Other analysts have also recently issued research reports about the company. Barclays reiterated a “buy” rating and set a $59.00 price objective on shares of Popular in a research report on Friday, January 11th. Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 29th. Finally, BTIG Research lifted their price objective on Popular to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.71.
Shares of BPOP stock opened at $58.54 on Tuesday. Popular has a fifty-two week low of $44.22 and a fifty-two week high of $58.99. The firm has a market capitalization of $5.60 billion, a PE ratio of 12.27 and a beta of 1.20.
Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.24. The firm had revenue of $607.39 million during the quarter, compared to analysts’ expectations of $603.70 million. Popular had a return on equity of 10.64% and a net margin of 24.69%. During the same quarter last year, the business posted $0.89 EPS. As a group, sell-side analysts forecast that Popular will post 6.59 EPS for the current year.
In related news, insider Gilberto Monzon sold 4,000 shares of Popular stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $54.13, for a total transaction of $216,520.00. Following the completion of the sale, the insider now owns 38,588 shares in the company, valued at approximately $2,088,768.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Luisa Ferre sold 3,046 shares of Popular stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $56.43, for a total value of $171,885.78. Following the sale, the director now owns 34,224 shares of the company’s stock, valued at approximately $1,931,260.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,046 shares of company stock valued at $610,326. 1.33% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Nkcfo LLC purchased a new stake in Popular in the 4th quarter valued at about $28,000. Captrust Financial Advisors purchased a new stake in Popular in the 4th quarter valued at about $30,000. First Hawaiian Bank grew its holdings in Popular by 167.5% in the 4th quarter. First Hawaiian Bank now owns 1,030 shares of the bank’s stock valued at $49,000 after buying an additional 645 shares during the period. AdvisorNet Financial Inc purchased a new stake in Popular in the 4th quarter valued at about $52,000. Finally, Toronto Dominion Bank purchased a new stake in Popular in the 4th quarter valued at about $71,000. Institutional investors own 90.42% of the company’s stock.
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
See Also: Return on Equity (ROE)
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