Popular, Inc. (NASDAQ:BPOP) is Stieven Capital Advisors L.P.'s 6th Largest Position

Stieven Capital Advisors L.P. boosted its position in Popular, Inc. (NASDAQ:BPOP - Free Report) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,543 shares of the bank's stock after buying an additional 21,200 shares during the period. Popular makes up approximately 4.0% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 6th biggest position. Stieven Capital Advisors L.P. owned approximately 0.29% of Popular worth $20,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Popular in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in Popular during the 3rd quarter valued at about $35,000. Headlands Technologies LLC acquired a new position in Popular during the 1st quarter valued at about $42,000. Mather Group LLC. bought a new stake in Popular during the 2nd quarter worth approximately $44,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Popular in the second quarter worth approximately $48,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Popular

In other news, EVP Beatriz Castellvi sold 3,500 shares of Popular stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total value of $347,060.00. Following the completion of the transaction, the executive vice president now directly owns 25,115 shares in the company, valued at approximately $2,490,403.40. The trade was a 12.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Adorno Denissa Rodriguez sold 1,825 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $97.71, for a total value of $178,320.75. Following the sale, the vice president now directly owns 3,332 shares in the company, valued at $325,569.72. This trade represents a 35.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,242 shares of company stock worth $1,102,880. Company insiders own 2.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Popular from $108.00 to $96.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Hovde Group upped their target price on shares of Popular from $113.00 to $123.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Barclays lowered their target price on shares of Popular from $117.00 to $104.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $120.00 price target (up from $110.00) on shares of Popular in a report on Thursday, July 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Popular from $105.00 to $98.00 and set an "equal weight" rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.88.

Popular Price Performance

Shares of Popular stock traded down $0.16 on Friday, reaching $96.09. 399,498 shares of the company traded hands, compared to its average volume of 667,624. The company has a 50 day moving average of $96.52 and a 200 day moving average of $94.05. Popular, Inc. has a 52 week low of $71.08 and a 52 week high of $105.01. The firm has a market capitalization of $6.85 billion, a PE ratio of 13.06, a PEG ratio of 0.75 and a beta of 0.79.

Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.17). The firm had revenue of $736.56 million for the quarter, compared to the consensus estimate of $766.62 million. Popular had a net margin of 12.36% and a return on equity of 11.35%. Popular's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $1.90 earnings per share. As a group, analysts anticipate that Popular, Inc. will post 8.46 earnings per share for the current year.

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, September 13th. Popular's dividend payout ratio is currently 33.70%.

Popular Company Profile

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.