About OFG Bancorp (NYSE:OFG)
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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:OFG
CUSIP67103X10
Phone787-771-6800
Debt
Debt-to-Equity Ratio0.10
Current Ratio0.87
Quick Ratio0.87
Price-To-Earnings
Trailing P/E Ratio10.79
Forward P/E Ratio12.81
P/E GrowthN/A
Sales & Book Value
Annual Sales$424.33 million
Price / Sales1.49
Cash Flow$2.1710 per share
Price / Cash6.61
Book Value$17.50 per share
Price / Book0.82
Profitability
EPS (Most Recent Fiscal Year)$1.33
Net Income$52.64 million
Net Margins12.93%
Return on Equity9.80%
Return on Assets1.20%
Miscellaneous
Employees1,408
Outstanding Shares43,950,000
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 Wednesday, May 23rd. Stockholders of record on Friday, June 29th will be paid a dividend of $0.06 per share on Monday, July 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, June 28th. View OFG Bancorp's Dividend History.
How were OFG Bancorp's earnings last quarter?
OFG Bancorp (NYSE:OFG) issued its quarterly earnings data on Friday, April, 20th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.09. The bank earned $92.51 million during the quarter. OFG Bancorp had a return on equity of 9.80% and a net margin of 12.93%. View OFG Bancorp's Earnings History.
When is OFG Bancorp's next earnings date?
What price target have analysts set for OFG?
3 brokerages have issued 1-year target prices for OFG Bancorp's stock. Their forecasts range from $12.00 to $14.00. On average, they expect OFG Bancorp's stock price to reach $12.6667 in the next year. View Analyst Ratings for OFG Bancorp.
Who are some of OFG Bancorp's key competitors?
Some companies that are related to OFG Bancorp include First Interstate BancSystem (FIBK), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Hilltop (HTH), Independent Bank (INDB), Ameris Bancorp (ABCB), Eagle Bancorp (EGBN), Independent Bank Group (IBTX), Banner (BANR), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF), First Bancorp (FBP), First Busey (BUSE) and S & T Bancorp (STBA).
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)
Has OFG Bancorp been receiving favorable news coverage?
Media coverage about OFG stock has been trending somewhat positive on Sunday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. OFG Bancorp earned a news sentiment score of 0.15 on Accern's scale. They also assigned headlines about the bank an impact score of 46.46 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are OFG Bancorp's major shareholders?
OFG Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.24%), Dimensional Fund Advisors LP (8.44%), JPMorgan Chase & Co. (3.18%), Russell Investments Group Ltd. (2.63%), Northern Trust Corp (1.95%) and Schwab Charles Investment Management Inc. (1.78%). 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 institutional investors are selling OFG Bancorp stock?
OFG stock was sold by a variety of institutional investors in the last quarter, including X Square Capital LLC, Thrivent Financial for Lutherans, New York State Common Retirement Fund, Schwab Charles Investment Management Inc., California Public Employees Retirement System, Federated Investors Inc. PA, KBC Group NV and JPMorgan Chase & Co.. View Insider Buying and Selling for OFG Bancorp.
Which institutional investors are buying OFG Bancorp stock?
OFG stock was acquired by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Russell Investments Group Ltd., Wells Fargo & Company MN, GSA Capital Partners LLP, Element Capital Management LLC, BlackRock Inc., Polaris Capital Management LLC and Susquehanna Fundamental Investments 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 $14.35.
How big of a company is OFG Bancorp?
OFG Bancorp has a market capitalization of $630.64 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.
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 (OFG)
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.
