From what 9 stock analysts predict, the share price for Popular Inc (BPOP) might increase by 9.66% in the next year. This is based on a 12-month average estimation for BPOP. Price targets go from $96 to $112. The majority of stock analysts believe BPOP is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Popular Inc has a total of 9 Wall St Analyst ratings. There are 7 buy ratings, 2 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Popular Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of BPOP.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Gerard Cassidy RBC Capital | Outperform | $96 | Maintains | Oct 24, 2024 |
Timur Braziler Wells Fargo | Equal-Weight | $98 | Maintains | Oct 24, 2024 |
Jared Shaw Barclays | Overweight | $104 | Maintains | Oct 24, 2024 |
Frank Schiraldi Piper Sandler | Overweight | $100 | Maintains | Oct 24, 2024 |
Timur Braziler Wells Fargo | Equal-Weight | $105 | Downgrade | Oct 1, 2024 |
Jared Shaw Barclays | Overweight | $117 | Maintains | Sep 27, 2024 |
Frank Schiraldi Piper Sandler | Overweight | $112 | Assumes | Aug 26, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Outperform | $120 | Reiterates | Jul 25, 2024 |
Jared Shaw Barclays | Overweight | $115 | Maintains | Jul 25, 2024 |
Gerard Cassidy RBC Capital | Outperform | $108 | Maintains | Jul 25, 2024 |
Jared Shaw Barclays | Overweight | $103 | Maintains | Jun 24, 2024 |
Jared Shaw Barclays | Overweight | $105 | Maintains | Apr 25, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Outperform | $110 | Reiterates | Apr 24, 2024 |
Timur Braziler Wells Fargo | Overweight | $115 | Maintains | Apr 24, 2024 |
Alexander Twerdahl Piper Sandler | Overweight | $105 | Maintains | Apr 9, 2024 |
Ben Gerlinger Citigroup | Buy | $107 | Maintains | Mar 13, 2024 |
Jared Shaw Barclays | Overweight | $99 | Initiates | Mar 8, 2024 |
Kelly Motta Keefe, Bruyette & Woods | Outperform | $103 | Maintains | Jan 26, 2024 |
Brock Vandervliet UBS | Neutral | $91 | Maintains | Jan 26, 2024 |
Gerard Cassidy RBC Capital | Outperform | $90 | Maintains | Jan 26, 2024 |
When did it IPO
1990
Staff Count
9,241
Country
United States
Sector/Industry
Financial Services/BanksโRegional
CEO
Mr. Ignacio Alvarez Esq.
Market Cap
$6.77B
In 2023, BPOP generated $2.64B in revenue, which was a decrease of -9.98% from the previous year. This can be seen as a signal that BPOP's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on December 2, 2024.
Why It Matters - The announcement of a monthly cash dividend signals financial stability and profitability for Popular, Inc., which may attract income-focused investors and positively impact the stock price.
Summary - Popular, Inc. (NASDAQ:BPOP) will host its Q3 2024 Earnings Conference Call on October 23, 2024, at 11:00 AM ET with key executives participating.
Why It Matters - The earnings call provides insights into Popular, Inc.'s financial performance, strategic direction, and risk management, influencing investor sentiment and stock valuation.
Summary - Popular, Inc. reported Q3 2024 net income of $155.3 million, down from $177.8 million in Q2 2024, due to increased net interest income offset by higher credit loss provisions.
Why It Matters - Popular, Inc. reported a decline in net income, indicating potential challenges in profitability despite higher net interest income. Increased provisions for credit losses may signal rising risk.
Summary - Popular (BPOP) reported Q3 earnings of $2.16 per share, missing the Zacks Consensus Estimate of $2.33. This is an increase from $1.90 per share in the same quarter last year.
Why It Matters - BPOP's earnings miss signals potential concerns over its growth momentum, which could impact investor confidence and stock performance moving forward.
Summary - BPOP's Q3 2024 earnings were impacted by increased provisions, though growth in net interest income and fee income provided some support.
Why It Matters - BPOP's Q3 2024 earnings reflect rising provisions, indicating potential risk, but increased net interest income and fee income suggest financial resilience.
Summary - Popular (BPOP) is being evaluated for its potential as a strong dividend stock, highlighting the challenge investors face in identifying suitable dividend-paying shares.
Why It Matters - The focus on dividends highlights potential income opportunities. BPOP's ability to deliver strong dividends may indicate financial health and attract income-focused investors.