Equities research analysts at Citigroup began coverage on shares of Popular (NASDAQ:BPOP) in a research report issued to clients and investors on Thursday, December 21st, Marketbeat reports. The brokerage set a “buy” rating and a $47.00 price target on the bank’s stock. Citigroup’s price target would suggest a potential upside of 21.67% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Barclays increased their price target on shares of Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. BTIG Research raised shares of Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods upgraded shares of Popular from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. Finally, Morgan Stanley upped their price objective on shares of Popular from $40.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.93.
Popular (NASDAQ:BPOP) opened at $38.63 on Thursday. The company has a market cap of $3,941.26, a PE ratio of 13.41 and a beta of 1.31. Popular has a one year low of $32.04 and a one year high of $45.96.
Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.76). The firm had revenue of $478.50 million for the quarter, compared to the consensus estimate of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. equities analysts predict that Popular will post 2.45 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of Popular by 2.8% during the second quarter. M&T Bank Corp now owns 5,777 shares of the bank’s stock valued at $241,000 after buying an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Popular by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock worth $124,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Popular by 12.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the bank’s stock worth $162,000 after purchasing an additional 423 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in Popular by 2.6% in the second quarter. Suntrust Banks Inc. now owns 17,413 shares of the bank’s stock worth $726,000 after purchasing an additional 448 shares during the last quarter. Finally, Cipher Capital LP boosted its holdings in Popular by 1.5% in the second quarter. Cipher Capital LP now owns 89,761 shares of the bank’s stock worth $3,744,000 after purchasing an additional 1,353 shares during the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.
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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.
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