Popular Inc. (BPOP) Hits New 12-Month High at $38.13
Shares of Popular Inc. (NASDAQ:BPOP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.13 and last traded at $37.83, with a volume of 210,150 shares changing hands. The stock had previously closed at $37.89.
A number of analysts have issued reports on the company. Zacks Investment Research raised Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Barclays PLC boosted their price target on shares of Popular from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 28th. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Compass Point restated a “buy” rating and issued a $35.00 price target (up previously from $32.00) on shares of Popular in a research note on Thursday, April 28th. Finally, BTIG Research restated a “buy” rating and issued a $41.00 price target on shares of Popular in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Popular currently has an average rating of “Hold” and an average price target of $35.43.
The stock has a market capitalization of $3.93 billion and a PE ratio of 9.92. The company has a 50-day moving average price of $33.10 and a 200 day moving average price of $29.59.
Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, July 26th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. During the same quarter last year, the business posted $5.79 EPS. Analysts expect that Popular Inc. will post $3.41 EPS for the current year.
In related news, VP Jorge J. Garcia sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $31.40, for a total transaction of $109,900.00. Following the sale, the vice president now owns 13,429 shares in the company, valued at $421,670.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other institutional investors recently bought and sold shares of the company. Airain ltd increased its position 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 in the last quarter. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Popular during the fourth quarter worth $2,408,000.
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.