Truist Financial Raises Popular (NASDAQ:BPOP) Price Target to $197.00

Popular (NASDAQ:BPOP) had its price target upped by stock analysts at Truist Financial from $192.00 to $197.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s target price would suggest a potential upside of 14.71% from the company’s current price.

Several other brokerages also recently commented on BPOP. Citigroup raised their price objective on Popular from $178.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Zacks Research cut Popular from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group increased their price target on Popular from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada raised their price target on Popular from $163.00 to $181.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on Popular from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $184.42.

Popular Stock Performance

BPOP opened at $171.73 on Friday. The firm’s fifty day moving average is $160.90 and its two-hundred day moving average is $146.05. The firm has a market cap of $11.08 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.93 and a beta of 0.61. Popular has a twelve month low of $108.74 and a twelve month high of $175.12.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.63. Popular had a net margin of 21.37% and a return on equity of 15.47%. The company had revenue of $846.92 million for the quarter, compared to analysts’ expectations of $878.41 million. During the same period last year, the firm posted $3.09 earnings per share. Equities analysts forecast that Popular will post 15.2 EPS for the current fiscal year.

Insider Activity at Popular

In other Popular news, Director Alejandro M. Ballester sold 23,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $150.00, for a total transaction of $3,450,000.00. Following the completion of the transaction, the director owned 34,588 shares in the company, valued at approximately $5,188,200. This represents a 39.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alejandro M. Sanchez sold 300 shares of Popular stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $150.36, for a total value of $45,108.00. Following the completion of the sale, the director directly owned 3,960 shares in the company, valued at $595,425.60. This represents a 7.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 29,500 shares of company stock valued at $4,415,870. 2.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Popular by 30.5% during the first quarter. Parallel Advisors LLC now owns 321 shares of the bank’s stock worth $43,000 after buying an additional 75 shares in the last quarter. Xponance LLC lifted its stake in Popular by 2.1% in the 4th quarter. Xponance LLC now owns 3,892 shares of the bank’s stock valued at $485,000 after acquiring an additional 80 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Popular by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,262 shares of the bank’s stock valued at $974,000 after acquiring an additional 84 shares in the last quarter. Severin Investments LLC boosted its position in Popular by 1.9% during the 1st quarter. Severin Investments LLC now owns 4,799 shares of the bank’s stock worth $644,000 after acquiring an additional 91 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Popular by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,693 shares of the bank’s stock worth $764,000 after acquiring an additional 95 shares during the last quarter. 87.27% of the stock is 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

About Popular

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.