About OFG Bancorp (NYSE:OFG)
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NYSE:OFG
- CUSIP: 67103X10
- Web: www.ofgbancorp.com
- Market Cap: $358.17 million
- Outstanding Shares: 43,947,000
- 50 Day Moving Avg: $8.92
- 200 Day Moving Avg: $9.86
- 52 Week Range: $8.10 - $14.48
Sales & Book Value:
- Trailing P/E Ratio: 7.52
- Foreward P/E Ratio: 7.15
- P/E Growth: 0.92
- Annual Revenue: $301.09 million
- Price / Sales: 1.19
- Book Value: $17.36 per share
- Price / Book: 0.47
- Annual Dividend: $0.24
- Dividend Yield: 2.9%
- Net Margins: 14.58%
- Return on Equity: 8.36%
- Return on Assets: 0.98%
- Debt-to-Equity Ratio: 0.23%
- Current Ratio: 0.90%
- Quick Ratio: 0.89%
- Average Volume: 227,883 shs.
- Beta: 1.52
- Short Ratio: 15.29
Frequently Asked Questions for OFG Bancorp (NYSE:OFG)
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, August 24th. Stockholders of record on Friday, September 29th will be given a dividend of $0.06 per share on Monday, October 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, September 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 Friday, April, 21st. The company reported $0.26 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.26. The company earned $93.69 million during the quarter, compared to the consensus estimate of $87.50 million. OFG Bancorp had a return on equity of 8.36% and a net margin of 14.58%. During the same period in the previous year, the company posted $0.24 earnings per share. View OFG Bancorp's Earnings History.
When will OFG Bancorp make its next earnings announcement?
Where is OFG Bancorp's stock going? Where will OFG Bancorp's stock price be in 2017?
2 analysts have issued 1-year target prices for OFG Bancorp's stock. Their forecasts range from $11.50 to $14.00. On average, they expect OFG Bancorp's stock price to reach $12.75 in the next twelve months. View Analyst Ratings for OFG Bancorp.
Who are some of OFG Bancorp's key competitors?
Some companies that are related to OFG Bancorp include Camden National Corporation (CAC), Bridge Bancorp (BDGE), Park Sterling Corporation (PSTB), CU Bancorp (CA) (CUNB), First Foundation (FFWM), Fidelity Southern Corporation (LION), Peoples Bancorp (PEBO), Carolina Financial Corporation (CARO), Access National Corporation (ANCX), People's Utah Bancorp (PUB), First Defiance Financial Corp. (FDEF), Blue Hills Bancorp (BHBK), Southwest Bancorp (OKSB), Allegiance Bancshares (ABTX), HomeTrust Bancshares (HTBI), Independent Bank Corporation (IBCP), The Bancorp (TBBK) and United Community Financial Corp. (UCFC).
Who are OFG Bancorp's key executives?
OFG Bancorp's management team includes the folowing people:
- Julian S. Inclan, Independent Chairman of the Board
- Jose Rafael Fernandez, Vice Chairman of the Board, President, Chief Executive Officer
- Maritza Arizmendi, Chief Financial Officer, Executive Vice President
- Ganesh Kumar, Chief Operating Officer, Senior Executive Vice President
- Cesar A. Ortiz CPA, J.D., Esq, Senior Vice President, Chief Risk Officer
- Ramon Rosado Esq, Senior Vice President, Treasurer
- Nestor De Jesus, Director
- Juan Carlos Aguayo, Independent Director
- Francisco J. Arrivi, Independent Director
- Jorge Colon Gerena, Independent Director
Who owns OFG Bancorp stock?
OFG Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.17%). Company insiders that own OFG Bancorp stock include Carlos Souffront, Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez. View Institutional Ownership Trends for OFG Bancorp.
Who bought OFG Bancorp stock? Who is buying OFG Bancorp stock?
OFG Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio. Company insiders that have bought OFG Bancorp stock in the last two years include Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi, Pedro Morazzani, Radames Pena and Rafael Martinez. View Insider Buying and Selling for OFG Bancorp.
How do I buy OFG Bancorp stock?
Shares of OFG Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is OFG Bancorp's stock price today?
MarketBeat Community Rating for OFG Bancorp (NYSE OFG)MarketBeat's community ratings are surveys of what our community members think about OFG Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of OFG Bancorp stock can currently be purchased for approximately $8.15.
Consensus Ratings for OFG Bancorp (NYSE:OFG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$12.75 (56.44% upside)|Consensus Price Target History for OFG Bancorp (NYSE:OFG)
Analysts' Ratings History for OFG Bancorp (NYSE:OFG)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/6/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$11.50||N/A|
|4/13/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$14.00||High|
|4/25/2016||Merion Capital Group||Boost Price Target||Outperform||$6.75 -> $9.75||N/A|
Earnings History for OFG Bancorp (NYSE:OFG)Earnings History by Quarter for OFG Bancorp (NYSE OFG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/21/2017||6/30/2017||$0.26||$0.30||$90.95 million||$100.45 million||View||N/A|
|4/21/2017||3/31/2017||$0.26||$0.26||$87.50 million||$93.69 million||View||N/A|
|1/31/2017||Q416||$0.26||$0.27||$79.00 million||$92.16 million||View||N/A|
|10/21/2016||Q316||$0.25||$0.26||$72.66 million||$97.14 million||View||Listen|
|7/22/2016||Q2||$0.25||$0.25||$89.20 million||$88.47 million||View||Listen|
|4/22/2016||Q116||$0.24||$0.24||$92.60 million||$88.48 million||View||Listen|
|2/1/2016||Q415||$0.28||$0.21||$94.70 million||$89.89 million||View||N/A|
|10/23/2015||Q315||$0.08||$0.03||$98.80 million||$95.03 million||View||Listen|
|7/24/2015||Q2||$0.28||($0.15)||$95.60 million||$77.64 million||View||Listen|
|4/24/2015||Q115||$0.39||$0.21||$95.40 million||$96.52 million||View||N/A|
|1/30/2015||Q414||$0.35||$0.36||$101.30 million||$106.22 million||View||N/A|
|10/23/2014||Q314||$0.38||$0.34||$102.50 million||$104.36 million||View||N/A|
|7/23/2014||Q214||$0.38||$0.38||$103.20 million||$106.59 million||View||N/A|
|4/28/2014||Q114||$0.34||$0.42||$109.76 million||$108.68 million||View||N/A|
|7/22/2013||Q2 2013||$0.37||$0.68||$89.16 million||View||N/A|
|4/25/2013||Q1 2013||$0.38||$0.37||$81.19 million||View||N/A|
|2/7/2013||Q4 2012||$0.12||$0.35||$36.54 million||View||N/A|
Earnings Estimates for OFG Bancorp (NYSE:OFG)
Current Year EPS Consensus Estimate: $1.12 EPS
Next Year EPS Consensus Estimate: $1.14 EPS
Current Dividend Information for OFG Bancorp (NYSE:OFG)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||-9.10% (3 Year Average)|
|Payout Ratio:||22.02% (Trailing 12 Months of Earnings) |
21.43% (Based on This Year's Estimates)
21.05% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for OFG Bancorp (NYSE OFG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for OFG Bancorp (NYSE:OFG)
Insider Ownership Percentage: 2.56%Insider Trades by Quarter for OFG Bancorp (NYSE:OFG)
Institutional Ownership Percentage: 97.00%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/20/2017||Radames Pena||Director||Sell||6,000||$23.72||$142,320.00|| |
|3/2/2017||Carlos Souffront||General Counsel||Sell||10,000||$13.49||$134,900.00|| |
|3/2/2017||Ganesh Kumar||CFO||Sell||17,036||$13.12||$223,512.32|| |
|3/2/2017||Jose Rafael Fernandez||CEO||Sell||21,700||$13.38||$290,346.00|| |
|2/14/2017||Radames Pena||Director||Sell||10,000||$13.42||$134,200.00|| |
|2/3/2017||Julian Inclan||Director||Sell||5,000||$13.38||$66,900.00|| |
|12/27/2016||Carlos Souffront||General Counsel||Sell||18,702||$13.68||$255,843.36|| |
|12/21/2016||Jose Rafael Fernandez||CEO||Sell||32,980||$13.86||$457,102.80|| |
|4/1/2016||Rafael Martinez||Director||Buy||7,000||$6.99||$48,930.00|| |
|2/16/2016||Radames Pena||Director||Buy||5,000||$5.55||$27,750.00|| |
|2/11/2016||Radames Pena||Director||Buy||5,000||$4.69||$23,450.00|| |
|2/4/2016||Maritza Arizmendi||CAO||Buy||4,000||$5.65||$22,600.00|| |
|1/29/2016||Pedro Morazzani||Director||Buy||1,370||$5.40||$7,398.00|| |
|1/15/2016||Pedro Morazzani||Director||Buy||3,000||$5.98||$17,940.00|| |
|1/12/2016||Ganesh Kumar||CFO||Buy||3,734||$6.04||$22,553.36|| |
|1/11/2016||Julian Inclan||Director||Buy||5,000||$6.20||$31,000.00|| |
|1/7/2016||Jose Rafael Fernandez||CEO||Buy||3,000||$6.82||$20,460.00|| |
|12/16/2015||Cesar A. Ortiz||SVP||Buy||600||$6.54||$3,924.00|| |
|12/11/2015||Ganesh Kumar||CFO||Buy||5,000||$6.73||$33,650.00|| |
|12/11/2015||Jorge Colon||Director||Buy||6,000||$6.74||$40,440.00|| |
|12/9/2015||Jose Rafael Fernandez||CEO||Buy||5,000||$6.64||$33,200.00|| |
|12/7/2015||Ganesh Kumar||CFO||Sell||1,100||$18.01||$19,811.00|| |
|9/2/2015||Cesar A Ortiz||SVP||Buy||1,000||$7.75||$7,750.00|| |
|8/27/2015||Josen Rossi||Director||Buy||7,000||$6.90||$48,300.00|| |
|3/4/2015||Rafael Martinez||Director||Buy||1,000||$16.95||$16,950.00|| |
|2/24/2015||Josen Rossi||Director||Sell||6,829||$17.40||$118,824.60|| |
|2/12/2015||Josen Rossi||Director||Sell||5,000||$17.50||$87,500.00|| |
|6/19/2014||Rafael Martinez||Director||Buy||1,065||$18.85||$20,075.25|| |
|6/18/2014||Radames Pena||Director||Buy||5,000||$18.48||$92,400.00|| |
|6/3/2014||Norberto Gonzalez||EVP||Sell||3,500||$18.36||$64,260.00|| |
|5/1/2014||Norberto Gonzalez||EVP||Sell||2,000||$17.25||$34,500.00|| |
|4/30/2014||Rafael Martinez||Director||Buy||2,965||$16.85||$49,960.25|| |
|3/13/2014||Norberto Gonzalez||EVP||Sell||4,000||$17.05||$68,200.00|| |
|11/1/2013||Rafael Martinez||Director||Buy||1,000||$14.86||$14,860.00|| |
|12/24/2012||Julian Inclan||Director||Buy||5,000||$12.93||$64,650.00|| |
|12/12/2012||Ganesh Kumar||CFO||Buy||2,645||$12.37||$32,718.65|| |
|11/30/2012||Jose Rafael Fernandez||CEO||Buy||3,000||$11.72||$35,160.00|| |
|11/23/2012||Jose Rafael Fernandez||CEO||Buy||5,000||$11.64||$58,200.00|| |
Headline Trends for OFG Bancorp (NYSE:OFG)
Latest Headlines for OFG Bancorp (NYSE:OFG)
Loading headlines, please wait.
OFG Bancorp (OFG) Chart for Tuesday, October, 24, 2017