Popular (NASDAQ:BPOP) EVP Sells $523,500.00 in Stock

Popular, Inc. (NASDAQ:BPOP) EVP Lidio Soriano sold 3,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $174.50, for a total value of $523,500.00. Following the completion of the sale, the executive vice president owned 107,320 shares in the company, valued at approximately $18,727,340. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Popular Price Performance

BPOP stock opened at $177.03 on Friday. Popular, Inc. has a one year low of $108.74 and a one year high of $179.00. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61. The company has a fifty day moving average price of $167.99 and a two-hundred day moving average price of $150.87.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.63. The company had revenue of $846.92 million for the quarter, compared to analyst estimates of $878.41 million. Popular had a net margin of 21.37% and a return on equity of 15.47%. During the same period in the prior year, the firm earned $3.09 earnings per share. Research analysts anticipate that Popular, Inc. will post 15.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BPOP. Weiss Ratings reissued a “buy (a-)” rating on shares of Popular in a report on Friday, July 31st. Wells Fargo & Company upped their target price on Popular from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada increased their target price on Popular from $163.00 to $181.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Benchmark lifted their price target on Popular from $201.00 to $214.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Citigroup lifted their price target on Popular from $178.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Popular currently has an average rating of “Buy” and a consensus price target of $186.92.

Hedge Funds Weigh In On Popular

Hedge funds have recently bought and sold shares of the business. Acumen Wealth Advisors LLC bought a new stake in Popular in the 4th quarter valued at about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Popular during the fourth quarter worth approximately $28,000. Parallel Advisors LLC increased its holdings in shares of Popular by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 246 shares of the bank’s stock worth $31,000 after purchasing an additional 102 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Popular in the third quarter valued at approximately $31,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Popular in the fourth quarter valued at approximately $50,000. 87.27% of the stock is owned by institutional investors.

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.