Wells Fargo downgraded Popular from Overweight to Equal Weight and set a new price target of $105.00 from $115.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 3/8/2024 | $99.00 | Overweight | Barclays |
| 12/1/2023 | $86.00 | Buy | Citigroup |
| 10/10/2023 | $63.00 | Neutral | BofA Securities |
| 4/6/2023 | $74.00 | Mkt Perform → Outperform | Keefe Bruyette |
Wells Fargo downgraded Popular from Overweight to Equal Weight and set a new price target of $105.00 from $115.00 previously
Piper Sandler resumed coverage of Popular with a rating of Overweight and set a new price target of $112.00
Hovde Group reiterated coverage of Popular with a rating of Outperform and set a new price target of $123.00 from $113.00 previously
4 - POPULAR, INC. (0000763901) (Issuer)
4 - POPULAR, INC. (0000763901) (Issuer)
4 - POPULAR, INC. (0000763901) (Issuer)
SC 13G - POPULAR, INC. (0000763901) (Subject)
SC 13G/A - POPULAR, INC. (0000763901) (Subject)
SC 13G - POPULAR, INC. (0000763901) (Subject)
Keefe, Bruyette & Woods analyst Kelly Motta reiterates Popular (NASDAQ:BPOP) with a Outperform and raises the price target from $110 to $120.
Popular (NASDAQ:BPOP) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.10 by 17.14 percent. This is a 17.14 percent increase over earnings of $2.10 per share from the same period last year. The company reported quarterly sales of $568.312 million which missed the analyst consensus estimate of $588.296 million by 3.40 percent. This is a 6.89 percent increase over sales of $531.668 million the same period last year.
- Form S-3
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 December 2, 2024 to holders of record as of November 15, 2024. 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 December 2, 2024 to holders of record as of Novembe
Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024. Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024. Credit quality metrics remained stable: Non-performing loans held-in-portfolio ("NPLs") increased by $19.6 million from Q2 2024; NPLs to loans ratio remained fl
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 October 31, 2024 to holders of record as of October 15, 2024. 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 November 1, 2024 to holders of record as of October
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 December 2, 2024 to holders of record as of November 15, 2024. 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 December 2, 2024 to holders of record as of Novembe
Net income of $155.3 million in Q3 2024, compared to net income of $177.8 million in Q2 2024. Net interest income of $572.5 million, an increase of $4.2 million compared to Q2 2024. Net interest margin of 3.24% in Q3 2024, compared to 3.22% in Q2 2024; net interest margin on a taxable equivalent basis of 3.47% in Q3 2024, compared to 3.48% in Q2 2024. Non-interest income of $164.1 million, compared to $166.3 million in Q2 2024. Operating expenses amounted to $467.3 million, down by $2.3 million when compared to Q2 2024. Credit quality metrics remained stable: Non-performing loans held-in-portfolio ("NPLs") increased by $19.6 million from Q2 2024; NPLs to loans ratio remained fl
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 October 31, 2024 to holders of record as of October 15, 2024. 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 November 1, 2024 to holders of record as of October
Popular, Inc. (NASDAQ:BPOP) announced today that its Board of Directors appointed Javier D. Ferrer as President of Popular, Inc., in addition to his current role as Chief Operating Officer ("COO"), continuing to report directly to Ignacio Alvarez, Popular's Chief Executive Officer ("CEO"). Ferrer was also named President of Popular, Inc.'s two banking subsidiaries, Banco Popular de Puerto Rico and Popular Bank. These appointments were effective May 9, 2024. Ferrer has been with Popular since 2014, serving as Executive Vice President and COO since 2022 and previously as Executive Vice President, Chief Legal Officer and General Counsel. He has also overseen the company's strategic planning
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that Carlos J. Vázquez will retire effective March 31, 2024 after serving as Chief Financial Officer ("CFO") since 2013, and in other senior leadership positions since joining Popular in 1997. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer. "Carlos has been an important contributor to our financial success," said President and Chief Executive Officer Ignacio Alvarez. "On behalf of everyone at Popular, I would like to express our appreciation for Carlos' more than 25 years of service, from his steady leadership during times of economic challenges through to ou
ELLICOTT CITY, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Huntress, the managed security platform for small and mid-sized businesses (SMBs) and the managed service providers that support them, today announced that industry veteran Myrna Soto, who has more than three decades of experience in corporate leadership and cybersecurity, has been elected to Huntress' Board of Directors. Soto brings information technology and security experience and distinction, leading and advising cybersecurity best practices to global businesses and their consumers. Soto is the former Global CISO at Comcast Corp., Chief Strategy and Trust Officer at Forcepoint, COO at an award-winning managed security services prov
8-K - POPULAR, INC. (0000763901) (Filer)
8-K - POPULAR, INC. (0000763901) (Filer)
10-Q - POPULAR, INC. (0000763901) (Filer)