28,600 Shares in Popular, Inc. $BPOP Acquired by JCSD Capital LLC

JCSD Capital LLC purchased a new position in Popular, Inc. (NASDAQ:BPOP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 28,600 shares of the bank’s stock, valued at approximately $3,152,000. Popular comprises approximately 4.2% of JCSD Capital LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other large investors have also made changes to their positions in BPOP. Venturi Wealth Management LLC boosted its position in shares of Popular by 4.2% in the 1st quarter. Venturi Wealth Management LLC now owns 2,847 shares of the bank’s stock worth $263,000 after purchasing an additional 116 shares in the last quarter. Forum Financial Management LP boosted its holdings in Popular by 6.2% in the second quarter. Forum Financial Management LP now owns 2,671 shares of the bank’s stock worth $294,000 after acquiring an additional 157 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Popular by 3.0% during the second quarter. Sequoia Financial Advisors LLC now owns 5,376 shares of the bank’s stock worth $592,000 after acquiring an additional 158 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Popular by 0.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 62,660 shares of the bank’s stock worth $5,788,000 after acquiring an additional 185 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Popular by 3.4% in the 1st quarter. GSA Capital Partners LLP now owns 5,875 shares of the bank’s stock valued at $543,000 after purchasing an additional 191 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BPOP. Barclays reissued an “overweight” rating on shares of Popular in a research report on Wednesday, October 8th. UBS Group dropped their price target on Popular from $135.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Keefe, Bruyette & Woods raised their price objective on Popular from $125.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Citigroup increased their price target on shares of Popular from $133.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Hovde Group restated an “outperform” rating on shares of Popular in a research note on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.56.

Popular Stock Performance

Shares of NASDAQ BPOP opened at $114.54 on Friday. Popular, Inc. has a one year low of $78.23 and a one year high of $129.32. The firm has a fifty day moving average of $121.23 and a 200 day moving average of $113.36. The firm has a market cap of $7.74 billion, a PE ratio of 10.14, a PEG ratio of 0.47 and a beta of 0.72.

Popular (NASDAQ:BPOP) last released its earnings results on Thursday, October 23rd. The bank reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.10. The business had revenue of $817.70 million during the quarter, compared to analyst estimates of $803.95 million. Popular had a net margin of 17.63% and a return on equity of 13.46%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 earnings per share. On average, equities analysts predict that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The business also recently disclosed a sep 25 dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.1328 per share. Popular’s payout ratio is 26.55%.

Insider Activity at Popular

In other news, EVP Gilberto Monzon sold 18,001 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $124.47, for a total transaction of $2,240,584.47. Following the transaction, the executive vice president owned 24,773 shares of the company’s stock, valued at approximately $3,083,495.31. The trade was a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.09% of the stock is currently owned by corporate insiders.

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.