Keefe, Bruyette & Woods Reiterates “$49.00” Price Target for Popular (BPOP)

Keefe, Bruyette & Woods set a $49.00 price target on Popular (NASDAQ:BPOP) in a report released on Thursday. The brokerage currently has a buy rating on the bank’s stock.

Several other research firms have also recently commented on BPOP. Barclays increased their price objective on Popular from $44.00 to $45.00 and gave the company an overweight rating in a research report on Wednesday, November 1st. ValuEngine raised Popular from a hold rating to a buy rating in a research report on Friday, December 1st. Citigroup increased their price objective on Popular from $47.00 to $50.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective on Popular from $40.00 to $41.00 and gave the company an equal weight rating in a research report on Wednesday, December 13th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $50.50 price objective on shares of Popular in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Popular presently has a consensus rating of Buy and a consensus price target of $47.56.

Shares of Popular (BPOP) opened at $42.58 on Thursday. Popular has a 12-month low of $32.04 and a 12-month high of $46.83. The company has a market capitalization of $4,346.10, a price-to-earnings ratio of 15.95 and a beta of 1.19.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.43 by $0.22. Popular had a return on equity of 5.25% and a net margin of 4.89%. The company had revenue of $473.35 million for the quarter. analysts predict that Popular will post 3.74 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Thomas J. Herzfeld Advisors Inc. lifted its holdings in Popular by 10.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 67,400 shares of the bank’s stock valued at $2,392,000 after acquiring an additional 6,500 shares during the period. Jane Street Group LLC lifted its holdings in Popular by 19.3% in the fourth quarter. Jane Street Group LLC now owns 24,711 shares of the bank’s stock valued at $877,000 after acquiring an additional 3,999 shares during the period. Philadelphia Financial Management of San Francisco LLC lifted its holdings in Popular by 50.5% in the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 883,268 shares of the bank’s stock valued at $31,347,000 after acquiring an additional 296,570 shares during the period. Flinton Capital Management LLC lifted its holdings in Popular by 243.5% in the fourth quarter. Flinton Capital Management LLC now owns 132,430 shares of the bank’s stock valued at $4,700,000 after acquiring an additional 93,874 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in Popular by 243.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 62,320 shares of the bank’s stock valued at $2,212,000 after acquiring an additional 44,176 shares during the period. 90.77% of the stock is currently 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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