Vest Financial LLC Purchases 11,753 Shares of Popular, Inc. $BPOP

Vest Financial LLC purchased a new position in Popular, Inc. (NASDAQ:BPOP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,753 shares of the bank’s stock, valued at approximately $1,827,000.

Other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC bought a new position in Popular during the third quarter valued at $361,000. Crossmark Global Holdings Inc. raised its stake in shares of Popular by 1.3% in the third quarter. Crossmark Global Holdings Inc. now owns 161,228 shares of the bank’s stock valued at $25,063,000 after acquiring an additional 1,999 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Popular by 102.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the bank’s stock valued at $290,000 after acquiring an additional 937 shares during the period. USA Financial Formulas bought a new stake in shares of Popular in the 3rd quarter worth about $184,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Popular in the 3rd quarter worth about $233,000. 87.27% of the stock is currently owned by institutional investors.

Insider Transactions at Popular

In related news, Director Maria Ferre sold 3,385 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $175.42, for a total value of $593,796.70. Following the transaction, the director owned 10,156 shares of the company’s stock, valued at $1,781,565.52. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Luis Cestero sold 8,500 shares of Popular stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $176.36, for a total transaction of $1,499,060.00. Following the sale, the executive vice president owned 16,013 shares of the company’s stock, valued at $2,824,052.68. The trade was a 34.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 53,561 shares of company stock valued at $9,392,259. Company insiders own 2.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Popular from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. Citigroup reduced their price objective on shares of Popular from $200.00 to $192.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Benchmark increased their price objective on shares of Popular from $214.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Truist Financial raised their price objective on shares of Popular from $192.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Piper Sandler restated an “overweight” rating and set a $198.00 target price (up from $190.00) on shares of Popular in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $187.42.

Popular News Roundup

Here are the key news stories impacting Popular this week:

• Positive Sentiment: Popular reported third-quarter EPS of $4.21, above analyst expectations of roughly $3.97–$3.98 and well ahead of $3.14 a year earlier. The bank also delivered a 21.37% net margin and 15.34% return on equity. Popular Q3 earnings report
• Positive Sentiment: Management highlighted stable credit performance and deposit growth led by key business segments, helping offset concerns about the quarter’s top-line results. BPOP Q3 financial deep dive
• Positive Sentiment: The board maintained Popular’s quarterly cash dividend at $0.90 per share, payable January 4, 2027, to shareholders of record November 13. The unchanged payout signals continued confidence in capital returns. Popular dividend announcement
• Negative Sentiment: Quarterly revenue of approximately $874.6 million fell short of the roughly $904 million consensus estimate; another report cited revenue of $816 million, reflecting differences in reporting measures. The revenue shortfall limits the impact of the EPS beat. Popular earnings report and conference call
• Negative Sentiment: Investors are scrutinizing Popular’s third-quarter results and credit trends because of its significant Puerto Rico banking exposure, increasing uncertainty around the sustainability of earnings and asset quality. Popular stock faces Puerto Rico scrutiny

Popular Stock Up 1.0%

BPOP opened at $159.24 on Friday. The business has a fifty day moving average of $163.14 and a 200 day moving average of $160.38. The stock has a market cap of $10.16 billion, a P/E ratio of 10.03, a PEG ratio of 0.59 and a beta of 0.63. Popular, Inc. has a 52-week low of $108.74 and a 52-week high of $179.24.

Popular (NASDAQ:BPOP) last released its earnings results on Thursday, October 22nd. The bank reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.26. Popular had a return on equity of 16.08% and a net margin of 22.36%. The business had revenue of $874.59 million for the quarter, compared to analyst estimates of $904.43 million. During the same quarter last year, the firm posted $3.14 earnings per share. Equities analysts anticipate that Popular, Inc. will post 15.70 EPS for the current fiscal year.

Popular Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a $0.90 dividend. The ex-dividend date was Thursday, September 10th. This is a boost from Popular’s previous quarterly dividend of $0.75. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.3%. Popular’s dividend payout ratio (DPR) is currently 22.68%.

About Popular

Popular, Inc (NASDAQ: BPOP) is a financial services company headquartered in San Juan, Puerto Rico. Its principal subsidiary, Banco Popular de Puerto Rico, provides banking services to individuals, businesses and institutions, including deposit accounts, consumer and commercial loans, residential mortgages, credit cards and electronic banking services.

The company also offers investment, brokerage, insurance and wealth management services through specialized subsidiaries and affiliated businesses.