OFG Bancorp (OFG) to Release Earnings on Thursday

OFG Bancorp (NYSE:OFG - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $181.50 million for the quarter.

OFG Bancorp (NYSE:OFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $175.35 million. OFG Bancorp had a net margin of 22.10% and a return on equity of 15.23%. During the same period last year, the company earned $1.05 EPS. On average, analysts expect OFG Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

OFG Bancorp Price Performance

Shares of OFG Bancorp stock traded down $0.20 during trading on Friday, reaching $44.60. 224,073 shares of the stock traded hands, compared to its average volume of 313,321. OFG Bancorp has a 52-week low of $33.15 and a 52-week high of $47.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.85 and a quick ratio of 0.84. The business has a fifty day simple moving average of $42.23 and a two-hundred day simple moving average of $41.20. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.69 and a beta of 0.75.

OFG Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.69%. The ex-dividend date is Monday, June 30th. OFG Bancorp's dividend payout ratio is presently 28.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OFG shares. Wells Fargo & Company upped their price objective on OFG Bancorp from $42.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday. Piper Sandler reduced their price target on shares of OFG Bancorp from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price target on OFG Bancorp from $53.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised OFG Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Hovde Group lowered their price objective on OFG Bancorp from $53.50 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, OFG Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $47.00.

Insider Buying and Selling

In related news, CFO Maritza Arizmendi sold 5,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $41.44, for a total value of $207,200.00. Following the sale, the chief financial officer directly owned 63,470 shares of the company's stock, valued at $2,630,196.80. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.11% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OFG Bancorp stock. Royal Bank of Canada boosted its holdings in shares of OFG Bancorp (NYSE:OFG - Free Report) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,489 shares of the bank's stock after acquiring an additional 2,456 shares during the quarter. Royal Bank of Canada owned 0.07% of OFG Bancorp worth $1,221,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 92.73% of the company's stock.

OFG Bancorp Company Profile

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.