Shares of Popular, Inc. (NASDAQ:BPOP – Get Free Report) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $99.89.
Several brokerages have recently commented on BPOP. UBS Group boosted their price objective on Popular from $84.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Royal Bank of Canada upped their price objective on shares of Popular from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Piper Sandler boosted their target price on shares of Popular from $96.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. StockNews.com raised Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Barclays raised their price objective on Popular from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th.
View Our Latest Analysis on Popular
Insider Buying and Selling
Institutional Trading of Popular
Hedge funds have recently bought and sold shares of the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of Popular during the 4th quarter worth approximately $44,000. Principal Securities Inc. purchased a new stake in shares of Popular during the 4th quarter valued at about $83,000. GAMMA Investing LLC bought a new position in shares of Popular in the 4th quarter valued at about $90,000. Assetmark Inc. lifted its holdings in shares of Popular by 55.4% in the 3rd quarter. Assetmark Inc. now owns 1,420 shares of the bank’s stock valued at $89,000 after acquiring an additional 506 shares during the last quarter. Finally, Clear Street Markets LLC purchased a new position in Popular in the fourth quarter worth about $139,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.
Popular Trading Up 2.2 %
BPOP stock opened at $86.90 on Friday. The firm has a 50 day moving average of $84.69 and a 200-day moving average of $79.63. The firm has a market capitalization of $6.28 billion, a P/E ratio of 12.89 and a beta of 0.82. Popular has a 12 month low of $52.32 and a 12 month high of $89.70.
Popular Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.85%. Popular’s payout ratio is 36.80%.
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.
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