Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $126.00 from $114.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/18/2025 | $114.00 → $126.00 | Outperform | Hovde Group |
| 4/24/2025 | $118.00 → $114.00 | Outperform | Hovde Group |
| 4/9/2025 | $100.00 | Equal Weight → Overweight | Wells Fargo |
| 12/17/2024 | Neutral | UBS | |
| 10/1/2024 | $115.00 → $105.00 | Overweight → Equal Weight | Wells Fargo |
| 8/26/2024 | $112.00 | Overweight | Piper Sandler |
| 7/25/2024 | $113.00 → $123.00 | Outperform | Hovde Group |
| 4/24/2024 | $112.00 → $113.00 | Outperform | Hovde Group |
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on June 30, 2025 to holders of record as of June 15, 2025. The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities: a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on July 1, 2025 to holders of record as of June 15, 2025.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb+" (Good) of Popular Life Re (PLRe) (Puerto Rico). PLRe is a life reinsurance subsidiary of its ultimate parent, Popular, Inc. (NASDAQ:BPOP), a publicly traded bank holding company based in Puerto Rico. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PLRe's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The weak credit profile of ultimate parent, Popular, Inc., continues to have a drag on the ratings lift/drag reflected in
Popular, Inc. (NASDAQ:BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.70 per share on its outstanding common stock. The dividend will be payable on July 1, 2025 to shareholders of record at the close of business on May 29, 2025. About Popular, Inc. Popular, Inc. (NASDAQ:BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leas