Popular Inc (BPOP) is Reiterated by Compass Point to Buy, Raises Price Target to $ 35

Popular Inc (BPOP) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $32 . Compass Point advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Popular Inc. Piper Jaffray Initiated Popular Inc on Apr 8, 2016 to “Overweight”, Price Target of the shares are set at $35.Popular Inc was Downgraded by Societe Generale to ” Hold” on Mar 3, 2016. Compass Point Initiated Popular Inc on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $32.

On the company’s financial health, Popular Inc reported $0.81 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $0.81.Analysts expectations of $ 489.80.During the same quarter in the previous year, the company posted $0.71 EPS.

Popular Inc closed down -0.03 points or -0.10% at $30.13 with 4,02,775 shares getting traded on Wednesday. Post opening the session at $30.05, the shares hit an intraday low of $29.68 and an intraday high of $30.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 6, 2015, Maria Luisa Ferre (director) sold 296,164 shares at $29.39 per share price. According to the SEC, on May 29, 2015, Eli Sepulveda (EVP) sold 6,100 shares at $32.49 per share price. On May 26, 2015, Alejandro M Ballester (director) sold 863 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Popular Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Company’s BPPR segment provides retail including residential mortgage loans originations and commercial banking services through its banking subsidiary Banco Popular de Puerto Rico as well as auto and equipment leasing and financing investment banking broker-dealer and insurance services through specialized subsidiaries. The Company’s BPNA segment consists of Popular North America Inc. (PNA) functioning as the holding company for the Company’s operations in the United States. The banking operations of BPNA in the United States mainland are based in New York Florida and New Jersey conducted under the name of Popular Community Bank.

Popular Inc

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