Latest news with #BPOP
Yahoo
5 days ago
- Business
- Yahoo
Why Popular (BPOP) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks. Established in 1893, Popular, Inc. is a full-service financial services provider with operations in Puerto Rico, the U.S. mainland and the U.S. and British Virgin Islands. BPOP sits at a Zacks Rank #1 (Strong Buy), holds a Value Style Score of A, and has a VGM Score of B. Compared to the Banks - Southeast industry's P/E of 10.7X, shares of Popular are trading at a forward P/E of 10X. BPOP also has a PEG Ratio of 0.6, a Price/Cash Flow ratio of 16.6X, and a Price/Sales ratio of 1.7X. Many value investors pay close attention to a company's earnings as well. For BPOP, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.50 to $10.54 per share for 2025. Per share BPOP boasts an average earnings surprise of 11.8%. Investors should take the time to consider BPOP for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Popular, Inc. (BPOP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Are Finance Stocks Lagging Popular (BPOP) This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Popular (BPOP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Popular is a member of our Finance group, which includes 857 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Popular is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for BPOP's full-year earnings has moved 4.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the most recent data, BPOP has returned 10.6% so far this year. Meanwhile, the Finance sector has returned an average of 5.4% on a year-to-date basis. As we can see, Popular is performing better than its sector in the calendar year. Another stock in the Finance sector, Progressive (PGR), has outperformed the sector so far this year. The stock's year-to-date return is 20.5%. The consensus estimate for Progressive's current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, Popular is a member of the Banks - Southeast industry, which includes 53 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, this group has lost an average of 6.9% so far this year, meaning that BPOP is performing better in terms of year-to-date returns. In contrast, Progressive falls under the Insurance - Property and Casualty industry. Currently, this industry has 43 stocks and is ranked #43. Since the beginning of the year, the industry has moved +11.3%. Investors interested in the Finance sector may want to keep a close eye on Popular and Progressive as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Popular, Inc. (BPOP) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Popular: Q1 Earnings Snapshot
HATO REY, Puerto Rico (AP) — HATO REY, Puerto Rico (AP) — Popular Inc. (BPOP) on Wednesday reported first-quarter profit of $177.1 million. The Hato Rey, Puerto Rico-based bank said it had earnings of $2.56 per share. The company that runs Banco Popular and other banks in Puerto Rico and the U.S. posted revenue of $1.07 billion in the period. Its revenue net of interest expense was $757.7 million, exceeding Street forecasts. Popular shares have decreased roughly 5% since the beginning of the year. The stock has climbed 5% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BPOP at
Yahoo
27-02-2025
- Business
- Yahoo
Popular Announces Chief Executive Officer Ignacio Alvarez Will Retire on June 30, 2025; Board Appoints President & COO Javier D. Ferrer to Become Popular's Next CEO
SAN JUAN, Puerto Rico, February 27, 2025--(BUSINESS WIRE)--Popular, Inc. ("Popular" or the "Corporation") (NASDAQ: BPOP) announced today that Ignacio Alvarez will retire effective June 30, 2025 after serving as Chief Executive Officer ("CEO") since 2017. He will be succeeded by Javier D. Ferrer, currently President and Chief Operating Officer ("COO"). Richard L. Carrión, Chairman of Popular's Board of Directors, said, "The Board would like to thank Ignacio for his important contributions over the past 15 years. He joined Popular in 2010, when I was CEO, at a very challenging time for our organization and the financial industry. His counsel and support were invaluable and his highly strategic and collaborative approach quickly set him apart as a great leader. From his earliest days as CEO, he demonstrated his deep commitment to Popular's core values, as he steered our response in support of the many clients, colleagues and communities impacted by Hurricane Maria and the global pandemic. Ignacio also spearheaded critical initiatives, such as the expansion of our auto business through an important acquisition, the transaction to acquire key customer-facing channels from Evertec and the launch of a company-wide Transformation to modernize our delivery channels and deliver an enhanced customer experience. We wish him the best in his well-deserved retirement." "Javier has assumed increasing responsibilities in key leadership positions, demonstrating that he has the experience and vision to lead Popular as the new CEO and ensure the organization's continued success," continued Carrión. Ignacio Alvarez, Chief Executive Officer, said, "Popular is a special institution. Leading it has been a privilege and the opportunity of a lifetime, and I am proud of what we, as a team, have accomplished in recent years. I would like to thank our Board and colleagues, as well as our customers and shareholders, for their trust and support, which have made this journey a truly exceptional one. I am especially grateful to Javier for his friendship and partnership, which span many decades. Javier is a talented leader who cultivates a collaborative, high-performance culture. He will bring new energy while ensuring a smooth transition into the CEO role. I firmly believe Popular's best days are ahead, and I am positive that Javier will lead us to even greater successes." Javier D. Ferrer, President and Chief Operating Officer, said, "The opportunity to lead Popular is tremendously exciting. I am truly honored by the trust our Board has placed in me and deeply grateful for Ignacio's confidence and mentorship over the years. Ignacio has developed a strong foundation to build upon. Popular's heritage and its ability to positively impact so many individuals, businesses and communities is an important asset, accompanied by a great responsibility. I look forward to our future with optimism, fully committed to continue to work with our great teams to strengthen our organization, with a strong focus on delivering exceptional customer service, innovate and modernize our technology, and foster a culture of agility and performance to deliver increasing value to our stakeholders." Ferrer joined Popular in 2014 as Chief Legal Officer and General Counsel. Since January 2022, he has served as Executive Vice President and Chief Operating Officer. In May 2024, he was also appointed President. As President and Chief Operating Officer of Popular, Ferrer has been responsible for overseeing all business lines and the Strategic Planning and Data and Analytics functions of the Corporation. He has also been instrumental in the execution of Popular's Transformation program. Before joining Popular, Ferrer was a founding partner of Pietrantoni Méndez & Alvarez LLC, a San Juan, Puerto Rico based law firm. About Popular, Inc. Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular's principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation those regarding Popular's business, financial condition, results of operations, plans, objectives and future performance. These statements are not guarantees of future performance, are based on management's current expectations and, by their nature, involve risks, uncertainties, estimates and assumptions. Potential factors, some of which are beyond the Corporation's control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Risks and uncertainties include, without limitation, the effect of competitive and economic factors, and our reaction to those factors, the adequacy of the allowance for loan losses, delinquency trends, market risk and the impact of interest rate changes, (including on our cost of deposits), our ability to attract deposits and grow our loan portfolio, capital market conditions, capital adequacy and liquidity, the effect of legal and regulatory proceedings, new accounting standards on the Corporation's financial condition and results of operations, the occurrence of unforeseen or catastrophic events, including extreme weather events, pandemics, man-made disasters or acts of violence or war, as well as actions taken by governmental authorities in response thereto, and the direct and indirect impact of such events on Popular, our customers, service providers and third parties. Other potential factors include Popular's ability to successfully execute its transformation initiative, including, but not limited to, achieving projected earnings, efficiencies and return on tangible common equity and accurately anticipating costs and expenses associated therewith, the imposition of FDIC special assessments, changes to regulatory capital, liquidity and resolution-related requirements applicable to financial institutions in response to recent developments affecting the banking sector and the impact of bank failures or adverse developments at other banks and related negative media coverage of the banking industry in general on investor and depositor sentiment regarding the stability and liquidity of banks. All statements contained herein that are not clearly historical in nature, are forward-looking, and the words "anticipate," "believe," "continues," "expect," "estimate," "intend," "project" and similar expressions, and future or conditional verbs such as "will," "would," "should," "could," "might," "can," "may" or similar expressions, are generally intended to identify forward-looking statements. More information on the risks and important factors that could affect the Corporation's future results and financial condition is included in our Form 10-K for the year ended December 31, 2023, our Forms 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 and in the Form 10-K for the year ended December 31, 2024 to be filed with the Securities and Exchange Commission. Our filings are available on the Corporation's website ( and on the Securities and Exchange Commission website ( The Corporation assumes no obligation to update or revise any forward-looking statements or information which speak as of their respective dates. Financial (English): P-EN-FIN View source version on Contacts Popular, Relations:Paul J. Cardillo, 212-417-6721Senior Vice President and Investor Relations Officerpcardillo@ orMedia Relations:MC González Noguera, 917-804-5253Executive Vice President and Chief Communications & Public Affairs Sign in to access your portfolio
