Popular Stock Price, News & Analysis (NASDAQ:BPOP)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Popular in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BPOP shares.
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7 brokerages have issued 1-year price targets for Popular's stock. Their BPOP share price targets range from $57.00 to $86.00. On average, they anticipate the company's share price to reach $72.14 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
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Popular's stock was trading at $66.32 at the beginning of the year. Since then, BPOP stock has increased by 15.5% and is now trading at $76.61.
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Popular saw a decrease in short interest in November. As of November 15th, there was short interest totaling 1,590,000 shares, a decrease of 9.1% from the October 31st total of 1,750,000 shares. Based on an average daily volume of 375,600 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.3% of the company's stock are sold short.
View Popular's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our BPOP earnings forecast.

Popular, Inc. (NASDAQ:BPOP) released its earnings results on Thursday, October, 26th. The bank reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.09. The bank earned $693.60 million during the quarter, compared to analyst estimates of $703.21 million. Popular had a net margin of 18.83% and a trailing twelve-month return on equity of 16.06%. Popular's revenue was down 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.70 EPS.

Popular declared a quarterly dividend on Thursday, November 16th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.62 per share on Tuesday, January 2nd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Wednesday, December 6th. This is a positive change from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for BPOP.

Popular (NASDAQ:BPOP) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.98%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BPOP will have a dividend payout ratio of 26.44% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (4.99%), FMR LLC (4.49%), Polaris Capital Management LLC (3.14%), Ameriprise Financial Inc. (2.19%), American Century Companies Inc. (1.01%) and Charles Schwab Investment Management Inc. (0.99%). 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.
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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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