Risk factor
Significant default risk
Profitability factor
Good growth
In Guru Portfolios
About
Popular, Inc., along with its subsidiaries, offers a broad spectrum of financial products and services encompassing retail, mortgage, and commercial banking. These operations extend across Puerto Rico, the United States, and the British Virgin Islands. The company provides various deposit options, including interest-bearing accounts such as savings, NOW, and money market accounts, alongside non-interest-bearing demand deposits and certificates of deposit. Its diverse lending activities include commercial and industrial financing, loans for multi-family and commercial real estate, and residential mortgage products. For individual consumers, Popular provides personal loans, credit cards, automobile financing, and home equity lines of credit. Construction project funding and lease financing, especially for vehicles, are also part of its offerings. Further expanding its services, Popular, Inc. engages in investment banking, equipment and auto leasing and financing, broker-dealer operations, and insurance. It also supports convenient banking through debit cards and online platforms. Established in 1893 and headquartered in Hato Rey, Puerto Rico, Popular, Inc. maintained a significant operational footprint as of December 31, 2021. This included 169 branches and 616 ATMs throughout Puerto Rico, 23 ATMs in the Virgin Islands, and 91 ATMs situated in the continental United States.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on P/IBPT, over
Target Price
The average target price of BPOP is 187 and suggests 20.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incre