Popular, Inc. (NASDAQ:BPOP) has been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $47.83.

Several research firms have recently weighed in on BPOP. Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 target price on shares of Popular in a research report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $43.00 target price (up from $42.00) on shares of Popular in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $51.00 target price on shares of Popular in a research report on Thursday, June 29th. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded Popular from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Monday, July 10th.

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Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Popular by 18.2% in the first quarter. Morgan Stanley now owns 567,202 shares of the bank’s stock valued at $23,102,000 after buying an additional 87,306 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Popular by 47.6% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 107,300 shares of the bank’s stock valued at $4,370,000 after buying an additional 34,589 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Popular by 182.4% in the first quarter. Meadow Creek Investment Management LLC now owns 17,664 shares of the bank’s stock valued at $719,000 after buying an additional 11,408 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Popular by 0.9% in the first quarter. Suntrust Banks Inc. now owns 16,965 shares of the bank’s stock valued at $690,000 after buying an additional 153 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Popular by 0.4% in the second quarter. Aperio Group LLC now owns 103,469 shares of the bank’s stock valued at $4,316,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Shares of Popular (BPOP) traded up 0.86% on Tuesday, hitting $39.83. 312,266 shares of the company traded hands. The firm’s 50 day moving average price is $41.52 and its 200-day moving average price is $41.00. Popular has a 1-year low of $35.08 and a 1-year high of $45.96. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 17.99 and a beta of 1.28.

Popular (NASDAQ:BPOP) last released its earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. Popular had a return on equity of 7.11% and a net margin of 11.57%. The business had revenue of $491.27 million during the quarter, compared to the consensus estimate of $500.66 million. During the same period last year, the company earned $0.85 earnings per share. On average, equities research analysts expect that Popular will post $3.84 earnings per share for the current year.

About Popular

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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