Beatriz Castellvi Sells 2,000 Shares of Popular, Inc. (NASDAQ:BPOP) Stock

Popular, Inc. (NASDAQ:BPOPGet Rating) EVP Beatriz Castellvi sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $80.08, for a total value of $160,160.00. Following the sale, the executive vice president now directly owns 19,372 shares of the company’s stock, valued at approximately $1,551,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:BPOP traded down $0.73 during trading on Thursday, hitting $77.08. 12,779 shares of the company’s stock traded hands, compared to its average volume of 581,332. Popular, Inc. has a 52 week low of $68.31 and a 52 week high of $99.49. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 6.99 and a beta of 0.97. The company has a 50-day moving average price of $81.01 and a 200-day moving average price of $84.23.

Popular (NASDAQ:BPOPGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. Popular had a return on equity of 15.80% and a net margin of 31.84%. During the same period last year, the firm posted $3.12 EPS. Equities analysts forecast that Popular, Inc. will post 10.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 1st. Popular’s dividend payout ratio is presently 19.96%.

Several research firms have recently weighed in on BPOP. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, March 31st. UBS Group increased their price objective on Popular from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 21st. Finally, StockNews.com lowered Popular from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $108.20.

A number of institutional investors have recently made changes to their positions in BPOP. NN Investment Partners Holdings N.V. acquired a new stake in Popular in the 1st quarter valued at approximately $33,000. Denali Advisors LLC increased its position in shares of Popular by 485.0% during the 1st quarter. Denali Advisors LLC now owns 468 shares of the bank’s stock worth $38,000 after purchasing an additional 388 shares during the last quarter. Covestor Ltd acquired a new position in shares of Popular during the 4th quarter worth approximately $53,000. Ensign Peak Advisors Inc acquired a new position in shares of Popular during the 3rd quarter worth approximately $59,000. Finally, Lazard Asset Management LLC increased its position in shares of Popular by 97.3% during the 4th quarter. Lazard Asset Management LLC now owns 738 shares of the bank’s stock worth $60,000 after purchasing an additional 364 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Popular (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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