Benchmark Raises Popular (NASDAQ:BPOP) Price Target to $214.00

Popular (NASDAQ:BPOP) had its target price lifted by analysts at Benchmark from $201.00 to $214.00 in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the bank’s stock. Benchmark’s price target points to a potential upside of 24.61% from the company’s previous close.

BPOP has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their price target on Popular from $155.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Barclays increased their price objective on shares of Popular from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group raised their target price on shares of Popular from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company boosted their target price on shares of Popular from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $184.42.

Popular Price Performance

Shares of NASDAQ:BPOP opened at $171.73 on Friday. The business’s 50 day simple moving average is $160.90 and its 200 day simple moving average is $146.05. Popular has a 1 year low of $108.74 and a 1 year high of $175.12. The company has a market capitalization of $11.08 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.93 and a beta of 0.61.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.63. The firm had revenue of $846.92 million during the quarter, compared to analysts’ expectations of $878.41 million. Popular had a return on equity of 15.47% and a net margin of 21.37%.During the same period in the previous year, the firm earned $3.09 EPS. On average, sell-side analysts anticipate that Popular will post 15.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Popular news, Director Alejandro M. Sanchez sold 300 shares of Popular stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $150.36, for a total value of $45,108.00. Following the transaction, the director owned 3,960 shares in the company, valued at $595,425.60. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of Popular stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $148.51, for a total value of $920,762.00. Following the completion of the transaction, the executive vice president owned 11,255 shares in the company, valued at approximately $1,671,480.05. This represents a 35.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,500 shares of company stock worth $4,415,870 in the last ninety days. 2.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Popular

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Popular by 112.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,616 shares of the bank’s stock valued at $5,620,000 after purchasing an additional 23,584 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Popular by 10.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 187,671 shares of the bank’s stock valued at $23,369,000 after purchasing an additional 17,148 shares during the last quarter. Artemis Investment Management LLP bought a new position in Popular in the 4th quarter valued at approximately $2,038,000. UBS Group AG boosted its position in Popular by 28.1% in the fourth quarter. UBS Group AG now owns 540,646 shares of the bank’s stock valued at $67,321,000 after buying an additional 118,496 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Popular by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,405,575 shares of the bank’s stock valued at $175,057,000 after buying an additional 64,778 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Popular News Summary

Here are the key news stories impacting Popular this week:

• Positive Sentiment: Popular beat Q2 EPS estimates, with stronger net interest income, fee income, and loan/deposit growth, while lower expenses supported profitability; management also planned a 20% dividend increase. Popular Q2 Earnings Beat on NII & Fee Income, Dividend Hike Planned
• Positive Sentiment: Several brokerages raised price targets after the earnings release, including Benchmark to $214, KBW to $207, and Truist to $197, signaling upgraded confidence in the bank’s outlook.
• Positive Sentiment: Other post-earnings coverage highlighted robust operating momentum and strong financial performance, reinforcing the view that Popular’s core banking trends remain healthy. Popular Inc (BPOP) Q2 2026 Earnings Call Highlights
• Neutral Sentiment: One article noted the stock looks reasonable on earnings but stretched on returns, suggesting the valuation is not cheap despite the improved fundamentals. Popular (BPOP) Stock Looks Reasonable On Earnings But Stretched On Returns
• Neutral Sentiment: The company also announced capital actions and a leadership transition, including CEO retirement plans, which investors may view as a longer-term governance update rather than an immediate earnings driver. Popular unveils capital plan and leadership transition

Popular Company Profile

Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.

The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.