Gillson Capital LP bought a new position in shares of Popular Inc (NASDAQ:BPOP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 168,853 shares of the bank’s stock, valued at approximately $5,993,000. Gillson Capital LP owned approximately 0.17% of Popular at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Popular by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock valued at $124,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Popular by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,797 shares of the bank’s stock worth $206,000 after acquiring an additional 1,910 shares during the period. State of Alaska Department of Revenue bought a new stake in Popular during the 4th quarter worth approximately $209,000. Invictus RG bought a new stake in Popular during the 4th quarter worth approximately $228,000. Finally, Algert Global LLC bought a new position in shares of Popular in the 3rd quarter worth $245,000. 91.58% of the stock is owned by institutional investors.
Shares of Popular Inc (NASDAQ BPOP) traded down $0.39 during trading hours on Wednesday, reaching $44.01. 674,243 shares of the company’s stock traded hands, compared to its average volume of 883,175. Popular Inc has a twelve month low of $32.04 and a twelve month high of $46.83. The stock has a market capitalization of $4,538.55, a P/E ratio of 43.57 and a beta of 1.10.
Popular (NASDAQ:BPOP) last released its earnings results on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.43 by $0.22. Popular had a net margin of 4.89% and a return on equity of 5.29%. The firm had revenue of $473.35 million for the quarter. analysts anticipate that Popular Inc will post 3.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 15th. Popular’s dividend payout ratio (DPR) is 99.01%.
A number of equities analysts have recently commented on BPOP shares. Keefe, Bruyette & Woods raised shares of Popular from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. ValuEngine raised shares of Popular from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Morgan Stanley increased their price target on shares of Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Citigroup assumed coverage on shares of Popular in a research report on Thursday, December 21st. They set a “buy” rating and a $47.00 price target for the company. Finally, Zacks Investment Research raised shares of Popular from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Popular currently has a consensus rating of “Buy” and an average target price of $48.31.
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Popular Company Profile
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.
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