Brokerages Set $133.78 Average Price Target for Popular, Inc. with Buy Consensus

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Analysts assign Popular, Inc. an average "Moderate Buy" rating with a $133.78 12-month target, ranging from Truist's $153 to Wells Fargo's reduced $135. In Q3 the bank beat EPS with $3.14 (vs. $3.04) but fell short on revenue at $720.8M, and declared a $0.75 quarterly dividend for a 2.3% yield.

1. Brokerages’ Consensus and Price Targets

Eleven brokerages cover Popular, Inc., assigning an average rating of Moderate Buy. Nine analysts have issued Buy ratings, while two have Hold recommendations. Over the past year, the consensus 12-month price target stands at $133.78, with individual targets ranging from $135.00 (Wells Fargo & Company) to $153.00 (Truist Financial). UBS Group and Barclays have maintained Neutral and Overweight ratings, respectively, reflecting a balanced outlook on the stock’s near-term upside.

2. Recent Quarterly Performance and Valuation Metrics

In its most recent quarter, Popular reported earnings per share of $3.14, exceeding consensus estimates by $0.10. Revenue totaled $720.8 million, missing analyst forecasts by roughly 10%. Return on equity was 13.27%, and net margin reached 17.63%. Year-over-year revenue declined 1.3%, while EPS increased from $2.16 in the prior-year period. The bank’s price-to-earnings ratio sits at 11.3, with a PEG ratio of 0.53, suggesting the shares trade at a discount relative to expected earnings growth. Analysts project full-year EPS of approximately $10.06.

3. Dividend Policy and Yield

Popular’s board recently declared a quarterly dividend of $0.75 per share, translating to an annualized payout of $3.00 and a yield of 2.3%. The ex-dividend date was December 5, with payment made on January 2. The company’s dividend payout ratio is 26.6%, indicating significant capacity to maintain or grow distributions given its current earnings profile.

4. Insider Transactions and Institutional Ownership

During the past quarter, director Richard L. Carrión sold 25,000 shares at an average price of $113.50, reducing his stake by 11.5%, while VP Denissa Rodriguez sold 1,000 shares at $114.84, cutting her holding by 27.8%. Insiders collectively own 2.23% of the shares outstanding. Institutional investors control 87.27% of the float, with notable recent purchases by Allworth Financial LP (a 2,158.8% increase) and Farther Finance Advisors LLC (112.2% increase), underscoring sustained institutional confidence in the franchise.

Sources

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