Beatriz Castellvi Sells 3,500 Shares of Popular, Inc. (NASDAQ:BPOP) Stock

Popular, Inc. (NASDAQ:BPOP) EVP Beatriz Castellvi sold 3,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total value of $347,060.00. Following the sale, the executive vice president now owns 25,115 shares of the company’s stock, valued at $2,490,403.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Popular Price Performance

Shares of BPOP opened at $94.33 on Friday. The firm has a market cap of $6.82 billion, a PE ratio of 12.82, a PEG ratio of 0.78 and a beta of 0.79. Popular, Inc. has a 1 year low of $66.72 and a 1 year high of $105.01. The stock’s fifty day moving average price is $96.78 and its two-hundred day moving average price is $93.70.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.16 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.17). The business had revenue of $736.56 million for the quarter, compared to analysts’ expectations of $766.62 million. Popular had a net margin of 12.36% and a return on equity of 11.65%. Popular’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Sell-side analysts anticipate that Popular, Inc. will post 8.46 earnings per share for the current fiscal year.

Popular Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.63%. Popular’s payout ratio is 33.70%.

Hedge Funds Weigh In On Popular

Large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in Popular by 3.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,087 shares of the bank’s stock worth $361,000 after purchasing an additional 118 shares in the last quarter. Assetmark Inc. boosted its position in shares of Popular by 4.0% in the third quarter. Assetmark Inc. now owns 3,749 shares of the bank’s stock valued at $376,000 after acquiring an additional 143 shares during the period. Pathstone Holdings LLC grew its stake in Popular by 0.8% during the third quarter. Pathstone Holdings LLC now owns 19,690 shares of the bank’s stock valued at $1,974,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC increased its holdings in Popular by 16.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,259 shares of the bank’s stock worth $111,000 after acquiring an additional 181 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Popular by 7.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,040 shares of the bank’s stock worth $268,000 after purchasing an additional 208 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

BPOP has been the subject of several recent analyst reports. Barclays reduced their target price on shares of Popular from $117.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Piper Sandler decreased their price objective on shares of Popular from $112.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company cut their target price on Popular from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Hovde Group lifted their price target on Popular from $113.00 to $123.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their price objective on Popular from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

About Popular

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the 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.