Popular Inc. (BPOP) Reaches New 1-Year High at $37.09
Shares of Popular Inc. (NASDAQ:BPOP) reached a new 52-week high on Tuesday . The stock traded as high as $37.09 and last traded at $36.98, with a volume of 413,969 shares changing hands. The stock had previously closed at $36.93.
Several research firms recently weighed in on BPOP. Barclays PLC lifted their price target on shares of Popular from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Compass Point restated a “buy” rating and set a $35.00 target price (up previously from $32.00) on shares of Popular in a report on Thursday, April 28th. Zacks Investment Research upgraded shares of Popular from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, BTIG Research restated a “buy” rating and set a $41.00 target price on shares of Popular in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $35.43.
The company has a market capitalization of $3.84 billion and a PE ratio of 9.70. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $28.82.
Popular (NASDAQ:BPOP) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.04. During the same period in the previous year, the business posted $5.79 EPS. On average, equities research analysts expect that Popular Inc. will post $3.43 earnings per share for the current year.
In related news, EVP Gilberto Monzon sold 4,000 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $29.62, for a total transaction of $118,480.00. Following the sale, the executive vice president now owns 37,595 shares in the company, valued at approximately $1,113,563.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Guerrero sold 3,962 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $30.92, for a total value of $122,505.04. Following the sale, the executive vice president now owns 49,344 shares in the company, valued at approximately $1,525,716.48. The disclosure for this sale can be found here.
Other hedge funds have added to or reduced their stakes in the company. Argent Capital Management LLC raised its stake in Popular by 30.3% in the fourth quarter. Argent Capital Management LLC now owns 55,925 shares of the company’s stock worth $1,585,000 after buying an additional 13,000 shares during the last quarter. Airain ltd raised its stake in Popular by 3.8% in the fourth quarter. Airain ltd now owns 65,326 shares of the company’s stock worth $1,851,000 after buying an additional 2,365 shares during the last quarter. Marshall Wace LLP acquired a new stake in Popular during the fourth quarter worth $2,408,000. Dimensional Fund Advisors LP raised its stake in Popular by 50.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,362,880 shares of the company’s stock worth $66,965,000 after buying an additional 797,142 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Popular by 2.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,873,665 shares of the company’s stock worth $194,800,000 after buying an additional 140,308 shares during the last quarter.
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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