Popular, Inc. (NASDAQ:BPOP) had its target price decreased by Barclays PLC from $47.00 to $40.00 in a research report issued on Wednesday. The firm currently has an “equal weight” rating on the bank’s stock. Barclays PLC’s price target suggests a potential upside of 19.23% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Popular from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Popular in a research note on Friday, July 7th. BidaskClub raised shares of Popular from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. ValuEngine downgraded shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price objective on shares of Popular in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.33.

Popular (NASDAQ BPOP) traded down 2.95% during mid-day trading on Wednesday, hitting $33.55. The company had a trading volume of 1,211,801 shares. Popular has a 1-year low of $33.49 and a 1-year high of $45.96. The firm has a market capitalization of $3.42 billion, a PE ratio of 15.15 and a beta of 1.25. The company has a 50 day moving average of $38.42 and a 200 day moving average of $39.80.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $491.27 million during the quarter, compared to the consensus estimate of $500.66 million. Popular had a net margin of 11.57% and a return on equity of 7.11%. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Analysts predict that Popular will post $3.79 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Stilwell Value LLC increased its position in shares of Popular by 4,071.0% during the second quarter. Stilwell Value LLC now owns 834,200 shares of the bank’s stock worth $834,000 after purchasing an additional 814,200 shares in the last quarter. Raffles Associates LP increased its position in shares of Popular by 1.9% during the second quarter. Raffles Associates LP now owns 265,000 shares of the bank’s stock worth $11,053,000 after purchasing an additional 5,000 shares in the last quarter. Polaris Capital Management LLC increased its position in shares of Popular by 35.9% during the second quarter. Polaris Capital Management LLC now owns 3,149,712 shares of the bank’s stock worth $131,374,000 after purchasing an additional 831,871 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in shares of Popular by 43.4% during the second quarter. Piedmont Investment Advisors LLC now owns 48,636 shares of the bank’s stock worth $2,029,000 after purchasing an additional 14,725 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Popular by 3.3% during the second quarter. Sterling Capital Management LLC now owns 111,171 shares of the bank’s stock worth $4,637,000 after purchasing an additional 3,524 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.

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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