Popular (NASDAQ:BPOP) Stock Rating Upgraded by StockNews.com

Popular (NASDAQ:BPOPGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Separately, Piper Sandler decreased their price target on shares of Popular to $100.00 in a research note on Monday, July 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Popular currently has a consensus rating of “Buy” and a consensus price target of $109.60.

Popular Price Performance

Shares of BPOP opened at $76.13 on Thursday. The company has a market capitalization of $5.82 billion, a P/E ratio of 6.84 and a beta of 0.91. Popular has a 1-year low of $70.00 and a 1-year high of $99.49. The firm’s 50 day simple moving average is $78.31 and its 200 day simple moving average is $82.19.

Popular (NASDAQ:BPOPGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The bank reported $2.77 EPS for the quarter, topping the consensus estimate of $2.52 by $0.25. The firm had revenue of $681.90 million for the quarter, compared to the consensus estimate of $656.27 million. Popular had a net margin of 31.09% and a return on equity of 15.87%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. On average, equities analysts anticipate that Popular will post 10.68 earnings per share for the current year.

Insider Buying and Selling

In related news, Director C Kim Goodwin sold 8,154 shares of Popular stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $80.05, for a total value of $652,727.70. Following the transaction, the director now directly owns 39,275 shares of the company’s stock, valued at $3,143,963.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director C Kim Goodwin sold 8,154 shares of Popular stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $80.05, for a total value of $652,727.70. Following the sale, the director now owns 39,275 shares in the company, valued at $3,143,963.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz Castellvi sold 2,000 shares of Popular stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $80.08, for a total transaction of $160,160.00. Following the completion of the sale, the executive vice president now owns 19,372 shares in the company, valued at approximately $1,551,309.76. The disclosure for this sale can be found here. 1.88% of the stock is owned by insiders.

Institutional Trading of Popular

Large investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC boosted its holdings in shares of Popular by 5.9% during the 1st quarter. Yousif Capital Management LLC now owns 2,856 shares of the bank’s stock valued at $233,000 after buying an additional 160 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Popular by 6.4% during the 1st quarter. Arkadios Wealth Advisors now owns 2,719 shares of the bank’s stock valued at $222,000 after buying an additional 163 shares in the last quarter. CWM LLC boosted its holdings in shares of Popular by 102.2% during the 2nd quarter. CWM LLC now owns 362 shares of the bank’s stock valued at $28,000 after buying an additional 183 shares in the last quarter. Atria Investments LLC boosted its holdings in shares of Popular by 1.8% during the 1st quarter. Atria Investments LLC now owns 13,185 shares of the bank’s stock valued at $1,078,000 after buying an additional 228 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Popular by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 4,333 shares of the bank’s stock valued at $354,000 after buying an additional 239 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Popular Company Profile

(Get Rating)

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and 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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