Popular Inc stock hits 52-week high at 128.7 USD

Popular Inc’s stock reached a significant milestone as it hit a 52-week high of 128.7 USD, with the financial institution now commanding a market capitalization of $8.6 billion. InvestingPro analysis indicates the stock may be slightly overvalued at current levels, though it maintains a healthy dividend yield of 2.35%. This achievement underscores the company’s robust performance over the past year, during which its stock price has appreciated by an impressive 28.01%. The surge in stock value reflects investor confidence and positive market sentiment towards Popular Inc, as the company continues to navigate economic challenges and capitalize on growth opportunities. This 52-week high serves as a testament to the company’s strategic initiatives and operational resilience.

In other recent news, Popular, Inc. reported strong financial results for the second quarter of 2025, with earnings per share reaching $3.09, surpassing the projected $2.52 by 22.62%. This earnings surprise was accompanied by robust revenue performance. Following these results, Citi raised its price target for Popular, Inc. to $142 from $133, citing better-than-expected core net interest income and a significant guidance increase for the full year 2025. Similarly, Keefe, Bruyette & Woods increased their price target to $132 from $125, maintaining an Outperform rating due to a "meaningful beat across almost all major line items."

Additionally, Popular, Inc. declared a quarterly cash dividend of $0.75 per share on its outstanding common stock, payable on October 1, 2025. The company also announced a monthly cash dividend on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, and a distribution on its 6.125% Cumulative Monthly Income Trust Preferred Securities. These dividends and distributions are set to be paid to holders of record in mid-September 2025.

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