OFG Bancorp Company Profile (NYSE:OFG)

About OFG Bancorp (NYSE:OFG)

OFG Bancorp logoOFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:OFG
  • CUSIP: 67103X10
  • Web: www.ofgbancorp.com
Capitalization:
  • Market Cap: $364.76 million
  • Outstanding Shares: 43,947,000
Average Prices:
  • 50 Day Moving Avg: $8.92
  • 200 Day Moving Avg: $9.86
  • 52 Week Range: $8.20 - $14.48
P/E:
  • Trailing P/E Ratio: 7.52
  • Foreward P/E Ratio: 7.28
  • P/E Growth: 0.92
Sales & Book Value:
  • Annual Revenue: $301.09 million
  • Price / Sales: 1.21
  • Book Value: $17.36 per share
  • Price / Book: 0.48
Dividend:
  • Annual Dividend: $0.24
  • Dividend Yield: 2.9%
Profitability:
  • Net Margins: 14.58%
  • Return on Equity: 8.36%
  • Return on Assets: 0.98%
Debt:
  • Debt-to-Equity Ratio: 0.23%
  • Current Ratio: 0.90%
  • Quick Ratio: 0.89%
Misc:
  • Average Volume: 227,883 shs.
  • Beta: 1.52
  • Short Ratio: 15.29
 

Frequently Asked Questions for OFG Bancorp (NYSE:OFG)

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 declared a quarterly dividend on Thursday, August 24th. Investors of record on Friday, September 29th will be given a dividend of $0.06 per share on Monday, October 16th. This represents a $0.24 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 28th. View OFG Bancorp's Dividend History.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Friday, April, 21st. The company reported $0.26 EPS for the quarter, meeting the Zacks' consensus estimate of $0.26. The business had revenue of $93.69 million for the quarter, compared to analyst estimates of $87.50 million. OFG Bancorp had a return on equity of 8.36% and a net margin of 14.58%. During the same quarter last year, the firm posted $0.24 EPS. View OFG Bancorp's Earnings History.

When will OFG Bancorp make its next earnings announcement?

OFG Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for OFG Bancorp.

Where is OFG Bancorp's stock going? Where will OFG Bancorp's stock price be in 2017?

2 brokerages have issued 1-year price targets for OFG Bancorp's shares. Their forecasts range from $11.50 to $14.00. On average, they anticipate OFG Bancorp's share price to reach $12.75 in the next twelve months. View Analyst Ratings for OFG Bancorp.

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:

  • Julian S. Inclan, Independent Chairman of the Board
  • Jose Rafael Fernandez, Vice Chairman of the Board, President, Chief Executive Officer
  • Maritza Arizmendi, Chief Financial Officer, Executive Vice President
  • Ganesh Kumar, Chief Operating Officer, Senior Executive Vice President
  • Cesar A. Ortiz CPA, J.D., Esq, Senior Vice President, Chief Risk Officer
  • Ramon Rosado Esq, Senior Vice President, Treasurer
  • Nestor De Jesus, Director
  • Juan Carlos Aguayo, Independent Director
  • Francisco J. Arrivi, Independent Director
  • Jorge Colon Gerena, Independent Director

How do I buy OFG Bancorp stock?

Shares of OFG Bancorp can be purchased through any online brokerage account. Popular online brokerages 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 Bancorp stock can currently be purchased for approximately $8.30.


MarketBeat Community Rating for OFG Bancorp (NYSE OFG)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  94 (Vote Outperform)
Underperform Votes:  98 (Vote Underperform)
Total Votes:  192
MarketBeat's community ratings are surveys of what our community members think about OFG Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for OFG Bancorp (NYSE:OFG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $12.75 (53.61% upside)
Consensus Price Target History for OFG Bancorp (NYSE:OFG)
Price Target History for OFG Bancorp (NYSE:OFG)
Analysts' Ratings History for OFG Bancorp (NYSE:OFG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Piper Jaffray CompaniesReiterated RatingHold$11.50N/AView Rating Details
4/13/2017Keefe, Bruyette & WoodsReiterated RatingHold$14.00HighView Rating Details
4/25/2016Merion Capital GroupBoost Price TargetOutperform$6.75 -> $9.75N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for OFG Bancorp (NYSE:OFG)
Earnings by Quarter for OFG Bancorp (NYSE:OFG)
Earnings History by Quarter for OFG Bancorp (NYSE OFG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.28N/AView Earnings Details
7/21/20176/30/2017$0.26$0.30$90.95 million$100.45 millionViewN/AView Earnings Details
4/21/20173/31/2017$0.26$0.26$87.50 million$93.69 millionViewN/AView Earnings Details
1/31/2017Q416$0.26$0.27$79.00 million$92.16 millionViewN/AView Earnings Details
10/21/2016Q316$0.25$0.26$72.66 million$97.14 millionViewListenView Earnings Details
7/22/2016Q2$0.25$0.25$89.20 million$88.47 millionViewListenView Earnings Details
4/22/2016Q116$0.24$0.24$92.60 million$88.48 millionViewListenView Earnings Details
2/1/2016Q415$0.28$0.21$94.70 million$89.89 millionViewN/AView Earnings Details
10/23/2015Q315$0.08$0.03$98.80 million$95.03 millionViewListenView Earnings Details
7/24/2015Q2$0.28($0.15)$95.60 million$77.64 millionViewListenView Earnings Details
4/24/2015Q115$0.39$0.21$95.40 million$96.52 millionViewN/AView Earnings Details
1/30/2015Q414$0.35$0.36$101.30 million$106.22 millionViewN/AView Earnings Details
10/23/2014Q314$0.38$0.34$102.50 million$104.36 millionViewN/AView Earnings Details
7/23/2014Q214$0.38$0.38$103.20 million$106.59 millionViewN/AView Earnings Details
4/28/2014Q114$0.34$0.42$109.76 million$108.68 millionViewN/AView Earnings Details
2/3/2014Q413$0.40$0.35$94.35 millionViewN/AView Earnings Details
10/28/2013Q313$0.40$0.34$93.98 millionViewN/AView Earnings Details
7/22/2013Q2 2013$0.37$0.68$89.16 millionViewN/AView Earnings Details
4/25/2013Q1 2013$0.38$0.37$81.19 millionViewN/AView Earnings Details
2/7/2013Q4 2012$0.12$0.35$36.54 millionViewN/AView Earnings Details
10/24/2012$0.17$0.35ViewN/AView Earnings Details
7/23/2012$0.29$0.34ViewN/AView Earnings Details
4/23/2012$0.19$0.23ViewN/AView Earnings Details
10/25/2011$0.27$0.35ViewN/AView Earnings Details
4/29/2011$0.13$0.04ViewN/AView Earnings Details
2/3/2011$0.28$0.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for OFG Bancorp (NYSE:OFG)
Current Year EPS Consensus Estimate: $1.12 EPS
Next Year EPS Consensus Estimate: $1.14 EPS

Dividends

Current Dividend Information for OFG Bancorp (NYSE:OFG)
Most Recent Dividend:10/16/2017
Annual Dividend:$0.24
Dividend Yield:2.89%
Dividend Growth:-9.10% (3 Year Average)
Payout Ratio:22.02% (Trailing 12 Months of Earnings)
21.43% (Based on This Year's Estimates)
21.05% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for OFG Bancorp (NYSE:OFG)

Dividend History by Quarter for OFG Bancorp (NYSE OFG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/24/2017quarterly$0.062.65%9/28/20179/29/201710/16/2017
5/25/2017quarterly$0.062.47%6/28/20176/30/20177/17/2017
2/24/2017quarterly$0.061.81%3/29/20173/31/20174/17/2017
12/1/2016quarterly$0.061.76%12/28/201612/30/20161/17/2017
8/25/2016quarterly$0.062.2%9/28/20169/30/201610/17/2016
5/26/2016quarterly$0.062.69%6/28/20166/30/20167/15/2016
2/25/2016quarterly$0.064.55%3/24/20163/29/20164/15/2016
11/19/2015quarterly$0.062.72%12/29/201512/31/20151/15/2016
9/2/2015quarterly$0.104.52%9/28/20159/30/201510/15/2015
5/28/2015quarterly$0.103.01%6/26/20156/30/20157/15/2015
2/27/2015quarterly$0.102.29%3/27/20153/31/20154/15/2015
11/19/2014quarterly$0.102.08%12/29/201412/31/20141/15/2015
8/27/2014quarterly$0.082.02%9/26/20149/30/201410/15/2014
5/28/2014quarterly$0.081.78%6/26/20146/30/20147/15/2014
2/26/2014quarterly$0.081.99%3/26/20143/28/20144/15/2014
12/5/2013quarterly$0.081.9%12/27/201312/31/20131/15/2014
8/29/2013quarterly$0.061.4%9/26/20139/30/201310/15/2013
5/23/2013quarterly$0.061.37%6/26/20136/28/20137/15/2013
2/25/2013quarterly$0.061.57%3/26/20133/28/20134/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for OFG Bancorp (NYSE:OFG)
Insider Ownership Percentage: 2.56%
Institutional Ownership Percentage: 97.00%
Insider Trades by Quarter for OFG Bancorp (NYSE:OFG)
Institutional Ownership by Quarter for OFG Bancorp (NYSE:OFG)
Insider Trades by Quarter for OFG Bancorp (NYSE:OFG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/20/2017Radames PenaDirectorSell6,000$23.72$142,320.00View SEC Filing  
3/2/2017Carlos SouffrontGeneral CounselSell10,000$13.49$134,900.00View SEC Filing  
3/2/2017Ganesh KumarCFOSell17,036$13.12$223,512.32View SEC Filing  
3/2/2017Jose Rafael FernandezCEOSell21,700$13.38$290,346.00View SEC Filing  
2/14/2017Radames PenaDirectorSell10,000$13.42$134,200.00View SEC Filing  
2/3/2017Julian InclanDirectorSell5,000$13.38$66,900.00View SEC Filing  
12/27/2016Carlos SouffrontGeneral CounselSell18,702$13.68$255,843.36View SEC Filing  
12/21/2016Jose Rafael FernandezCEOSell32,980$13.86$457,102.80View SEC Filing  
4/1/2016Rafael MartinezDirectorBuy7,000$6.99$48,930.00View SEC Filing  
2/16/2016Radames PenaDirectorBuy5,000$5.55$27,750.00View SEC Filing  
2/11/2016Radames PenaDirectorBuy5,000$4.69$23,450.00View SEC Filing  
2/4/2016Maritza ArizmendiCAOBuy4,000$5.65$22,600.00View SEC Filing  
1/29/2016Pedro MorazzaniDirectorBuy1,370$5.40$7,398.00View SEC Filing  
1/15/2016Pedro MorazzaniDirectorBuy3,000$5.98$17,940.00View SEC Filing  
1/12/2016Ganesh KumarCFOBuy3,734$6.04$22,553.36View SEC Filing  
1/11/2016Julian InclanDirectorBuy5,000$6.20$31,000.00View SEC Filing  
1/7/2016Jose Rafael FernandezCEOBuy3,000$6.82$20,460.00View SEC Filing  
12/16/2015Cesar A. OrtizSVPBuy600$6.54$3,924.00View SEC Filing  
12/11/2015Ganesh KumarCFOBuy5,000$6.73$33,650.00View SEC Filing  
12/11/2015Jorge ColonDirectorBuy6,000$6.74$40,440.00View SEC Filing  
12/9/2015Jose Rafael FernandezCEOBuy5,000$6.64$33,200.00View SEC Filing  
12/7/2015Ganesh KumarCFOSell1,100$18.01$19,811.00View SEC Filing  
9/2/2015Cesar A OrtizSVPBuy1,000$7.75$7,750.00View SEC Filing  
8/27/2015Josen RossiDirectorBuy7,000$6.90$48,300.00View SEC Filing  
3/4/2015Rafael MartinezDirectorBuy1,000$16.95$16,950.00View SEC Filing  
2/24/2015Josen RossiDirectorSell6,829$17.40$118,824.60View SEC Filing  
2/12/2015Josen RossiDirectorSell5,000$17.50$87,500.00View SEC Filing  
6/19/2014Rafael MartinezDirectorBuy1,065$18.85$20,075.25View SEC Filing  
6/18/2014Radames PenaDirectorBuy5,000$18.48$92,400.00View SEC Filing  
6/3/2014Norberto GonzalezEVPSell3,500$18.36$64,260.00View SEC Filing  
5/1/2014Norberto GonzalezEVPSell2,000$17.25$34,500.00View SEC Filing  
4/30/2014Rafael MartinezDirectorBuy2,965$16.85$49,960.25View SEC Filing  
3/13/2014Norberto GonzalezEVPSell4,000$17.05$68,200.00View SEC Filing  
11/1/2013Rafael MartinezDirectorBuy1,000$14.86$14,860.00View SEC Filing  
12/24/2012Julian InclanDirectorBuy5,000$12.93$64,650.00View SEC Filing  
12/12/2012Ganesh KumarCFOBuy2,645$12.37$32,718.65View SEC Filing  
11/30/2012Jose Rafael FernandezCEOBuy3,000$11.72$35,160.00View SEC Filing  
11/23/2012Jose Rafael FernandezCEOBuy5,000$11.64$58,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for OFG Bancorp (NYSE:OFG)
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Chart

OFG Bancorp (OFG) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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