OFG Bancorp (OFG) to Release Quarterly Earnings on Thursday

OFG Bancorp (NYSE:OFG - Get Free Report) will likely be announcing 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 earnings results on Wednesday, April 23rd. The bank reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). The business 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 in the prior year, the company posted $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 Trading Down 0.3%

OFG opened at $44.35 on Thursday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 10.64 and a beta of 0.75. The stock's 50 day moving average price is $42.09 and its 200-day moving average price is $41.17. OFG Bancorp has a one year low of $33.15 and a one year high of $47.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.85.

OFG Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 2.71%. OFG Bancorp's dividend payout ratio (DPR) is currently 28.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OFG. Piper Sandler dropped their price objective on OFG Bancorp from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on OFG Bancorp from $53.00 to $48.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Hovde Group dropped their price objective on OFG Bancorp from $53.50 to $50.00 and set an "outperform" rating on the stock in a research note 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, Wells Fargo & Company cut OFG Bancorp from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $48.00 to $42.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.

Insider Transactions at OFG Bancorp

In other news, CFO Maritza Arizmendi sold 5,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $41.44, for a total value of $207,200.00. Following the completion of the sale, the chief financial officer owned 63,470 shares of the company's stock, valued at $2,630,196.80. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.11% of the company's stock.

Hedge Funds Weigh In On OFG Bancorp

A hedge fund recently raised its stake in OFG Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of OFG Bancorp (NYSE:OFG - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 26,719 shares of the bank's stock after buying an additional 552 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of OFG Bancorp worth $1,069,000 at the end of the most recent quarter. 92.73% of the stock is owned by institutional investors.

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.

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