Popular, Inc. (NASDAQ:BPOP) EVP Gilberto Monzon Sells 5,000 Shares

Popular, Inc. (NASDAQ:BPOPGet Free Report) EVP Gilberto Monzon sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $85.80, for a total value of $429,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,320 shares of the company’s stock, valued at $4,145,856. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Popular Stock Performance

NASDAQ BPOP traded up $0.03 during trading hours on Friday, hitting $85.95. 35,611 shares of the company traded hands, compared to its average volume of 397,448. The business’s 50-day moving average is $87.36 and its 200-day moving average is $83.68. Popular, Inc. has a twelve month low of $58.00 and a twelve month high of $93.09. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.81 and a beta of 0.79.

Popular (NASDAQ:BPOPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.09). The business had revenue of $714.56 million during the quarter, compared to the consensus estimate of $706.00 million. Popular had a net margin of 11.95% and a return on equity of 11.67%. Analysts predict that Popular, Inc. will post 8.31 EPS for the current year.

Popular Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 30th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.48 annualized dividend and a yield of 2.89%. Popular’s dividend payout ratio is 36.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Hovde Group boosted their target price on Popular from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $110.00 price objective (up from $103.00) on shares of Popular in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price objective on Popular from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Citigroup upped their price objective on Popular from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com raised Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Popular presently has an average rating of “Moderate Buy” and an average target price of $99.89.

Get Our Latest Analysis on Popular

Institutional Trading of Popular

Several institutional investors and hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its stake in Popular by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 30,898 shares of the bank’s stock valued at $1,947,000 after buying an additional 150 shares during the period. Wedmont Private Capital raised its stake in Popular by 6.7% in the first quarter. Wedmont Private Capital now owns 2,729 shares of the bank’s stock valued at $237,000 after buying an additional 171 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Popular by 7.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,040 shares of the bank’s stock valued at $268,000 after buying an additional 208 shares during the period. Rock Point Advisors LLC raised its stake in Popular by 1.1% in the third quarter. Rock Point Advisors LLC now owns 31,792 shares of the bank’s stock valued at $2,003,000 after buying an additional 345 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Popular by 0.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,543 shares of the bank’s stock valued at $7,091,000 after buying an additional 367 shares during the period. Institutional investors own 87.27% of the company’s stock.

Popular Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Popular (NASDAQ:BPOP)

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