Popular (BPOP) Projected to Post Earnings on Wednesday

Popular (NASDAQ:BPOP) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $2.27 per share and revenue of $760.45 million for the quarter.

Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. On average, analysts expect Popular to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Popular Trading Up 0.3 %

Shares of Popular stock opened at $86.08 on Tuesday. The firm has a fifty day simple moving average of $91.95 and a 200-day simple moving average of $95.31. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.75 and a beta of 0.62. Popular has a 1-year low of $78.23 and a 1-year high of $106.81.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Popular’s dividend payout ratio (DPR) is 32.71%.

Insider Activity at Popular

In other news, EVP Eduardo J. Negron sold 10,000 shares of Popular stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the transaction, the executive vice president now owns 32,866 shares in the company, valued at approximately $3,418,721.32. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gilberto Monzon sold 9,600 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the sale, the executive vice president now owns 39,170 shares in the company, valued at approximately $4,017,666.90. This trade represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Popular from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised shares of Popular from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $110.00 to $100.00 in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price target on shares of Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Popular from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Popular currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.57.

About Popular

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.