OFG Bancorp - OFG Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "buy" OFG shares.
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2 brokerages have issued 12 month target prices for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they predict the company's share price to reach $32.67 in the next twelve months. This suggests a possible upside of 10.1% 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 $26.56 at the beginning of the year. Since then, OFG stock has increased by 11.7% and is now trading at $29.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our OFG earnings forecast.

OFG Bancorp (NYSE:OFG) issued its earnings results on Thursday, July, 21st. The bank reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. OFG Bancorp had a net margin of 25.87% and a trailing twelve-month return on equity of 14.64%. During the same period in the prior year, the business earned $0.78 EPS.

OFG Bancorp declared a quarterly dividend on Wednesday, July 27th. Investors of record on Friday, September 30th will be given a dividend of $0.20 per share on Monday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for OFG.

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.02%. 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 19.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 16.95% 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.59%), FMR LLC (4.38%), JPMorgan Chase & Co. (1.78%), Northern Trust Corp (1.39%), Deutsche Bank AG (0.77%) and Principal Financial Group Inc. (0.68%). 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.
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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 $29.68.

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.41 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.07 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.