Penn Capital Management Company LLC Sells 23,360 Shares of Popular, Inc. $BPOP

Posted by Francis Steltz on Nov 10th, 2026

Penn Capital Management Company LLC trimmed its position in shares of Popular, Inc. (NASDAQ:BPOP – Free Report) by 25.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 68,679 shares of the bank’s stock after selling 23,360 shares during the quarter. Penn Capital Management Company LLC’s holdings in Popular were worth $10,706,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BPOP. Reyes Financial Architecture Inc. acquired a new stake in shares of Popular during the third quarter worth approximately $34,000. Latitude Advisors LLC bought a new position in shares of Popular in the third quarter valued at approximately $34,000. Elevation Wealth Partners LLC boosted its holdings in shares of Popular by 97.2% in the 3rd quarter. Elevation Wealth Partners LLC now owns 280 shares of the bank’s stock worth $44,000 after acquiring an additional 138 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Popular by 30.5% in the 1st quarter. Parallel Advisors LLC now owns 321 shares of the bank’s stock worth $43,000 after acquiring an additional 75 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of Popular in the 3rd quarter worth approximately $73,000. 87.27% of the stock is owned by institutional investors.

Popular Price Performance

BPOP opened at $157.78 on Tuesday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. The firm has a 50 day simple moving average of $160.31 and a 200 day simple moving average of $154.08. Popular, Inc. has a fifty-two week low of $109.01 and a fifty-two week high of $179.24.

Popular (NASDAQ:BPOP – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The bank reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.26. Popular had a net margin of 22.36% and a return on equity of 16.08%. The business had revenue of $874.59 million for the quarter, compared to analyst estimates of $904.43 million. During the same period in the prior year, the business posted $3.14 earnings per share. As a group, analysts expect that Popular, Inc. will post 16.05 EPS for the current year.

Popular Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, November 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.3%. Popular’s payout ratio is presently 22.68%.

Insider Activity at Popular

In other Popular news, VP Adorno Rodriguez sold 600 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $168.79, for a total transaction of $101,274.00. Following the completion of the sale, the vice president owned 2,492 shares in the company, valued at approximately $420,624.68. The trade was a 19.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “buy (a-)” rating on shares of Popular in a research report on Thursday, October 29th. Piper Sandler reiterated an “overweight” rating and issued a $190.00 price objective (down from $198.00) on shares of Popular in a research report on Monday, October 26th. Wells Fargo & Company cut their price objective on Popular from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday. Zacks Research lowered Popular from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. Finally, Citigroup increased their target price on Popular from $192.00 to $193.00 and gave the stock a “buy” rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $186.42.

View Our Latest Report on BPOP

Popular Company Profile

(Free Report)

Popular, Inc is a financial holding company headquartered in San Juan, Puerto Rico. Founded in 1893, it provides banking and other financial services primarily in Puerto Rico and the U.S. mainland.

Its principal subsidiary, Banco Popular de Puerto Rico, serves individuals and businesses with consumer and commercial banking, mortgage lending, and related financial services. Popular also operates Popular Bank in the mainland United States and provides auto financing through Popular Auto.

Ignacio Alvarez is Popular’s president and chief executive officer.