Popular (BPOP) Stock Price, News & Analysis

Company Overview

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. It also offers commercial and industrial, commercial multi-family, commercial real estate, and residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases. In addition, the company provides investment banking, auto and equipment leasing and financing, broker-dealer, and insurance services; debit cards; and online banking services. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico.

Key Stats

• Today's Range: $97.28 to $99.69
• 50-Day Range: $88.46 to $102.56
• 52-Week Range: $71.08 to $105.01
• Volume: 745,795 shs
• Average Volume: 426,909 shs
• Market Capitalization: $7.06 billion
• P/E Ratio: 13.45
• Dividend Yield: 2.83%
• Price Target: $104.88
• Consensus Rating: Moderate Buy

Popular Stock Analysis - MarketRank™

Popular scored higher than 98% of companies evaluated by MarketBeat, and ranked 17th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Popular has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Popular has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 23.88%

Earnings Growth

Earnings for Popular are expected to grow by 23.88% in the coming year, from $8.46 to $10.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Popular is 13.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Popular is 13.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.53.

Price to Earnings Growth Ratio

Popular has a PEG Ratio of 0.74. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Popular has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.00% of the float of Popular has been sold short.

Short Interest Ratio / Days to Cover

Popular has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Popular has recently decreased by 28.90%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Popular pays a meaningful dividend of 2.57%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Popular does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Popular is 38.04%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Popular will have a dividend payout ratio of 26.72% next year. This indicates that Popular will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.73

Percentage of Shares Shorted

1.00% of the float of Popular has been sold short.

Short Interest Ratio / Days to Cover

Popular has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Popular has recently decreased by 28.90%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.97

News Sentiment

Popular has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Popular this week, compared to 12 articles on an average week.

Search Interest

3 people have searched for BPOP on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

6 people have added Popular to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Popular insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $525,381.00 in company stock.

Percentage Held by Insiders

Only 2.09% of the stock of Popular is held by insiders.

Percentage Held by Institutions

87.27% of the stock of Popular is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BPOP Stock Analysis - Frequently Asked Questions

How have BPOP shares performed this year?

Popular's stock was trading at $82.07 at the beginning of the year. Since then, BPOP stock has increased by 20.6% and is now trading at $98.96.
View the best growth stocks for 2024 here.

How were Popular's earnings last quarter?

Popular, Inc. (NASDAQ:BPOP) announced its quarterly earnings data on Wednesday, October, 23rd. The bank reported $2.16 EPS for the quarter, missing the consensus estimate of $2.33 by $0.17. Popular's quarterly revenue was up 6.2% on a year-over-year basis.

Who are Popular's major shareholders?

Top institutional investors of Popular include FMR LLC (4.49%), State Street Corp (2.84%), Wellington Management Group LLP (2.60%) and Hotchkis & Wiley Capital Management LLC (1.77%). Insiders that own company stock include Carlos J Vazquez, Gilberto Monzon, C Kim Goodwin, Eli Sepulveda, Maria Luisa Ferre, Camille Burckhart, Manuel Chinea, Luis E Cestero, Beatriz Castellvi, Jorge J Garcia, Adorno Denissa Rodriguez and Alejandro M Sanchez.
View institutional ownership trends.

How do I buy shares of Popular?

Shares of BPOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Popular own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Popular investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/23/2024
• Today: 11/22/2024
• Ex-Dividend for 1/2 Dividend: 12/06/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:BPOP
• CUSIP: 73317470
• CIK: 763901
• Web: www.popular.com
• Phone: (787) 765-9800
• Fax: 787-751-2137
• Employees: 9,237
• Year Founded: 1893

Price Target and Rating

• Average Stock Price Target: $104.88
• High Stock Price Target: $123.00
• Low Stock Price Target: $91.00
• Potential Upside/Downside: +6.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.36
• Trailing P/E Ratio: 13.45
• Forward P/E Ratio: 11.70
• P/E Growth: 0.74
• Net Income: $541.34 million
• Net Margins: 12.36%
• Pretax Margin: 15.59%
• Return on Equity: 11.35%
• Return on Assets: 0.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.66
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $2.75 billion
• Price / Sales: 2.56
• Cash Flow: $9.04 per share
• Price / Cash Flow: 10.95
• Book Value: $80.90 per share
• Price / Book: 1.22

Miscellaneous

• Outstanding Shares: 71,306,000
• Free Float: 69,816,000
• Market Cap: $7.06 billion
• Optionable: Optionable
• Beta: 0.79