Wells Fargo has shifted its stance on $BPOP, Popular Inc., from “Equal Weight” to “Overweight,” setting a fresh price target of $100. The move is rooted in expectations that the company’s sizable $19 billion in public fund deposits will soon reprice lower, offering a clear lift to net interest income and helping margins expand—despite persistent pressure from an inverted yield curve.
🟢 Popular’s forward earnings outlook looks equally appealing, with EPS projected to grow 15% year-over-year in both 2026 and 2027. That kind of trajectory is catching investor attention and gives this regional banking name a powerful near-term narrative.
🟢 As of April 9, 2025, shares of $BPOP are trading around $86.91, up 6.35% on the day. The trading session saw a high of $88.86 and a low of $79.79, reflecting heightened investor enthusiasm following the upgrade.
💰 On the income side, Popular remains a strong dividend play. It pays out $2.80 annually per share, equating to a yield of approximately 3.43%. With a payout ratio of just 32.71%, the dividend looks well-supported by earnings, and with six years of consecutive dividend increases, this stock checks the box for income-focused investors.
🔍 With a blend of growth potential and consistent dividend income, $BPOP stands out as a value-driven play in the financial sector—now backed by a bullish call from one of Wall Street’s major institutions.