OFG Bancorp - OFG Stock Forecast, Price & News

0 analysts have issued 1-year target prices for OFG Bancorp's stock. Their OFG share price forecasts range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for OFG or view top-rated stocks among Wall Street analysts.

OFG Bancorp's stock was trading at $27.56 on January 1st, 2023. Since then, OFG shares have increased by 0.8% and is now trading at $27.78.
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OFG Bancorp saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 502,000 shares, a drop of 24.6% from the December 15th total of 665,400 shares. Based on an average trading volume of 234,700 shares, the short-interest ratio is currently 2.1 days. Currently, 1.1% of the company's stock are sold short.
View OFG Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our OFG earnings forecast.

OFG Bancorp (NYSE:OFG) announced its earnings results on Tuesday, October, 19th. The bank reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank had revenue of $134.72 million for the quarter, compared to the consensus estimate of $131.90 million. OFG Bancorp had a trailing twelve-month return on equity of 14.88% and a net margin of 25.03%. During the same quarter in the previous year, the business posted $0.50 EPS.

OFG Bancorp declared a quarterly dividend on Wednesday, January 25th. Investors of record on Friday, March 31st will be given a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for OFG.

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.89%. 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 25.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 22.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

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.

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).

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

OFG Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.61%), Range Financial Group LLC (0.10%), Alpha DNA Investment Management LLC (0.08%), Yousif Capital Management LLC (0.07%), New York State Teachers Retirement System (0.06%) and Natixis Advisors L.P. (0.06%). 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.

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.
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One share of OFG stock can currently be purchased for approximately $27.78.

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.32 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.13 on an earnings per share basis.

The company employs 2,269 workers across the globe.

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.