S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.26%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.26%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.26%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
S&P 500   4,274.04 (-0.72%)
DOW   33,980.32 (-0.50%)
QQQ   328.49 (-1.14%)
AAPL   174.55 (+0.88%)
MSFT   291.32 (-0.26%)
META   174.85 (-2.57%)
GOOGL   119.55 (-1.77%)
AMZN   142.10 (-1.85%)
TSLA   911.99 (-0.84%)
NVDA   183.35 (-2.88%)
NIO   20.08 (-3.97%)
BABA   89.77 (-3.11%)
AMD   98.27 (-1.93%)
MU   61.62 (-3.51%)
T   18.42 (-0.81%)
CGC   4.06 (+7.41%)
F   16.03 (-2.43%)
GE   79.92 (-1.42%)
DIS   122.81 (-1.72%)
AMC   21.36 (-13.91%)
PYPL   99.42 (-2.61%)
PFE   49.27 (-1.18%)
NFLX   241.15 (-1.85%)
NYSE:OFG

OFG Bancorp - OFG Stock Forecast, Price & News

$29.58
-0.10 (-0.34%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$29.14
$29.71
50-Day Range
$24.85
$29.68
52-Week Range
$22.23
$30.93
Volume
215,997 shs
Average Volume
269,640 shs
Market Capitalization
$1.41 billion
P/E Ratio
9.64
Dividend Yield
2.02%
Price Target
$32.67

OFG Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.4% Upside
$32.67 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.41mentions of OFG Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$178,034 Sold Last Quarter
Proj. Earnings Growth
7.27%
From $3.30 to $3.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Finance Sector

234th out of 932 stocks

State Commercial Banks Industry

43rd out of 194 stocks

OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

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, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler lowered their price objective on OFG Bancorp to $33.00 in a research report on Monday, July 4th. StockNews.com downgraded OFG Bancorp from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 20th.

OFG Bancorp Trading Up 0.0 %

Shares of OFG traded up $0.01 during mid-day trading on Wednesday, hitting $29.69. 2,274 shares of the company's stock traded hands, compared to its average volume of 243,982. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.03. OFG Bancorp has a 1 year low of $22.23 and a 1 year high of $30.93. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.67 and a beta of 1.20. The business's 50-day moving average price is $26.78 and its 200-day moving average price is $27.07.

OFG Bancorp (NYSE:OFG - Get Rating) last posted its earnings results on Thursday, July 21st. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. OFG Bancorp had a return on equity of 14.64% and a net margin of 25.87%. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts forecast that OFG Bancorp will post 3.3 EPS for the current fiscal year.

OFG Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.69%. This is a boost from OFG Bancorp's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, September 29th. OFG Bancorp's dividend payout ratio is presently 19.54%.

Insider Buying and Selling

In related news, COO Ganesh Kumar sold 3,059 shares of the company's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $29.10, for a total value of $89,016.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.66% of the stock is owned by insiders.

Receive OFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter.

OFG Stock News Headlines

OFG Bancorp: Q2 Earnings Insights
OFG Bancorp Reports 2Q22 Results
OFG Bancorp (NYSE:OFG) Short Interest Update
OFG Bancorp (OFG) Could Be a Great Choice
OFG Bancorp declares $0.15 dividend
See More Headlines
Receive OFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter.

OFG Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/21/2022
Today
8/17/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,269
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.67
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+10.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$146.15 million
Pretax Margin
37.79%

Debt

Sales & Book Value

Annual Sales
$578.46 million
Cash Flow
$3.28 per share
Book Value
$21.34 per share

Miscellaneous

Free Float
46,289,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
1.20

Key Executives

  • Mr. Jose Rafael Fernandez (Age 58)
    Pres, CEO & Vice Chairman
    Comp: $1.94M
  • Ms. Maritza Arizmendi Diaz CPA (Age 54)
    CPA, Esq., Chief Financial Officer
    Comp: $636.76k
  • Dr. Ganesh Kumar (Age 58)
    Chief Operating Officer
    Comp: $1.41M
  • Mr. Jose E. Cabrera Lazaro (Age 51)
    Chief Risk & Compliance Officer
    Comp: $445.35k
  • Krisen Aguirre Torres
    VP Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Hugh Gonzalez-Robison
    Gen. Counsel
  • Ms. Jennifer Zapata Nazario
    Sr. VP of HR
  • Mr. Luis Alejandro CPA (Age 61)
    C.I.S.A., Sr. VP and Sr. VP of Branch Admin.
  • General Carlos A. Viña CPA (Age 55)
    Sr. VP of Oriental Insurance













OFG Stock - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price forecast for 2022?

2 brokerages have issued 12 month target prices for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they predict the company's share price to reach $32.67 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2022?

OFG Bancorp's stock was trading at $26.56 at the beginning of the year. Since then, OFG stock has increased by 11.7% and is now trading at $29.68.
View the best growth stocks for 2022 here
.

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our OFG earnings forecast
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) issued its earnings results on Thursday, July, 21st. The bank reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. OFG Bancorp had a net margin of 25.87% and a trailing twelve-month return on equity of 14.64%. During the same period in the prior year, the business earned $0.78 EPS.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp declared a quarterly dividend on Wednesday, July 27th. Investors of record on Friday, September 30th will be given a dividend of $0.20 per share on Monday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.02%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 16.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.59%), FMR LLC (4.38%), JPMorgan Chase & Co. (1.78%), Northern Trust Corp (1.39%), Deutsche Bank AG (0.77%) and Principal Financial Group Inc. (0.68%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi, Pedro Morazzani and Rafael Cruz.
View institutional ownership trends
.

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $29.68.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.41 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.07 on an earnings per share basis.

How many employees does OFG Bancorp have?

The company employs 2,269 workers across the globe.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770.

This page (NYSE:OFG) was last updated on 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.