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Popular

BPOP · NASDAQ

$160.85+$0.94 (+0.59%)TodayMarket closed ·
Prev close $159.91

BPOP analyst rating

BuyConsensus of 12 analysts over the last 12 months. 92% rate it a buy.
  • Strong buy0
  • Buy11
  • Hold1
  • Underperform0
  • Sell0

12-month price target · 12 analysts

Average $200.12 (+24.4% upside)

Low
$182.81
Now
$160.85
High
$226.80

Upgrades and downgrades

The latest rating actions, newest first

BPOP analyst upgrades, downgrades and rating actions
FirmDateActionRating
BarclaysOct 5, 2026MaintainsOverweight
Wells FargoSep 30, 2026MaintainsOverweight
CitigroupSep 22, 2026MaintainsBuy
BenchmarkAug 31, 2026MaintainsBuy
Wells FargoAug 10, 2026MaintainsOverweight
BarclaysAug 3, 2026MaintainsOverweight
Truist SecuritiesJul 24, 2026MaintainsBuy
Keefe, Bruyette & WoodsJul 24, 2026MaintainsOutperform
Piper SandlerJul 24, 2026MaintainsOverweight
RBC CapitalJul 24, 2026MaintainsOutperform

The case for and against

Updated Oct 18, 2026

Bull case

Popular is supported by strong franchise momentum in Puerto Rico, where robust loan production, roughly 40% deposit market share, and inflows from public deposits are helping drive durable balance sheet growth. Profitability is improving materially, with 2Q26 EPS of $4.35, ROTCE of 17.0%, ROA of 1.41%, and FTE NIM at 4.17%, while stable underlying credit quality and manageable 65-80 bps NCO guidance suggest earnings are not being driven by excessive risk. Its 16.1% CET1 ratio, $1.0 billion buyback authorization, and 20% dividend increase provide significant capital flexibility, and continued repricing of securities plus lower deposit costs should support NII gains through 2028.

Bear case

Popular is facing a fragile fundamental backdrop because Puerto Rico’s growth momentum from 2023-2024 is slowing, with 2026 expected to look like 2025 or be only flat to slightly positive, while economic weakness, outmigration, and a shrinking tax base constrain loan demand and fee generation. At the operating level, Popular U.S. has seen non-interest income slip to $7 million, deposits fall $300 million to $11.9 billion, and deposit costs rise to 2.73%, while a discontinued mortgage origination business has further reduced revenue diversification. Credit trends are also unfavorable, with commercial NPL inflows tied to two borrower-specific loans totaling $129 million and PCL still elevated at $66 million, leaving ROA expansion, margin durability, and earnings quality under pressure.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.