Popular Inc. earns high marks for its focus on serving the growing Hispanic population in the U.S., but at least one analyst believes shares have gotten ahead of themselves.

The San Juan company, which operates Banco Popular, has seen its stock price double in the past year, to well over the price-to-earnings multiples of its peers, said James Schutz, banking analyst at ABN Amro.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.