Popular (NASDAQ:BPOP) Price Target Raised to $164.00 at Truist Financial

Popular (NASDAQ:BPOP) had its price objective boosted by Truist Financial from $153.00 to $164.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

A number of other equities analysts have also issued reports on BPOP. Barclays upped their target price on shares of Popular from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their price objective on Popular from $144.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday. Hovde Group boosted their target price on Popular from $153.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on Popular from $137.00 to $141.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Piper Sandler began coverage on Popular in a research report on Thursday, January 15th. They issued an “overweight” rating and a $152.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.00.

Popular Stock Performance

Popular stock opened at $133.25 on Thursday. The business’s fifty day moving average is $123.28 and its two-hundred day moving average is $120.49. The firm has a market cap of $8.89 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.54 and a beta of 0.63. Popular has a 52 week low of $78.23 and a 52 week high of $134.13.

Popular (NASDAQ:BPOP) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.36. Popular had a return on equity of 13.87% and a net margin of 18.75%.The business had revenue of $815.98 million during the quarter, compared to analysts’ expectations of $811.55 million. During the same period in the previous year, the business posted $2.51 earnings per share. On average, equities research analysts predict that Popular will post 10.06 earnings per share for the current year.

Popular Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 5th. Popular’s payout ratio is presently 26.55%.

Insider Buying and Selling

In other Popular news, Director Richard L. Carrion sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $113.50, for a total value of $2,837,500.00. Following the completion of the sale, the director owned 193,020 shares of the company’s stock, valued at approximately $21,907,770. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Adorno Denissa Rodriguez sold 1,000 shares of Popular stock in a transaction on Friday, November 21st. The stock was sold at an average price of $114.84, for a total transaction of $114,840.00. Following the transaction, the vice president directly owned 2,604 shares in the company, valued at approximately $299,043.36. This represents a 27.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.09% of the company’s stock.

Institutional Trading of Popular

Several hedge funds have recently added to or reduced their stakes in the business. Baron Wealth Management LLC grew its stake in Popular by 2.5% in the third quarter. Baron Wealth Management LLC now owns 3,597 shares of the bank’s stock valued at $457,000 after acquiring an additional 87 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Popular by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 17,000 shares of the bank’s stock valued at $2,171,000 after purchasing an additional 100 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Popular by 1.3% in the 2nd quarter. Nebula Research & Development LLC now owns 9,579 shares of the bank’s stock valued at $1,056,000 after purchasing an additional 119 shares during the period. Greenwich Wealth Management LLC increased its stake in Popular by 0.5% during the 2nd quarter. Greenwich Wealth Management LLC now owns 28,267 shares of the bank’s stock worth $3,115,000 after purchasing an additional 130 shares in the last quarter. Finally, Forum Financial Management LP raised its holdings in Popular by 6.2% during the 2nd quarter. Forum Financial Management LP now owns 2,671 shares of the bank’s stock worth $294,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Key Popular News

Here are the key news stories impacting Popular this week:

• Positive Sentiment: Truist raised its price target on Popular to $164 and reiterated a “buy” rating, implying meaningful upside from current levels. Article Title
• Positive Sentiment: Hovde Group raised its target to $176 and kept an “outperform” rating, signaling another bullish analyst view and additional upside potential from current prices.
• Positive Sentiment: Q4 earnings beat: analysts and media note the EPS beat and higher net interest income, fee growth and rising loan balances as the primary drivers of the outperformance. Zacks: Popular Stock Gains
• Positive Sentiment: Coverage pieces provide deeper context on the beat and outlook — highlighting loan growth, deposit trends and efficiency initiatives that underpin the guidance and margin outlook. Yahoo Finance Deep Dive
• Neutral Sentiment: Company presentation and earnings call materials were posted for Q4 and provide management commentary on strategy, capital return and efficiency targets — useful for modeling forward earnings. Seeking Alpha: Q4 Presentation
• Neutral Sentiment: Other headlines (Investing.com, MSN) recap the EPS beat and market reaction; these summarize the same catalysts rather than adding new drivers. Investing.com: Earnings Recap
• Neutral Sentiment: An unrelated article about DIY solar adoption mentions “popular” trends in Germany but is not company-specific and should not affect BPOP fundamentals. Financial Post: DIY Solar

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.