U.S. stock futures slip lower; Cook’s firing increases Fed independence worries
Popular Inc (NASDAQ:BPOP)’s stock reached a 52-week high of 107.33 USD, marking a significant milestone for the company. With a P/E ratio of 11.03 and a dividend yield of 2.68%, the stock has caught analysts’ attention, with price targets reaching as high as $133. InvestingPro analysis suggests the stock is slightly overvalued at current levels. Over the past year, the stock has experienced a robust increase, with a 1-year change of 22.84%. This upward trajectory reflects investor confidence and the company’s strong performance in the market, supported by an EPS of $9.68. The 52-week high is a critical indicator for investors, showcasing the stock’s resilience and growth potential amidst fluctuating market conditions. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Popular Inc. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $2.56, compared to the forecasted $2.19. However, the company’s revenue came in slightly below projections at $757.66 million, against an anticipated $765.38 million. Additionally, the company saw growth in net interest income and loan balances, signaling strong operational momentum. In another development, Keefe, Bruyette & Woods, a financial services research firm, raised its price target for Popular Inc. to $125, maintaining an Outperform rating. The firm cited the company’s consistent profitability improvements and better-than-anticipated credit trends as factors for this positive outlook. Furthermore, Popular Inc. held its Annual Meeting of Shareholders, where all key proposals, including the election of directors and the approval of executive compensation, were passed with significant support. The appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2025 was also ratified. These recent developments reflect Popular Inc.’s ongoing financial health and strategic direction.
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