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Biden's pick to lead FAA withdraws amid shaky Senate support
Bank Accounts: Frozen! (Ad)
Berlin climate proposal fails to get enough yes votes to win
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Bank Accounts: Frozen! (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Biden's pick to lead FAA withdraws amid shaky Senate support
Bank Accounts: Frozen! (Ad)
Berlin climate proposal fails to get enough yes votes to win
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Bank Accounts: Frozen! (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Biden's pick to lead FAA withdraws amid shaky Senate support
Bank Accounts: Frozen! (Ad)
Berlin climate proposal fails to get enough yes votes to win
Adele extends Las Vegas residency, plans concert film
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Bank Accounts: Frozen! (Ad)
New Russian campaign tries to entice men to fight in Ukraine
Factory or farm? Oregon may alter land use for chipmakers
Urgent Warning (Ad)
Travel disruption hits Germany on eve of transport strike
Biden's pick to lead FAA withdraws amid shaky Senate support
Bank Accounts: Frozen! (Ad)
Berlin climate proposal fails to get enough yes votes to win
Adele extends Las Vegas residency, plans concert film
NYSE:OFG

OFG Bancorp - OFG Stock Forecast, Price & News

$25.82
+0.82 (+3.28%)
(As of 03/24/2023 12:00 AM ET)
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Compare
Today's Range
$24.57
$25.87
50-Day Range
$25.00
$30.42
52-Week Range
$24.39
$30.52
Volume
275,222 shs
Average Volume
485,594 shs
Market Capitalization
$1.23 billion
P/E Ratio
7.51
Dividend Yield
3.10%
Price Target
$33.00

OFG Bancorp MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
27.8% Upside
$33.00 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$2.76 M Sold Last Quarter
Proj. Earnings Growth
2.26%
From $3.54 to $3.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Finance Sector

720th out of 883 stocks

State Commercial Banks Industry

172nd out of 184 stocks


OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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OFG Stock News Headlines

StockNews.com Initiates Coverage on OFG Bancorp (NYSE:OFG)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
OFG Bancorp (NYSE:OFG) Q4 2022 Earnings Call Transcript
OFG Bancorp (OFG) Q4 2022 Earnings Call Transcript
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
OFG Bancorp Reports 4Q22 & 2022 Results
Bridgewater (BWB) Lags Q4 Earnings and Revenue Estimates
Preview: OFG Bancorp's Earnings
Should Value Investors Buy OFG Bancorp (OFG) Stock?
Are Investors Undervaluing OFG Bancorp (OFG) Right Now?
Bullish insiders bet US$1.5m on OFG Bancorp (NYSE:OFG)
OFG Bancorp Reports 3Q22 Results
OFG Bancorp (OFG) Q3 Earnings and Revenues Beat Estimates
Earnings Scheduled For October 20, 2022
Earnings Outlook For OFG Bancorp
See More Headlines
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OFG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
3/26/2023
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,253
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$166.24 million
Pretax Margin
37.71%

Debt

Sales & Book Value

Annual Sales
$641.30 million
Cash Flow
$4.07 per share
Book Value
$21.92 per share

Miscellaneous

Free Float
46,433,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.07

Key Executives

  • José Rafael Fernández
    Vice Chairman, President & Chief Executive Officer
  • Ganesh Kumar
    Chief Operating Officer & Senior Executive VP
  • Maritza Arizmendi Diaz
    Chief Financial Officer & Executive Vice President
  • José E. Cabrera Lázaro
    Chief Risk & Compliance Officer
  • Ramón A. Rosado-Linera
    Senior Vice President & Director-US Loan Program













OFG Stock - Frequently Asked Questions

What is OFG Bancorp's stock price forecast for 2023?

0 brokerages have issued 12-month price targets for OFG Bancorp's shares. 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 year. This suggests a possible upside of 27.8% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2023?

OFG Bancorp's stock was trading at $27.56 on January 1st, 2023. Since then, OFG stock has decreased by 6.3% and is now trading at $25.82.
View the best growth stocks for 2023 here
.

When is OFG Bancorp's next earnings date?

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

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its quarterly earnings results on Tuesday, October, 19th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The bank earned $134.72 million during the quarter, compared to analyst estimates of $131.90 million. OFG Bancorp had a net margin of 25.92% and a trailing twelve-month return on equity of 16.25%. During the same period in the prior year, the firm posted $0.50 EPS.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.20%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 22.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

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.

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 Coeur Mining (CDE).

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 a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.22%), Barrow Hanley Mewhinney & Strauss LLC (4.76%), LSV Asset Management (4.45%), JPMorgan Chase & Co. (2.89%), Stilwell Value LLC (2.05%) and Geode Capital Management LLC (1.83%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani.
View institutional ownership trends
.

How do I buy shares of OFG Bancorp?

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.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $25.82.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.23 billion and generates $641.30 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.44 on an earnings per share basis.

How many employees does OFG Bancorp have?

The company employs 2,253 workers across the globe.

How can I contact OFG Bancorp?

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.

This page (NYSE:OFG) was last updated on 3/26/2023 by MarketBeat.com Staff