Adorno Denissa Rodriguez Sells 1,000 Shares of Popular (NASDAQ:BPOP) Stock

Popular, Inc. (NASDAQ:BPOP) VP Adorno Denissa Rodriguez sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $114.84, for a total transaction of $114,840.00. Following the completion of the sale, the vice president directly owned 2,604 shares of the company’s stock, valued at approximately $299,043.36. This represents a 27.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Popular Price Performance

Shares of NASDAQ BPOP opened at $114.54 on Thursday. Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $129.32. The stock has a market capitalization of $7.64 billion, a P/E ratio of 10.14, a P/E/G ratio of 0.47 and a beta of 0.72. The company’s 50-day moving average is $118.42 and its 200 day moving average is $115.02.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $3.14 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.10. Popular had a return on equity of 13.46% and a net margin of 17.63%.The business had revenue of $720.83 million for the quarter, compared to analysts’ expectations of $803.95 million. During the same period in the previous year, the firm posted $2.16 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Research analysts anticipate that Popular, Inc. will post 10.06 earnings per share for the current year.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 5th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 5th. Popular’s dividend payout ratio is presently 26.55%.

Institutional Trading of Popular

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Popular in the third quarter worth approximately $31,000. Steph & Co. bought a new stake in shares of Popular during the second quarter valued at approximately $39,000. Allworth Financial LP raised its holdings in Popular by 2,158.8% in the 2nd quarter. Allworth Financial LP now owns 384 shares of the bank’s stock worth $42,000 after acquiring an additional 367 shares during the last quarter. True Wealth Design LLC lifted its position in Popular by 262.9% in the 3rd quarter. True Wealth Design LLC now owns 352 shares of the bank’s stock valued at $45,000 after acquiring an additional 255 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Popular by 112.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 418 shares of the bank’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on BPOP. UBS Group decreased their price objective on Popular from $135.00 to $127.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Zacks Research upgraded shares of Popular from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Wells Fargo & Company lowered their price target on shares of Popular from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Barclays restated an “overweight” rating on shares of Popular in a report on Wednesday, October 8th. Finally, Truist Financial initiated coverage on shares of Popular in a report on Thursday, October 9th. They set a “buy” rating and a $153.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $133.56.

Popular Company Profile

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.