Weekly Analysts’ Ratings Updates for Popular (BPOP)

A number of firms have modified their ratings and price targets on shares of Popular (NASDAQ: BPOP) recently:

• 1/30/2025 – Popular had its price target raised by analysts at Wells Fargo & Company from $105.00 to $110.00. They now have an “equal weight” rating on the stock.
• 1/29/2025 – Popular had its price target raised by analysts at Royal Bank of Canada from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 1/29/2025 – Popular had its price target raised by analysts at Keefe, Bruyette & Woods from $116.00 to $129.00. They now have an “outperform” rating on the stock.
• 1/29/2025 – Popular was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/20/2024 – Popular had its price target raised by analysts at Barclays PLC from $110.00 to $115.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – Popular is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $104.00 price target on the stock.
• 12/5/2024 – Popular had its price target raised by analysts at Barclays PLC from $104.00 to $110.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – Popular had its price target raised by analysts at Keefe, Bruyette & Woods from $103.00 to $116.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – Popular had its price target raised by analysts at Wells Fargo & Company from $90.00 to $105.00. They now have an “equal weight” rating on the stock.

Popular Trading Down 0.2 %

BPOP stock opened at $103.49 on Friday. The firm has a 50 day moving average of $97.17 and a 200-day moving average of $97.39. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.65 and a beta of 0.81. Popular, Inc. has a 12-month low of $80.60 and a 12-month high of $106.46.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data 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 return on equity of 11.35% and a net margin of 12.36%. Sell-side analysts forecast that Popular, Inc. will post 8.41 earnings per share for the current fiscal year.

Popular Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. This is a boost from Popular’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, December 6th. Popular’s dividend payout ratio is presently 38.04%.

Insider Buying and Selling at Popular

In other news, EVP Beatriz Castellvi sold 3,500 shares of the company’s 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 sale, the executive vice president now directly owns 25,115 shares in the company, valued at $2,490,403.40. This represents a 12.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Adorno Denissa Rodriguez sold 1,825 shares of Popular 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 owns 3,332 shares of the company’s stock, valued at approximately $325,569.72. This represents a 35.39 % decrease in their position. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.

Institutional Trading of Popular

Several hedge funds and other institutional investors have recently bought and sold shares of BPOP. State Street Corp boosted its holdings in shares of Popular by 0.5% during the third quarter. State Street Corp now owns 2,056,377 shares of the bank’s stock worth $207,475,000 after purchasing an additional 10,599 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Popular by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock worth $105,769,000 after buying an additional 71,782 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Popular by 8.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 902,931 shares of the bank’s stock worth $90,537,000 after buying an additional 67,620 shares during the last quarter. Verition Fund Management LLC grew its holdings in Popular by 3.7% in the 3rd quarter. Verition Fund Management LLC now owns 629,537 shares of the bank’s stock valued at $63,124,000 after buying an additional 22,355 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Popular by 18.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 548,057 shares of the bank’s stock valued at $54,954,000 after acquiring an additional 84,839 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

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.