Popular: Downgrading To Hold, Top-Line Growth To Boost Earnings [Seeking Alpha]
Popular, Inc. (BPOP)
Last popular, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
popular.com/en/investor-relations
Company Research
Source: Seeking Alpha
The top line will likely trend upward this year, thanks to the strong Puerto Rican economy and interest rate cuts. The December 2024 target price suggests a small downside from the current market price. BPOP is offering a moderate dividend yield of around 3%. Earnings of Popular, Inc. ( NASDAQ: BPOP ) will most probably increase this year on the back of mid-single-digit loan growth and subdued margin expansion. Meanwhile, I'm expecting the provision expense for loan losses to dip from the last quarter's unusually elevated level. Overall, I'm expecting the company to report earnings of $8.82 per share for 2024, up 17% year-over-year. Since the issuance of my last report , the stock price has surged and crossed my target price. As a result, I'm downgrading Popular, Inc. to a hold rating. Credit Quality is Not a Problem Earnings of Popular, Inc. took a hit in the last quarter of 2023 partly because of a jump in provisions expense for expected credit losses. The surge was due t
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BPOP
News
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Barclays PLC from $99.00 to $105.00. They now have an "overweight" rating on the stock.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $110.00 price target on the stock, up previously from $103.00.MarketBeat
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Wells Fargo & Company from $105.00 to $115.00. They now have an "overweight" rating on the stock.MarketBeat
- Popular, Inc. (NASDAQ:BPOP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Popular, Inc. (NASDAQ: BPOP) had its price target raised by analysts at Hovde Group from $112.00 to $113.00. They now have an "outperform" rating on the stock.MarketBeat
BPOP
Earnings
- 4/23/24 - Miss
BPOP
Sec Filings
- 4/23/24 - Form 8-K
- 4/8/24 - Form 3
- 4/3/24 - Form 4
- BPOP's page on the SEC website