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S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Is This The End of Capitalism? (Ad)
How major US stock indexes fared Friday 1/27/2023
Wall Street adds more to its big January after strong week
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
NYSE:OFG

OFG Bancorp - OFG Stock Forecast, Price & News

$27.78
+0.11 (+0.40%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$27.43
$27.95
50-Day Range
$25.92
$28.97
52-Week Range
$24.39
$29.85
Volume
184,756 shs
Average Volume
169,288 shs
Market Capitalization
$1.32 billion
P/E Ratio
8.08
Dividend Yield
2.89%
Price Target
$33.00

OFG Bancorp MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
18.8% Upside
$33.00 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of OFG Bancorp in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$570,100 Sold Last Quarter
Proj. Earnings Growth
4.24%
From $3.54 to $3.69 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Finance Sector

751st out of 900 stocks

State Commercial Banks Industry

165th out of 191 stocks


OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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OFG Stock News Headlines

OFG Bancorp (OFG) Q4 2022 Earnings Call Transcript
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
OFG Bancorp Reports 4Q22 & 2022 Results
Bridgewater (BWB) Lags Q4 Earnings and Revenue Estimates
Preview: OFG Bancorp's Earnings
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
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
1/28/2023
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
2,269
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
+18.8%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$146.15 million
Pretax Margin
37.71%

Debt

Sales & Book Value

Annual Sales
$641.30 million
Cash Flow
$3.30 per share
Book Value
$21.92 per share

Miscellaneous

Free Float
46,298,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.15

Key Executives

  • Mr. Jose Rafael Fernandez (Age 59)
    Pres, CEO & Vice Chairman
    Comp: $1.94M
  • Ms. Maritza Arizmendi Diaz CPA (Age 55)
    CPA, Esq., Chief Financial Officer
    Comp: $636.76k
  • Dr. Ganesh Kumar (Age 59)
    Chief Operating Officer
    Comp: $1.41M
  • Mr. Jose E. Cabrera Lazaro (Age 52)
    Chief Risk & Compliance Officer
    Comp: $445.35k
  • Krisen Aguirre Torres
    VP Financial Reporting & Accounting Control
  • Mr. Gary M. Fishman
    IR Contact
  • Hugh Gonzalez-Robison
    Gen. Counsel
  • Ms. Jennifer Zapata Nazario
    Sr. VP of HR
  • Mr. Luis Alejandro CPA (Age 62)
    C.I.S.A., Sr. VP and Sr. VP of Branch Admin.
  • General Carlos A. Viña CPA (Age 56)
    Sr. VP of Oriental Insurance













OFG Stock - Frequently Asked Questions

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

0 analysts have issued 1-year target prices for OFG Bancorp's stock. 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 twelve months. This suggests a possible upside of 18.8% 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 shares have increased by 0.8% and is now trading at $27.78.
View the best growth stocks for 2023 here
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 502,000 shares, a drop of 24.6% from the December 15th total of 665,400 shares. Based on an average trading volume of 234,700 shares, the short-interest ratio is currently 2.1 days. Currently, 1.1% of the company's stock are sold short.
View OFG Bancorp's Short Interest
.

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 earnings results on Tuesday, October, 19th. The bank reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank had revenue of $134.72 million for the quarter, compared to the consensus estimate of $131.90 million. OFG Bancorp had a trailing twelve-month return on equity of 14.88% and a net margin of 25.03%. During the same quarter in the previous year, the business posted $0.50 EPS.

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

OFG Bancorp declared a quarterly dividend on Wednesday, January 25th. Investors of record on Friday, March 31st will be given a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, March 30th. This is a positive change 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 2.89%. 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 25.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 22.60% 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 Allspring Global Investments Holdings LLC (0.61%), Range Financial Group LLC (0.10%), Alpha DNA Investment Management LLC (0.08%), Yousif Capital Management LLC (0.07%), New York State Teachers Retirement System (0.06%) and Natixis Advisors L.P. (0.06%). 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.
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 $27.78.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.32 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.13 on an earnings per share basis.

How many employees does OFG Bancorp have?

The company employs 2,269 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 1/28/2023 by MarketBeat.com Staff