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DOW   32,223.42
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S&P 500   4,008.01
DOW   32,223.42
QQQ   298.44
S&P 500   4,008.01
DOW   32,223.42
QQQ   298.44
S&P 500   4,008.01
DOW   32,223.42
QQQ   298.44
NYSE:OFG

OFG Bancorp (OFG) Stock Forecast, Price & News

$27.30
-0.06 (-0.22%)
(As of 05/16/2022 04:00 PM ET)
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Today's Range
$26.52
$27.61
50-Day Range
$25.44
$28.05
52-Week Range
$19.78
$30.93
Volume
358,437 shs
Average Volume
323,513 shs
Market Capitalization
$1.33 billion
P/E Ratio
9.07
Dividend Yield
2.19%
Beta
1.21
30 days | 90 days | 365 days | Advanced Chart
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OFG Bancorp logo

About OFG Bancorp

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.

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$578.46 million
Cash Flow
$3.28 per share
Book Value
$21.54 per share

Profitability

Net Income
$146.15 million
Pretax Margin
38.41%

Debt

Price-To-Earnings

Miscellaneous

Free Float
47,309,000
Market Cap
$1.33 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/18 Dividend
3/30/2022
Dividend Payable
4/18/2022
Last Earnings
4/21/2022
Today
5/17/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

3.05 out of 5 stars

Finance Sector

133rd out of 1,380 stocks

State Commercial Banks Industry

34th out of 240 stocks

Analyst Opinion: 2.5Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -













OFG Bancorp (NYSE:OFG) Frequently Asked Questions

Is OFG Bancorp a buy right now?

2 Wall Street 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 research analysts is that investors should "buy" OFG Bancorp stock.
View analyst ratings for OFG Bancorp
or view top-rated stocks.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for OFG Bancorp
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) issued its quarterly earnings data on Thursday, April, 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.12. The bank earned $136.40 million during the quarter, compared to the consensus estimate of $132.50 million. OFG Bancorp had a net margin of 26.28% and a trailing twelve-month return on equity of 14.53%. During the same quarter last year, the business posted $0.56 EPS.
View OFG Bancorp's earnings history
.

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

OFG Bancorp declared a quarterly dividend on Wednesday, April 27th. Investors of record on Thursday, June 30th will be paid a dividend of $0.15 per share on Friday, July 15th. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, June 29th.
View OFG Bancorp's dividend history
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.19%. OFG Bancorp 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 of OFG Bancorp is 19.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 17.80% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.
View OFG Bancorp's dividend history.

What price target have analysts set for OFG?

2 brokerages have issued 1-year target prices for OFG Bancorp's stock. Their forecasts range from $32.00 to $33.00. On average, they anticipate OFG Bancorp's share price to reach $32.50 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for OFG Bancorp
or view top-rated stocks among Wall Street analysts.

Who are OFG Bancorp's key executives?
OFG Bancorp's management team includes the following people:
  • Mr. Jose Rafael Fernandez, Pres, CEO & Vice Chairman (Age 58, Pay $1.94M)
  • Ms. Maritza Arizmendi Diaz CPA, CPA, Esq., Chief Financial Officer (Age 54, Pay $636.76k)
  • Dr. Ganesh Kumar, Chief Operating Officer (Age 58, Pay $1.41M)
  • Mr. Jose E. Cabrera Lazaro, Chief Risk & Compliance Officer (Age 51, Pay $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, C.I.S.A., Sr. VP and Sr. VP of Branch Admin. (Age 61)
  • General Carlos A. Viña CPA, Sr. VP of Oriental Insurance (Age 55)
What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp CEO José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among OFG Bancorp'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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.86%), Vanguard Group Inc. (12.06%), Dimensional Fund Advisors LP (7.90%), State Street Corp (4.73%), LSV Asset Management (2.47%) and Wellington Management Group LLP (1.71%). Company insiders that own OFG Bancorp stock include Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani.
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 Wellington Management Group LLP, Goldman Sachs Group Inc., Monarch Partners Asset Management LLC, SG Americas Securities LLC, X Square Capital LLC, Russell Investments Group Ltd., Northern Trust Corp, and Jacobs Asset Management LLC.
View insider buying and selling activity for OFG Bancorp
or view top insider-selling stocks.

Which major investors are buying OFG Bancorp stock?

OFG stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Jupiter Asset Management Ltd., State Street Corp, Invesco Ltd., American Century Companies Inc., Qube Research & Technologies Ltd, Hsbc Holdings PLC, and Quantedge Capital Pte Ltd. Company insiders that have bought OFG Bancorp stock in the last two years include Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, and Maritza Arizmendi.
View insider buying and selling activity for OFG Bancorp
or or view top insider-buying stocks.

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 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 $27.30.

How much money does OFG Bancorp make?

OFG Bancorp has a market capitalization of $1.33 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.009990 on an earnings per share basis.

How many employees does OFG Bancorp have?

OFG Bancorp employs 2,269 workers across the globe.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is 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, via email at [email protected], or via fax at 787-771-6770.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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