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

$11.70
+0.29 (+2.54 %)
(As of 03/29/2020 05:49 AM ET)
Today's Range
$10.60
Now: $11.70
$11.89
50-Day Range
$9.32
MA: $16.25
$20.76
52-Week Range
$8.63
Now: $11.70
$24.95
Volume659,383 shs
Average Volume549,525 shs
Market Capitalization$601.61 million
P/E Ratio12.72
Dividend Yield2.45%
Beta1.68
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; financial planning, insurance, financial services, and investment brokerage; and 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 trust, retirement planning, 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, and money market instruments. The company operates through a network of 37 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
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OFG Bancorp logo

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$456.29 million
Cash Flow$2.19 per share
Book Value$18.57 per share

Profitability

Net Income$53.84 million

Miscellaneous

Employees2,431
Market Cap$601.61 million
Next Earnings Date4/16/2020 (Estimated)
OptionableOptionable

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OFG Bancorp (NYSE:OFG) Frequently Asked Questions

How has OFG Bancorp's stock been impacted by COVID-19 (Coronavirus)?

OFG Bancorp's stock was trading at $13.46 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, OFG stock has decreased by 13.1% and is now trading at $11.70. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of OFG Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for OFG Bancorp.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. 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 Wednesday, January, 29th. The bank reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.37. The bank earned $98.92 million during the quarter. OFG Bancorp had a return on equity of 8.83% and a net margin of 11.88%. 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 Monday, January 27th. Investors of record on Tuesday, March 31st will be given a dividend of $0.07 per share on Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, March 30th. 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 shares. Their forecasts range from $28.00 to $28.00. On average, they expect OFG Bancorp's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 139.3% from the stock's current price. View analysts' price targets for OFG Bancorp.

Has OFG Bancorp been receiving favorable news coverage?

News stories about OFG stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. OFG Bancorp earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutOFG Bancorp.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decline in short interest in March. As of March 13th, there was short interest totaling 1,492,800 shares, a decline of 9.0% from the February 27th total of 1,640,000 shares. Based on an average daily volume of 297,500 shares, the days-to-cover ratio is currently 5.0 days. Approximately 2.9% of the shares of the company are sold short. View OFG Bancorp's Current Options Chain.

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 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 Chaarat Gold (CGH).

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following 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. Rafael Cruz Eng., Sr. VP and Chief Risk & Compliance Officer (Age 63)
  • Mr. César A. Ortiz CPA, CPA, Esq., Sr. VP and Director of Commercial Credit & Operations (Age 44)

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 many different retail and institutional investors. Top institutional investors include FMR LLC (5.34%), State Street Corp (3.54%), LSV Asset Management (2.85%), Nuveen Asset Management LLC (2.37%), X Square Capital LLC (2.26%) and Geode Capital Management LLC (1.45%). Company insiders that own OFG Bancorp stock include Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, Julian Inclan and Rafael Cruz. 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 AJO LP, Nuveen Asset Management LLC, LSV Asset Management, Mackay Shields LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, and Alyeska Investment Group L.P.. View insider buying and selling activity 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 Kennedy Capital Management Inc., Goldman Sachs Group Inc., Knights of Columbus Asset Advisors LLC, Zweig DiMenna Associates LLC, Bank of America Corp DE, Charles Schwab Investment Management Inc., Great West Life Assurance Co. Can, and State Street Corp. Company insiders that have bought OFG Bancorp stock in the last two years include Edwin Perez, Ganesh Kumar, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez, and Julian Inclan. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $11.70.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $601.61 million and generates $456.29 million in revenue each year. The bank earns $53.84 million in net income (profit) each year or $1.62 on an earnings per share basis. OFG Bancorp employs 2,431 workers across the globe. View additional information about OFG Bancorp.

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:  256 (Vote Outperform)
Underperform Votes:  279 (Vote Underperform)
Total Votes:  535
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 3/29/2020 by MarketBeat.com Staff

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