Stieven Capital Advisors L.P. Has $10 Million Stock Position in Popular, Inc. (NASDAQ:BPOP)

Stieven Capital Advisors L.P. reduced its stake in Popular, Inc. (NASDAQ:BPOP - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,358 shares of the bank's stock after selling 102,185 shares during the period. Popular makes up approximately 1.8% of Stieven Capital Advisors L.P.'s holdings, making the stock its 28th largest holding. Stieven Capital Advisors L.P. owned approximately 0.15% of Popular worth $10,004,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Popular by 0.3% in the 4th quarter. Rhumbline Advisers now owns 92,877 shares of the bank's stock valued at $8,736,000 after purchasing an additional 281 shares during the period. Van ECK Associates Corp grew its position in Popular by 33.0% during the 4th quarter. Van ECK Associates Corp now owns 54,374 shares of the bank's stock worth $5,114,000 after acquiring an additional 13,504 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in Popular during the 4th quarter worth approximately $206,000. Wilmington Savings Fund Society FSB grew its position in Popular by 594.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 5,595 shares of the bank's stock worth $526,000 after acquiring an additional 4,789 shares during the last quarter. Finally, Vest Financial LLC grew its position in Popular by 80.5% during the 4th quarter. Vest Financial LLC now owns 26,735 shares of the bank's stock worth $2,515,000 after acquiring an additional 11,927 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on BPOP shares. Keefe, Bruyette & Woods increased their price target on Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. StockNews.com upgraded Popular from a "hold" rating to a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Barclays increased their price objective on Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Popular has a consensus rating of "Moderate Buy" and an average target price of $112.25.

Popular Trading Down 0.9 %

BPOP stock traded down $1.01 during mid-day trading on Wednesday, hitting $105.32. 428,394 shares of the company were exchanged, compared to its average volume of 459,289. The business has a 50 day simple moving average of $98.03 and a 200-day simple moving average of $97.55. The stock has a market capitalization of $7.51 billion, a PE ratio of 12.30, a price-to-earnings-growth 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 $106.81.

Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings results 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 net margin of 14.15% and a return on equity of 11.89%. Equities research analysts expect that Popular, Inc. will post 10.06 earnings per share for the current year.

Insider Buying and Selling at Popular

In other Popular news, EVP Gilberto Monzon sold 9,600 shares of the business's stock in a transaction on Thursday, February 6th. The shares were 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 approximately $4,017,666.90. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eduardo J. Negron sold 10,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $104.02, for a total transaction of $1,040,200.00. Following the sale, the executive vice president now directly owns 32,866 shares in the company, valued at approximately $3,418,721.32. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.13% of the company's stock.

Popular 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.