S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Popular Inc (NASDAQ:BPOP)’s stock reached a new 52-week high of 116.0 USD, marking a significant milestone for the company. According to InvestingPro data, the stock has delivered an impressive 24.68% return year-to-date, with analysis suggesting the stock remains slightly undervalued at current levels. This achievement reflects a 14.62% increase in the stock’s value over the past year, underscoring the company’s positive performance and investor confidence. Trading at a P/E ratio of 11.92, the stock appears attractively valued relative to its growth prospects. The rise to this new peak highlights the market’s favorable view of Popular Inc’s business strategies and financial health, as it continues to navigate the competitive landscape successfully. This 52-week high is a testament to the company’s resilience and growth potential in the current economic environment. The company has maintained dividend payments for 11 consecutive years, currently offering a 2.42% yield. Discover 8 more key insights about Popular Inc with InvestingPro.
In other recent news, Popular Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.56, compared to the forecasted $2.19. However, revenue slightly missed projections, coming in at $757.66 million against an anticipated $765.38 million. The company also announced an increase in its quarterly common stock dividend from $0.70 to $0.75 per share, pending board approval, and revealed a new $500 million stock repurchase program. In addition, shareholders approved executive compensation and elected directors during the company’s recent Annual Meeting. Keefe, Bruyette & Woods raised its price target for Popular Inc. to $125, maintaining an Outperform rating, citing the company’s consistent profitability improvements and better-than-expected credit trends. Popular Inc. continues to demonstrate strong operational momentum, with net interest income and loan balances showing significant growth. The company also revised its loan growth guidance to the lower end of its previous range, reflecting cautious optimism amid economic uncertainties.
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