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Popular Inc (NASDAQ:BPOP)’s stock has reached a new 52-week high, hitting a price of 111.73 USD, marking a significant milestone for the $7.64 billion financial institution. According to InvestingPro analysis, analysts see further upside potential with price targets reaching as high as $133. This milestone reflects a significant upward trend for the company, as its stock has experienced a notable 1-year change of 25.94%. Trading at an attractive P/E ratio of 11.46 and offering a 2.54% dividend yield, the company has demonstrated solid fundamentals with 6.94% revenue growth. The recent high underscores investor confidence and the company’s robust performance over the past year. Popular Inc’s ability to reach this new peak highlights its resilience and potential for continued growth in the financial sector. InvestingPro subscribers can access 8 additional key insights about Popular Inc’s growth prospects and financial health.
In other recent news, Popular Inc. reported its first-quarter 2025 earnings, exceeding analysts’ expectations with earnings per share (EPS) of $2.56, compared to the forecasted $2.19. Despite the EPS beat, revenue was slightly below expectations, coming in at $757.66 million against the anticipated $765.38 million. Keefe, Bruyette & Woods, a financial services research firm, responded positively by raising its price target for Popular Inc. to $125, maintaining an Outperform rating. The firm noted the company’s consistent profitability improvements and better-than-anticipated credit trends. Additionally, Popular Inc. held its Annual Meeting of Shareholders, where shareholders approved executive compensation and elected eleven directors for a one-year term. The appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2025 was also ratified. These developments reflect Popular Inc.’s strong operational momentum and financial performance.
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