Bath Savings Trust Co Has $307,000 Holdings in Popular, Inc. (NASDAQ:BPOP)

Bath Savings Trust Co decreased its position in shares of Popular, Inc. (NASDAQ:BPOP) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,259 shares of the bank’s stock after selling 521 shares during the quarter. Bath Savings Trust Co’s holdings in Popular were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BPOP. Principal Financial Group Inc. increased its position in Popular by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock valued at $105,769,000 after acquiring an additional 71,782 shares during the period. Franklin Resources Inc. increased its holdings in Popular by 304.3% in the third quarter. Franklin Resources Inc. now owns 99,861 shares of the bank’s stock valued at $10,042,000 after purchasing an additional 75,164 shares during the period. Tidal Investments LLC bought a new position in Popular during the 3rd quarter worth $1,635,000. Wilmington Savings Fund Society FSB bought a new position in Popular during the 3rd quarter worth $81,000. Finally, TCW Group Inc. grew its position in shares of Popular by 15.2% in the 3rd quarter. TCW Group Inc. now owns 94,815 shares of the bank’s stock valued at $9,507,000 after buying an additional 12,494 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BPOP shares. UBS Group assumed coverage on Popular in a research report on Tuesday, December 17th. They set a “neutral” rating and a $104.00 price objective for the company. Piper Sandler dropped their price target on shares of Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their price objective on shares of Popular from $103.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their target price on shares of Popular from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Popular from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Popular presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Popular Price Performance

BPOP stock opened at $94.60 on Wednesday. Popular, Inc. has a 1 year low of $79.01 and a 1 year high of $105.01. The stock has a market capitalization of $6.75 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.76 and a beta of 0.81. The company’s 50-day moving average is $95.60 and its 200-day moving average is $96.17.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.16 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.17). Popular had a net margin of 12.36% and a return on equity of 11.35%. The firm had revenue of $736.56 million during the quarter, compared to analyst estimates of $766.62 million. During the same period last year, the business posted $1.90 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, analysts anticipate that Popular, Inc. will post 8.46 earnings per share for the current fiscal year.

Popular Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a dividend of $0.70 per share. This is a boost from Popular’s previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, December 6th. Popular’s dividend payout ratio (DPR) is currently 38.04%.

Insider Buying and Selling at Popular

In other Popular news, VP Adorno Denissa Rodriguez sold 1,825 shares of Popular stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $97.71, for a total transaction of $178,320.75. Following the transaction, the vice president now owns 3,332 shares of the company’s stock, valued at $325,569.72. This trade represents a 35.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz Castellvi sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $99.16, for a total value of $347,060.00. Following the completion of the transaction, the executive vice president now directly owns 25,115 shares of the company’s stock, valued at approximately $2,490,403.40. This represents a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.09% of the company’s stock.

Popular Company Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.