Popular, Inc. (NASDAQ:BPOP - Get Free Report) EVP Gilberto Monzon sold 9,600 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the sale, the executive vice president now owns 39,170 shares of the company's stock, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Popular Trading Up 2.0 %
Shares of BPOP stock traded up $2.05 during mid-day trading on Tuesday, reaching $103.53. The stock had a trading volume of 355,842 shares, compared to its average volume of 462,772. The business's fifty day moving average is $97.60 and its 200-day moving average is $97.50. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.75 and a beta of 0.82. Popular, Inc. has a 1-year low of $80.60 and a 1-year high of $106.46.
Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. On average, analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current year.
Popular Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.70%. This is a positive change from Popular's previous quarterly dividend of $0.62. The ex-dividend date was Friday, December 6th. Popular's dividend payout ratio (DPR) is 32.71%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on BPOP. Piper Sandler decreased their price objective on Popular from $112.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company increased their price target on Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Royal Bank of Canada increased their price target on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Popular from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $112.25.
Get Our Latest Stock Analysis on BPOP
Institutional Trading of Popular
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in Popular during the fourth quarter worth about $27,000. Financial Management Professionals Inc. acquired a new stake in Popular during the third quarter worth about $29,000. Picton Mahoney Asset Management grew its holdings in Popular by 56.7% during the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock worth $31,000 after acquiring an additional 118 shares during the period. Capital Performance Advisors LLP acquired a new stake in Popular during the third quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new stake in Popular during the third quarter worth about $47,000. 87.27% of the stock is owned by institutional investors and hedge funds.
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.
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