NYSE:OFGOFG Bancorp Stock Price, Forecast & News

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. Since then, OFG stock has increased by 7.1% and is now trading at $14.42. View which stocks have been most impacted by Coronavirus.

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.

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for OFG Bancorp.

OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Wednesday, April, 29th. The bank reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.01. The bank earned $136.55 million during the quarter, compared to the consensus estimate 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.

OFG Bancorp declared a quarterly dividend on Wednesday, April 22nd. Stockholders 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 1.94%. The ex-dividend date of this dividend is Monday, June 29th. View OFG Bancorp's dividend history.

2 Wall Street analysts 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 year. This suggests a possible upside of 94.2% from the stock's current price. View analysts' price targets for OFG Bancorp.

News stories about OFG stock have been trending positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. OFG Bancorp earned a media sentiment score of 2.7 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutOFG Bancorp.

OFG Bancorp saw a decrease in short interest during 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 trading volume of 429,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.8% of the company's stock are sold short. View OFG Bancorp's Current Options Chain.

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), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Prosperity Bancshares (PB) and East West Bancorp (EWBC). View all competitors.

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).

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

OFG Bancorp's stock is owned by a number of retail and institutional 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.

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.

OFG stock was purchased 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.

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.

One share of OFG stock can currently be purchased for approximately $14.42.

OFG Bancorp has a market capitalization of $741.46 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.

The official website for OFG Bancorp is www.orientalbank.com.

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]