Popular (NASDAQ:BPOP – Free Report) had its price objective hoisted by Truist Financial from $192.00 to $197.00 in a research note released on Friday,Benzinga reports. Truist Financial currently has a buy rating on the bank’s stock.
A number of other research analysts have also commented on the company. Wells Fargo & Company increased their price objective on Popular from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Weiss Ratings upgraded Popular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Barclays upped their target price on Popular from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group increased their price target on Popular from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $198.00 price target (up from $190.00) on shares of Popular in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $184.42.
Get Our Latest Analysis on BPOP
Popular Stock Performance
Popular (NASDAQ:BPOP – Get Free Report) last posted its earnings results on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.63. Popular had a return on equity of 15.47% and a net margin of 21.37%.The company had revenue of $846.92 million for the quarter, compared to analyst estimates of $878.41 million. During the same period last year, the company earned $3.09 earnings per share. As a group, analysts forecast that Popular will post 15.2 EPS for the current fiscal year.
Popular Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, May 29th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Popular’s payout ratio is 20.27%.
Insider Activity
In related news, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $148.51, for a total value of $920,762.00. Following the completion of the transaction, the executive vice president owned 11,255 shares of the company’s stock, valued at $1,671,480.05. This represents a 35.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alejandro M. Ballester sold 23,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $150.00, for a total transaction of $3,450,000.00. Following the transaction, the director owned 34,588 shares of the company’s stock, valued at approximately $5,188,200. This represents a 39.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,500 shares of company stock worth $4,415,870. Corporate insiders own 2.13% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in shares of Popular by 30.5% in the 1st quarter. Parallel Advisors LLC now owns 321 shares of the bank’s stock worth $43,000 after purchasing an additional 75 shares during the last quarter. Xponance LLC boosted its position in Popular by 2.1% in the fourth quarter. Xponance LLC now owns 3,892 shares of the bank’s stock valued at $485,000 after buying an additional 80 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Popular by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 7,262 shares of the bank’s stock valued at $974,000 after buying an additional 84 shares in the last quarter. Severin Investments LLC grew its stake in Popular by 1.9% during the first quarter. Severin Investments LLC now owns 4,799 shares of the bank’s stock worth $644,000 after buying an additional 91 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Popular by 1.7% during the first quarter. Sequoia Financial Advisors LLC now owns 5,693 shares of the bank’s stock worth $764,000 after buying an additional 95 shares during the last quarter. 87.27% of the stock is owned by institutional investors.
Popular News Roundup
Here are the key news stories impacting Popular this week:
- Positive Sentiment: Popular beat Q2 EPS estimates, with stronger net interest income, fee income, and loan/deposit growth, while lower expenses supported profitability; management also planned a 20% dividend increase. Popular Q2 Earnings Beat on NII & Fee Income, Dividend Hike Planned
- Positive Sentiment: Several brokerages raised price targets after the earnings release, including Benchmark to $214, KBW to $207, and Truist to $197, signaling upgraded confidence in the bank’s outlook.
- Positive Sentiment: Other post-earnings coverage highlighted robust operating momentum and strong financial performance, reinforcing the view that Popular’s core banking trends remain healthy. Popular Inc (BPOP) Q2 2026 Earnings Call Highlights
- Neutral Sentiment: One article noted the stock looks reasonable on earnings but stretched on returns, suggesting the valuation is not cheap despite the improved fundamentals. Popular (BPOP) Stock Looks Reasonable On Earnings But Stretched On Returns
- Neutral Sentiment: The company also announced capital actions and a leadership transition, including CEO retirement plans, which investors may view as a longer-term governance update rather than an immediate earnings driver. Popular unveils capital plan and leadership transition
About Popular
Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.
The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.
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