Popular (BPOP) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Popular in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BPOP shares.
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5 equities research analysts have issued 1 year price objectives for Popular's shares. Their BPOP share price forecasts range from $57.00 to $80.00. On average, they expect the company's share price to reach $72.20 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for BPOP or view top-rated stocks among Wall Street analysts.

Popular's stock was trading at $66.32 at the beginning of 2023. Since then, BPOP shares have decreased by 6.8% and is now trading at $61.83.
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Popular saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,080,000 shares, an increase of 13.0% from the August 15th total of 1,840,000 shares. Based on an average trading volume of 407,400 shares, the short-interest ratio is currently 5.1 days. Approximately 3.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our BPOP earnings forecast.

Popular, Inc. (NASDAQ:BPOP) released its quarterly earnings results on Wednesday, July, 26th. The bank reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.39. The bank had revenue of $954.48 million for the quarter, compared to analysts' expectations of $665.37 million. Popular had a trailing twelve-month return on equity of 23.65% and a net margin of 25.97%. During the same period in the previous year, the company posted $2.77 EPS.

Popular declared a quarterly dividend on Friday, August 18th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.55 per share on Monday, October 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for BPOP.

ETFs with the largest weight of Popular (NASDAQ:BPOP) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), First Trust Financial AlphaDEX Fund (FXO), SPDR S&P Bank ETF (KBE) and Alpha Intelligent - Large Cap Value ETF (AILV).

Popular (NASDAQ:BPOP) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.48%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BPOP will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BPOP.

78 employees have rated Popular Chief Executive Officer Ignacio Alvarez on Glassdoor.com. Ignacio Alvarez has an approval rating of 90% among the company's employees. 82.0% of employees surveyed would recommend working at Popular to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Popular investors own include AT&T (T), Advanced Micro Devices (AMD), AbbVie (ABBV), Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM), Alibaba Group (BABA), Energy Transfer (ET), Intel (INTC), QUALCOMM (QCOM) and Exxon Mobil (XOM).

Popular trades on the NASDAQ under the ticker symbol "BPOP."

Popular's stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.53%), BlackRock Inc. (4.72%), Polaris Capital Management LLC (3.56%), State Street Corp (3.50%), Hotchkis & Wiley Capital Management LLC (3.32%) and Geode Capital Management LLC (1.56%). Insiders that own company stock include Alejandro M Sanchez, Beatriz Castellvi, C Kim Goodwin, Camille Burckhart, Carlos J Vazquez, Carlos J Vazquez, Carlos Unanue, Eduardo J Negron, Eli Sepulveda, Gilberto Monzon, Ignacio Alvarez, Javier D Ferrer, Jorge J Garcia, Juan Guerrero, Luis E Cestero, Manuel Chinea, Maria Luisa Ferre and Richard L Carrion.
View institutional ownership trends.

Shares of BPOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BPOP stock can currently be purchased for approximately $61.83.

Popular (NASDAQ:BPOP) has a market capitalization of $4.46 billion and generates $3.36 billion in revenue each year. The bank earns $1.10 billion in net income (profit) each year or $13.58 on an earnings per share basis.

The company employs 8,900 workers across the globe.

Popular's mailing address is 209 Munoz Rivera Avenue Popular Center Building, Hato Rey PR, 00936. The official website for the company is www.popular.com. The bank can be reached via phone at (787) 765-9800, via email at investor-relations@bppr.com, or via fax at 787-751-2137.