 to $207.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Royal Bank Of Canada lifted their price objective on shares of Popular from $163.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Piper Sandler reaffirmed an "overweight" rating and issued a $198.00 price target (up from $190.00) on shares of Popular in a report on Friday, July 24th. Finally, Weiss Ratings reiterated a "buy (a-)" rating on shares of Popular in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $186.92.
Check Out Our Latest Report on Popular
Institutional Trading of Popular
Hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC acquired a new position in shares of Popular during the 2nd quarter worth approximately $1,067,000. Foster & Motley Inc. acquired a new stake in shares of Popular in the second quarter valued at approximately $780,000. Bank of New York Mellon Corp purchased a new position in Popular during the second quarter worth approximately $54,916,000. Insight Wealth Strategies LLC purchased a new position in Popular during the second quarter worth approximately $6,914,000. Finally, Assenagon Asset Management S.A. boosted its stake in Popular by 108.3% during the second quarter. Assenagon Asset Management S.A. now owns 149,094 shares of the bank's stock worth $24,478,000 after buying an additional 77,507 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.
About Popular
(
Get Free Report)
Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.
The company's product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.
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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
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 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 set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. 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.
