Popular (NASDAQ:BPOP - Get Free Report)'s stock had its "buy (b)" rating restated by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.
A number of other brokerages have also issued reports on BPOP. Barclays restated an "overweight" rating on shares of Popular in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Popular from $125.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Hovde Group reaffirmed an "outperform" rating on shares of Popular in a research report on Friday, August 29th. Wells Fargo & Company cut their price target on Popular from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Citigroup increased their price target on Popular from $133.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $133.56.
View Our Latest Stock Report on BPOP
Popular Stock Performance
BPOP stock traded down $0.20 during midday trading on Friday, reaching $113.80. The stock had a trading volume of 734,198 shares, compared to its average volume of 564,125. The stock has a market cap of $7.69 billion, a PE ratio of 11.03, a P/E/G ratio of 0.50 and a beta of 0.68. The firm has a fifty day simple moving average of $123.29 and a two-hundred day simple moving average of $111.03. Popular has a 52-week low of $78.23 and a 52-week high of $129.32.
Popular (NASDAQ:BPOP - Get Free Report) last issued its earnings results on Thursday, October 23rd. The bank reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.10. The company had revenue of $817.70 million during the quarter, compared to analyst estimates of $803.95 million. Popular had a return on equity of 12.48% and a net margin of 16.49%.The firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. On average, sell-side analysts predict that Popular will post 10.06 EPS for the current fiscal year.
Insider Activity at Popular
In other news, EVP Gilberto Monzon sold 18,001 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $124.47, for a total transaction of $2,240,584.47. Following the sale, the executive vice president directly owned 24,773 shares in the company, valued at $3,083,495.31. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.09% of the stock is owned by company insiders.
Institutional Investors Weigh In On Popular
Several institutional investors have recently bought and sold shares of the company. Baron Wealth Management LLC boosted its holdings in Popular by 2.5% in the 3rd quarter. Baron Wealth Management LLC now owns 3,597 shares of the bank's stock worth $457,000 after buying an additional 87 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Popular by 0.6% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 17,000 shares of the bank's stock worth $2,171,000 after buying an additional 100 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Popular by 4.2% in the 1st quarter. Venturi Wealth Management LLC now owns 2,847 shares of the bank's stock worth $263,000 after buying an additional 116 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in Popular by 1.3% in the 2nd quarter. Nebula Research & Development LLC now owns 9,579 shares of the bank's stock worth $1,056,000 after buying an additional 119 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in Popular by 0.5% in the 2nd quarter. Greenwich Wealth Management LLC now owns 28,267 shares of the bank's stock worth $3,115,000 after buying an additional 130 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.
Popular Company Profile
(
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.
Featured Articles
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
