NYSE:OFGOFG Bancorp Stock Price, Forecast & News

$13.14

+0.95 (+7.79 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$12.53

Now: $13.14▼

$13.37

50-Day Range

$10.11

MA: $11.74▼

$13.60

52-Week Range

$8.63

Now: $13.14▼

$24.95

Volume241,098 shs

Average Volume417,860 shs

Market Capitalization$675.65 million

P/E Ratio26.28

Dividend Yield2.30%

Beta1.69

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
OFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.00, OFG Bancorp has a potential upside of 113.1% from its current price of $13.14.
Amount of Analyst Coverage
OFG Bancorp has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
OFG Bancorp has received 258 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
OFG Bancorp has received 281 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
OFG Bancorp has received 52.13% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
OFG Bancorp is a leading dividend payer. It pays a dividend yield of 2.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
OFG Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of OFG Bancorp is 17.28 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 14.43 % next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OFG Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $302,280.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.49% of the stock of OFG Bancorp is held by insiders.
Percentage Held by Institutions
91.89% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for OFG Bancorp are expected to grow by 56.45% in the coming year, from $1.24 to $1.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OFG Bancorp is 26.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of OFG Bancorp is 26.28, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.62.
Price to Book Value per Share Ratio
OFG Bancorp has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.15 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:OFG

Previous Symbol

CUSIP67103X10

CIK1030469

Webwww.orientalbank.com

Phone787-771-6800

Debt

Debt-to-Equity Ratio0.16

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio26.28

Forward P/E Ratio10.60

P/E GrowthN/A

Sales & Book Value

Annual Sales$456.29 million

Price / Sales1.48

Cash Flow$2.29 per share

Price / Cash Flow5.73

Book Value$18.57 per share

Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$1.62

Net Income$53.84 million

Net Margins6.52%

Return on Equity6.55%

Return on Assets0.79%

Miscellaneous

Employees2,431

Outstanding Shares51,419,000

Market Cap$675.65 million

Next Earnings Date7/27/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OFG stock has decreased by 2.4% and is now trading at $13.14. View which stocks have been most 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 Monday, July 27th 2020. View our earnings forecast for OFG Bancorp.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) released its earnings results on Wednesday, April, 29th. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.01. The bank earned $136.55 million during the quarter, compared to analyst estimates of $142 million. OFG Bancorp had a net margin of 6.52% and a return on equity of 6.55%. 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 Wednesday, April 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.07 per share on Wednesday, July 15th. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, June 29th. View OFG Bancorp's dividend history.

What price target have analysts set for OFG?

2 brokerages have issued 12 month 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 113.1% from the stock's current price. View analysts' price targets for OFG Bancorp.

Has OFG Bancorp been receiving favorable news coverage?

Media headlines about OFG stock have trended very negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. OFG Bancorp earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutOFG Bancorp.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 918,300 shares, a decrease of 18.7% from the April 15th total of 1,130,000 shares. Based on an average daily volume of 429,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.8% 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?

Some companies that are related to OFG Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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 Coeur Mining (CDE).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.67%), State Street Corp (3.84%), X Square Capital LLC (2.47%), Nuveen Asset Management LLC (2.01%), Geode Capital Management LLC (1.56%) and Grantham Mayo Van Otterloo & Co. LLC (1.25%). 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 institutional investors are selling OFG Bancorp stock?

OFG stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, Wellington Management Group LLP, Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, JPMorgan Chase & Co., and Morgan Stanley. View insider buying and selling activity for OFG Bancorp.

Which institutional investors are buying OFG Bancorp stock?

OFG stock was bought by a variety of institutional investors in the last quarter, including AJO LP, Parametric Portfolio Associates LLC, State Street Corp, X Square Capital LLC, Russell Investments Group Ltd., Geode Capital Management LLC, Federated Hermes Inc., and Mackay Shields LLC. 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 $13.14.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $675.65 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.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is 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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff