BidaskClub downgraded shares of Popular (NASDAQ:BPOP) from a buy rating to a hold rating in a research report released on Thursday.

Other analysts have also issued reports about the stock. Citigroup initiated coverage on shares of Popular in a report on Thursday, December 21st. They issued a buy rating and a $47.00 price objective on the stock. Zacks Investment Research upgraded shares of Popular from a hold rating to a buy rating and set a $47.00 price objective on the stock in a report on Wednesday, February 21st. BTIG Research reaffirmed a buy rating and issued a $46.00 target price on shares of Popular in a research report on Wednesday. Sandler O’Neill set a $48.00 target price on Popular and gave the company a buy rating in a research report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods set a $49.00 target price on Popular and gave the company a buy rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $48.06.

Shares of BPOP opened at $44.29 on Thursday. The stock has a market capitalization of $4,525.82, a P/E ratio of 16.59 and a beta of 1.11. Popular has a 12-month low of $32.04 and a 12-month high of $46.83.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.22. The firm had revenue of $473.35 million for the quarter. Popular had a net margin of 4.89% and a return on equity of 5.29%. equities analysts predict that Popular will post 4.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, March 15th. Popular’s dividend payout ratio is currently 37.31%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BPOP. Deutsche Bank AG grew its position in Popular by 1,878.6% in the 4th quarter. Deutsche Bank AG now owns 1,128,779 shares of the bank’s stock valued at $40,055,000 after acquiring an additional 1,071,729 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Popular in the 4th quarter valued at about $16,032,000. Investec Asset Management LTD grew its position in shares of Popular by 9.9% during the fourth quarter. Investec Asset Management LTD now owns 4,001,168 shares of the bank’s stock worth $142,001,000 after buying an additional 361,030 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC grew its position in shares of Popular by 50.5% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 883,268 shares of the bank’s stock worth $31,347,000 after buying an additional 296,570 shares in the last quarter. Finally, Sapience Investments LLC acquired a new position in shares of Popular during the fourth quarter worth about $9,936,000. 91.47% of the stock is owned by institutional investors.

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Popular Company Profile

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.

Analyst Recommendations for Popular (NASDAQ:BPOP)

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