Is Popular Stock a Buy or Sell After a Director Dumps Shares Worth Nearly $3 Million?

BPOP +0.15%

Key Points

• Board of Directors member Richard L. Carrion sold 25,000 shares on November 24, 2025.

• Mr. Carrion's sale was valued at approximately $2.8 million.

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Richard L. Carrion, a member of the Board of Directors at Popular (NASDAQ:BPOP), executed an open-market sale of 25,000 shares on November 24, 2025, as disclosed in this SEC Form 4 filing.

Transaction summary

Metric

Value

Shares sold

25,000

Transaction value

~$2.8 million

Post-transaction shares

193,020

Post-transaction value (direct ownership)

~$21.8 million

Transaction value based on SEC Form 4 weighted average purchase price ($113.50).

Key questions

• What proportion of Richard Carrion's direct holdings did this sale represent?The 25,000 shares sold accounted for 11.47% of his direct ownership prior to the transaction, reducing his direct stake from 218,020 shares to 193,020 shares.

• How does this transaction compare to Mr. Carrion's historical trading activity?Over the past two years, Mr. Carrion executed just one open-market sale, with the remainder of his Form 4 filings comprising administrative entries. As such, this transaction is his only reported open-market disposition during the period.

• What is the context of the sale relative to Popular's stock performance?The shares were sold at a weighted average price of $113.50 per share on November 24, 2025, when the stock closed at $112.86. As of November 24, 2025, Popular had delivered an 18.69% one-year total return.

• What is Mr. Carrion's remaining economic exposure to Popular after the sale?Post-transaction, Mr. Carrion retains direct ownership of 193,020 shares (valued at ~$21.8 million as of November 24, 2025).

Company overview

Metric

Value

Revenue (TTM)

$2.98 billion

Net income (TTM)

$775.66 million

Dividend yield

2.68%

1-year price change

18.69%

* 1-year price change calculated using November 24, 2025 as the reference date.

Company snapshot

• Popular offers a comprehensive suite of retail, mortgage, and commercial banking products, including deposit accounts, commercial and consumer loans, leasing, investment banking, and insurance services.

• The company generates revenue primarily through net interest income on loans and deposits, as well as fee-based income from financial services and banking operations.

• Popular serves retail, small business, and commercial clients across Puerto Rico, the United States, and the British Virgin Islands, with a strong branch and ATM network supporting broad market access.

Popular, Inc. operates as a regional bank with operations in Puerto Rico, the United States, and the British Virgin Islands, leveraging a broad branch network and diversified financial services to serve individual and business customers.

Foolish take

Richard Carrion's number of shares sold was a large percentage of his direct holdings, but it's not a warning sign to sell. He still retains over 193,000 direct shares, and another 74,467 shares indirectly, which suggests Mr. Carrion isn't in a rush to dump his holdings.

Popular shares have been climbing in 2025, and Mr. Carrion's sale came in the wake of the stock hitting a 52-week high of $129.32 in September. Shares could rise higher, with the consensus among Wall Street analysts predicting an average price target of $143.11 as of Nov. 28.

Popular stock is rising because the company is doing well. Its net interest income in the third quarter was $646.5 million, up from $572.5 million in 2024. This contributed to net income of $211.3 million compared to $155.3 million in the prior year.

There's no rush for shareholders to sell Popular stock, given the financial institution's excellent business performance. In terms of buying shares, Popular's price-to-earnings ratio of 10 is lower than it's been for most of the past year, suggesting the stock is a good value, and now is not a bad time to buy.

Glossary

Open-market sale: When an insider sells company shares on a public exchange, not as part of a pre-arranged plan.Director: A member of a company's board responsible for overseeing management and major corporate decisions.Form 4: A required SEC filing disclosing insider transactions in a company’s securities.Weighted average purchase price: The average price paid per share, weighted by the number of shares bought or sold at each price.Administrative entries: Non-trading changes in insider holdings, such as grants, awards, or transfers, reported on SEC forms.Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage.Net interest income: The difference between interest earned on loans and interest paid on deposits.TTM: The 12-month period ending with the most recent quarterly report.Economic exposure: The total value at risk an investor has in a security, reflecting potential gains or losses.Disposition: The act of selling or otherwise transferring ownership of an asset.Direct ownership: Shares held personally by an individual, not through trusts or other entities.

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Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Is Popular Stock a Buy or Sell After a Director Dumps Shares Worth Nearly $3 Million? was originally published by The Motley Fool