Popular (NASDAQ:BPOP) Price Target Raised to $197.00 at Truist Financial

Popular (NASDAQ:BPOP) had its price objective upped by Truist Financial from $192.00 to $197.00 in a report released on Friday,Benzinga reports. Truist Financial currently has a buy rating on the bank’s stock.

Several other equities research analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Popular from $178.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Zacks Research downgraded shares of Popular from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings raised shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and set a $198.00 price target (up from $190.00) on shares of Popular in a research report on Friday. Finally, UBS Group lifted their target price on shares of Popular from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $184.42.

Popular Price Performance

Popular stock opened at $171.73 on Friday. The stock’s 50 day moving average is $160.90 and its 200 day moving average is $146.05. Popular has a one year low of $108.74 and a one year high of $175.12. The firm has a market cap of $11.08 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.92 and a beta of 0.61.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $4.35 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.63. Popular had a net margin of 21.37% and a return on equity of 15.47%. The company had revenue of $846.92 million for the quarter, compared to analysts’ expectations of $878.41 million. During the same period in the prior year, the company posted $3.09 EPS. Equities analysts anticipate that Popular will post 15.05 earnings per share for the current fiscal year.

Popular Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, May 29th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 29th. Popular’s payout ratio is 20.27%.

Insider Activity at Popular

In related news, Director Alejandro M. Ballester sold 23,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $150.00, for a total value of $3,450,000.00. Following the completion of the transaction, the director directly owned 34,588 shares of the company’s stock, valued at $5,188,200. This represents a 39.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of Popular stock in a transaction on Friday, May 1st. The shares were sold at an average price of $148.51, for a total value of $920,762.00. Following the transaction, the executive vice president owned 11,255 shares in the company, valued at approximately $1,671,480.05. This trade represents a 35.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,500 shares of company stock worth $4,415,870 in the last 90 days. 2.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Popular

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Popular by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 8,489,936 shares of the bank’s stock worth $1,057,167,000 after buying an additional 37,424 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Popular by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,361,681 shares of the bank’s stock valued at $543,117,000 after acquiring an additional 58,452 shares in the last quarter. AQR Capital Management LLC boosted its stake in Popular by 56.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,962,871 shares of the bank’s stock valued at $376,314,000 after buying an additional 1,065,452 shares in the last quarter. Geode Capital Management LLC raised its position in Popular by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,405,575 shares of the bank’s stock valued at $175,057,000 after purchasing an additional 64,778 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Popular by 9.3% during the fourth quarter. LSV Asset Management now owns 1,043,733 shares of the bank’s stock valued at $129,966,000 after purchasing an additional 88,765 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Trending Headlines about Popular

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

Popular Company Profile

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.