Captrust Financial Advisors acquired a new position in Popular Inc (NASDAQ:BPOP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 625 shares of the bank’s stock, valued at approximately $30,000.

Other large investors have also recently made changes to their positions in the company. Nkcfo LLC purchased a new position in shares of Popular in the fourth quarter worth about $28,000. First Hawaiian Bank raised its stake in shares of Popular by 167.5% in the fourth quarter. First Hawaiian Bank now owns 1,030 shares of the bank’s stock worth $49,000 after purchasing an additional 645 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Popular in the fourth quarter worth about $52,000. Toronto Dominion Bank purchased a new position in shares of Popular in the fourth quarter worth about $71,000. Finally, Enlightenment Research LLC purchased a new position in shares of Popular in the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 85.80% of the company’s stock.

Shares of BPOP stock opened at $52.31 on Thursday. The company has a market cap of $5.45 billion, a P/E ratio of 11.40 and a beta of 1.18. Popular Inc has a twelve month low of $40.80 and a twelve month high of $58.55.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Wednesday, January 23rd. The bank reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). The company had revenue of $629.39 million for the quarter, compared to analysts’ expectations of $602.90 million. Popular had a net margin of 23.01% and a return on equity of 9.30%. During the same quarter in the prior year, the business posted ($1.01) earnings per share. As a group, equities analysts predict that Popular Inc will post 6.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a dividend of $0.30 per share. This is a boost from Popular’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, March 7th. Popular’s dividend payout ratio (DPR) is currently 25.16%.

In other Popular news, EVP Eli Sepulveda sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $55.60, for a total value of $278,000.00. Following the sale, the executive vice president now directly owns 36,008 shares of the company’s stock, valued at $2,002,044.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maria Luisa Ferre sold 3,046 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $56.43, for a total value of $171,885.78. Following the completion of the sale, the director now directly owns 34,224 shares in the company, valued at $1,931,260.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,046 shares of company stock valued at $888,326. 1.38% of the stock is owned by company insiders.

Several research analysts recently weighed in on BPOP shares. BidaskClub cut Popular from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research cut Popular from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Barclays reiterated a “buy” rating and set a $59.00 price target on shares of Popular in a research report on Friday, January 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $55.63.

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Popular Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.

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Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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