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

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$19.14 -0.60 (-3.04 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$19.14
Today's Range$19.05 - $19.68
52-Week Range$10.30 - $21.64
Volume365,645 shs
Average Volume340,197 shs
Market Capitalization$982.26 million
P/E Ratio12.59
Dividend Yield1.46%
Beta1.5
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

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP67103X10
Phone787-771-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$440.51 million
Cash Flow$2.0471 per share
Book Value$17.70 per share

Profitability

Net Income$84.41 million

Miscellaneous

Employees1,392
Market Cap$982.26 million
Next Earnings Date4/19/2019 (Estimated)
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, February 28th. Investors of record on Friday, March 29th will be paid a dividend of $0.07 per share on Monday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, March 28th. View OFG Bancorp's Dividend History.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) released its quarterly earnings data on Tuesday, January, 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.04. The bank had revenue of $106.29 million for the quarter, compared to the consensus estimate of $98.30 million. OFG Bancorp had a net margin of 19.16% and a return on equity of 10.38%. 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 Friday, April 19th 2019. View Earnings Estimates for OFG Bancorp.

What price target have analysts set for OFG?

3 brokers have issued 12 month target prices for OFG Bancorp's shares. Their predictions range from $14.00 to $19.00. On average, they expect OFG Bancorp's share price to reach $17.00 in the next twelve months. This suggests that the stock has a possible downside of 11.2%. 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. " (1/25/2019)
  • 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?

News stories about OFG stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OFG Bancorp earned a news impact score of 0.2 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the near term.

Who are some of OFG Bancorp's key competitors?

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 Cleveland-Cliffs (CLF), Intelsat (I), Callon Petroleum (CPE), Fossil Group (FOSL), Range Resources (RRC), First Data (FDC), Associated British Foods (ABF), Cypress Semiconductor (CY), Bank of America (BAC) and Chaarat Gold (CGH).

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 55)
  • Ms. Maritza Arizmendi Díaz CPA, Esq., Exec. VP & CFO (Age 51)
  • Dr. Ganesh Kumar, Sr. EVP, COO and Head of Retail Banking & Bus. Devel. (Age 55)
  • Mr. César A. Ortiz CPA, Esq., Sr. VP & Chief Risk Officer (Age 44)
  • Mr. Ramón A. Rosado-Linera, Sr. VP & Director of the U.S. Loan Program (Age 55)

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.80%), Dimensional Fund Advisors LP (7.29%), FMR LLC (4.95%), Stilwell Value LLC (4.07%), LSV Asset Management (3.56%) and Northern Trust Corp (1.67%). Company insiders that own OFG Bancorp stock include Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez and Julian Inclan. 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 Boston Advisors LLC, Mackay Shields LLC, Bank of America Corp DE, GSA Capital Partners LLP, State Board of Administration of Florida Retirement System, Barrow Hanley Mewhinney & Strauss LLC, Barclays PLC and SG Americas Securities LLC. View Insider Buying and Selling for OFG Bancorp.

Which major investors are buying OFG Bancorp stock?

OFG stock was acquired by a variety of institutional investors in the last quarter, including Stilwell Value LLC, WINTON GROUP Ltd, Two Sigma Investments LP, BlackRock Inc., LSV Asset Management, Two Sigma Advisers LP, Millennium Management LLC and 361 Capital LLC. Company insiders that have bought OFG Bancorp stock in the last two years include Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez and Julian Inclan. 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 $19.14.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $982.26 million and generates $440.51 million in revenue each year. The bank earns $84.41 million in net income (profit) each year or $1.52 on an earnings per share basis. OFG Bancorp employs 1,392 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:  198 (Vote Outperform)
Underperform Votes:  208 (Vote Underperform)
Total Votes:  406
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 3/24/2019 by MarketBeat.com Staff

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