Shares of Popular, Inc. (NASDAQ:BPOP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $111.57.
A number of research firms have weighed in on BPOP. Keefe, Bruyette & Woods raised their target price on shares of Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised Popular from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $110.00 to $100.00 in a research note on Wednesday, April 9th. StockNews.com upgraded shares of Popular from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. Royal Bank of Canada increased their price target on shares of Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price objective on Popular from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th.
View Our Latest Stock Analysis on Popular
Popular Stock Performance
Shares of NASDAQ:BPOP traded up $1.32 during trading on Friday, reaching $85.22. The stock had a trading volume of 99,316 shares, compared to its average volume of 597,676. Popular has a 1-year low of $78.23 and a 1-year high of $106.81. The stock has a market cap of $5.91 billion, a PE ratio of 9.96, a PEG ratio of 0.75 and a beta of 0.62. The business has a fifty day moving average price of $92.94 and a 200-day moving average price of $95.55.
Popular (NASDAQ:BPOP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. Sell-side analysts expect that Popular will post 10.06 earnings per share for the current year.
Popular Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 18th. This represents a $2.80 annualized dividend and a yield of 3.29%. Popular's dividend payout ratio (DPR) is 32.71%.
Insider Buying and Selling
In related news, EVP Eduardo J. Negron sold 10,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the sale, the executive vice president now owns 32,866 shares in the company, valued at $3,418,721.32. This represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gilberto Monzon sold 9,600 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $102.57, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders own 2.09% of the company's stock.
Institutional Investors Weigh In On Popular
Institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management lifted its stake in shares of Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock valued at $31,000 after purchasing an additional 118 shares during the period. Smartleaf Asset Management LLC raised its holdings in Popular by 56.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock worth $57,000 after purchasing an additional 218 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Popular during the third quarter worth $81,000. Versant Capital Management Inc raised its stake in shares of Popular by 589.9% during the 1st quarter. Versant Capital Management Inc now owns 821 shares of the bank's stock worth $76,000 after buying an additional 702 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Popular in the 4th quarter valued at about $166,000. Hedge funds and other institutional investors own 87.27% of the company's stock.
Popular Company Profile
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Get Free ReportPopular, 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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