Popular (BPOP) Projected to Post Earnings on Wednesday

Popular (NASDAQ:BPOP) is expected to be issuing its Q1 2025 quarterly 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 quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

BPOP opened at $86.08 on Tuesday. Popular has a fifty-two week low of $78.23 and a fifty-two week high of $106.81. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The firm has a 50 day simple moving average of $91.95 and a 200 day simple moving average of $95.31.

Popular Announces Dividend

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

Insider Buying and Selling at Popular

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

Wall Street Analysts Forecast Growth

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

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.