NYSE:OFG - OFG Bancorp Stock Price, News, & Analysis

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$18.32 -0.24 (-1.29 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$18.56
Today's Range$18.01 - $18.63
52-Week Range$8.40 - $18.65
Volume552,800 shs
Average Volume340,212 shs
Market Capitalization$945.86 million
P/E Ratio13.77
Dividend Yield1.34%
Beta1.65
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in 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 products; and financial planning, investment brokerage, corporate and individual trust, and retirement services. It also offers securities brokerage services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and pension administration and other financial services. In addition, the company is involved in the management and participation in public offerings and private placements of debt and equity securities; insurance agency business; and administration of retirement plans. Further, it is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. The company operates through a network of 48 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:OFG
Previous Symbol
CUSIP67103X10
Phone787-771-6800

Debt

Debt-to-Equity Ratio0.14
Current Ratio0.89
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio13.77
Forward P/E Ratio12.21
P/E GrowthN/A

Sales & Book Value

Annual Sales$424.33 million
Price / Sales2.21
Cash Flow$2.1553 per share
Price / Cash8.50
Book Value$15.48 per share
Price / Book1.18

Profitability

EPS (Most Recent Fiscal Year)$1.33
Net Income$52.64 million
Net Margins18.22%
Return on Equity10.28%
Return on Assets1.25%

Miscellaneous

Employees1,408
Outstanding Shares51,290,000
Market Cap$945.86 million
OptionableOptionable

OFG Bancorp (NYSE:OFG) Frequently Asked Questions

What is OFG Bancorp's stock symbol?

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

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

OFG Bancorp announced a quarterly dividend on Thursday, August 23rd. Investors of record on Friday, September 28th will be paid a dividend of $0.06 per share on Monday, October 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, September 27th. View OFG Bancorp's Dividend History.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) posted its quarterly earnings data on Friday, October, 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.05. The bank had revenue of $100.90 million for the quarter, compared to analyst estimates of $94.80 million. OFG Bancorp had a return on equity of 10.28% and a net margin of 18.22%. View OFG Bancorp's Earnings History.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for OFG Bancorp.

What price target have analysts set for OFG?

3 analysts have issued 1 year price objectives for OFG Bancorp's stock. Their predictions range from $14.00 to $19.00. On average, they anticipate OFG Bancorp's share price to reach $17.00 in the next twelve months. This suggests that the stock has a possible downside of 7.2%. View Analyst Price Targets for OFG Bancorp.

What is the consensus analysts' recommendation for OFG Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for OFG Bancorp.

What are Wall Street analysts saying about OFG Bancorp stock?

Here are some recent quotes from research analysts about OFG Bancorp stock:
  • 1. According to Zacks Investment Research, "OFG Bancorp is a financial holding company that conducts its business activities through its subsidiaries, primarily in Puerto Rico. The company's product and services consist of consumer banking and lending, commercial banking and wealth management. It offers residential mortgages, auto loans and leases, credit cards, business loans, commercial mortgages and leasing, cash management, transactional services, international trade financing, financial planning, money management, investment brokerage, corporate and individual trust, retirement products programs, and insurance. OFG Bancorp., formerly known as Oriental Financial Group Inc., is based in San Juan, Puerto Rico. " (10/24/2018)
  • 2. Piper Jaffray Companies analysts commented, "We initiate coverage of 18-month price target of $23 and an Outperform rating. In our opinion, EVER can gain share in the $9 billion insurance advertising market as its paid marketing competencies attract high-intent insurance shoppers through multiple online channels, where it holds a 10x traffic advantage versus its closest competitors. EVER can achieve multiple expansion as it shows the market it can 1) generate sustainable growth post-2017; 2) leverage its data assets to improve insurance provider ROI; and 3) post results that exhibit better visibility towards profitability. In addition, we see strategic asset value in EVER’s ability to drive and convert traffic through long-tail online advertising channels, limiting downside. Our $23 PT implies 3.5x/11x our ’19E Revenue/VMM (Variable Marketing Margin)." (7/23/2018)

Has OFG Bancorp been receiving favorable news coverage?

Media headlines about OFG stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. OFG Bancorp earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decline in short interest in October. As of October 31st, there was short interest totalling 1,728,426 shares, a decline of 58.5% from the October 15th total of 4,162,597 shares. Based on an average trading volume of 776,909 shares, the short-interest ratio is currently 2.2 days. Currently, 4.0% of the company's shares are sold short. View OFG Bancorp's Current Options Chain.

Who are some of OFG Bancorp's key competitors?

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the folowing people:
  • Mr. José Rafael Fernández, Vice Chairman, Pres & CEO (Age 54)
  • Ms. Maritza Arizmendi Díaz CPA, Esq., Exec. VP & CFO (Age 50)
  • Dr. Ganesh Kumar, Sr. EVP, COO and Head of Retail Banking & Bus. Devel. (Age 54)
  • Mr. César A. Ortiz CPA, Esq., Sr. VP & Chief Risk Officer (Age 43)
  • Mr. Ramón A. Rosado-Linera, Sr. VP & Treasurer (Age 54)

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.29%), Dimensional Fund Advisors LP (7.24%), LSV Asset Management (3.60%), X Square Capital LLC (2.77%), JPMorgan Chase & Co. (2.05%) and JPMorgan Chase & Co. (2.39%). Company insiders that own OFG Bancorp stock include Carlos Souffront, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan and Radames Pena. View Institutional Ownership Trends for OFG Bancorp.

Which major investors are selling OFG Bancorp stock?

OFG stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., JPMorgan Chase & Co., JPMorgan Chase & Co., Man Group plc, Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Bowling Portfolio Management LLC and State Board of Administration of Florida Retirement System. View Insider Buying and Selling for OFG Bancorp.

Which major investors are buying OFG Bancorp stock?

OFG stock was bought by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, X Square Capital LLC, LSV Asset Management, EJF Capital LLC, Renaissance Technologies LLC, Matarin Capital Management LLC, BlackRock Inc. and SG Americas Securities LLC. Company insiders that have bought OFG Bancorp stock in the last two years include Jesus Nestor De and Jorge Colon. View Insider Buying and Selling for OFG Bancorp.

How do I buy shares of OFG Bancorp?

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

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $18.32.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $945.86 million and generates $424.33 million in revenue each year. The bank earns $52.64 million in net income (profit) each year or $1.33 on an earnings per share basis. OFG Bancorp employs 1,408 workers across the globe.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is http://www.orientalbank.com.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The bank can be reached via phone at 787-771-6800 or via email at [email protected]


MarketBeat Community Rating for OFG Bancorp (NYSE OFG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  181 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  370
MarketBeat's community ratings are surveys of what our community members think about OFG Bancorp and other stocks. Vote "Outperform" if you believe OFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2018 by MarketBeat.com Staff

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