OFG Bancorp (NYSE:OFG - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.30 per share by the bank on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 30th.
OFG Bancorp has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OFG Bancorp to earn $4.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.
OFG Bancorp Price Performance
OFG traded down $0.80 during trading on Friday, reaching $41.82. 283,667 shares of the company were exchanged, compared to its average volume of 221,752. The company's 50-day moving average is $42.80 and its two-hundred day moving average is $41.36. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 9.86 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. OFG Bancorp has a 12-month low of $33.15 and a 12-month high of $47.66.
OFG Bancorp (NYSE:OFG - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.10. The business had revenue of $182.20 million for the quarter, compared to analyst estimates of $181.50 million. OFG Bancorp had a return on equity of 14.97% and a net margin of 22.06%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. Research analysts forecast that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.
OFG Bancorp Company Profile
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OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.
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