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About OFG Bancorp (NYSE:OFG)
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; and financial planning, investment brokerage, 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 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, Puerto Rico government and agency obligations, and money market instruments. The company operates through a network of 48 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:OFG
CUSIP67103X10
Phone787-771-6800
Debt
Debt-to-Equity Ratio0.10
Current Ratio0.87
Quick Ratio0.87
Price-To-Earnings
Trailing P/E Ratio10.71
Forward P/E Ratio12.72
P/E GrowthN/A
Sales & Book Value
Annual Sales$424.33 million
Price / Sales1.48
Cash Flow$2.1558 per share
Price / Cash6.61
Book Value$17.54 per share
Price / Book0.81
Profitability
EPS (Most Recent Fiscal Year)$1.33
Net Income$52.64 million
Net Margins12.93%
Return on Equity9.80%
Return on Assets1.20%
Miscellaneous
Employees1,408
Outstanding Shares43,950,000
OFG Bancorp (NYSE:OFG) Frequently Asked Questions
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 declared a quarterly dividend on Wednesday, May 23rd. Shareholders of record on Friday, June 29th will be given a dividend of $0.06 per share on Monday, July 16th. This represents a $0.24 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 28th. View OFG Bancorp's Dividend History.
How were OFG Bancorp's earnings last quarter?
OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Friday, April, 20th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.09. The bank had revenue of $92.51 million for the quarter. OFG Bancorp had a net margin of 12.93% and a return on equity of 9.80%. View OFG Bancorp's Earnings History.
When is OFG Bancorp's next earnings date?
What price target have analysts set for OFG?
3 brokers have issued 1 year price objectives for OFG Bancorp's stock. Their predictions range from $12.00 to $14.00. On average, they expect OFG Bancorp's share price to reach $12.6667 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 First Interstate BancSystem (FIBK), Renasant (RNST), ServisFirst Bancshares (SFBS), TowneBank (TOWN), Hilltop (HTH), Independent Bank Gr (IBTX), Ameris Bancorp (ABCB), Eagle Bancorp (EGBN), Independent Bank (INDB), Pacific Premier Bancorp (PPBI), Banner (BANR), Heartland Financial USA (HTLF), First BanCorp (FBP), S&T Bancorp (STBA) and First Busey (BUSE).
Who are OFG Bancorp's key executives?
OFG Bancorp's management team includes the folowing people:
- Mr. José Rafael Fernández, Vice Chairman, Pres & CEO (Age 54)
- Ms. Maritza Arizmendi Díaz CPA, Esq., Exec. VP & CFO (Age 50)
- Dr. Ganesh Kumar, Sr. EVP, COO and Head of Retail Banking & Bus. Devel. (Age 54)
- Mr. César A. Ortiz CPA, Esq., Sr. VP & Chief Risk Officer (Age 43)
- Mr. Ramón A. Rosado-Linera, Sr. VP & Treasurer (Age 54)
Has OFG Bancorp been receiving favorable news coverage?
Press coverage about OFG stock has trended positive on Friday, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OFG Bancorp earned a media sentiment score of 0.42 on Accern's scale. They also gave news coverage about the bank an impact score of 45.30 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are OFG Bancorp's major shareholders?
OFG Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.24%), Dimensional Fund Advisors LP (8.44%), JPMorgan Chase & Co. (3.18%), Russell Investments Group Ltd. (2.63%), Northern Trust Corp (1.95%) and Schwab Charles Investment Management Inc. (1.78%). Company insiders that own OFG Bancorp stock include Carlos Souffront, Ganesh Kumar, Jesus Nestor De, Jose Rafael Fernandez, Julian Inclan and Radames Pena. View Institutional Ownership Trends for OFG Bancorp.
Which major investors are selling OFG Bancorp stock?
OFG stock was sold by a variety of institutional investors in the last quarter, including X Square Capital LLC, Thrivent Financial for Lutherans, New York State Common Retirement Fund, Schwab Charles Investment Management Inc., California Public Employees Retirement System, Federated Investors Inc. PA, KBC Group NV and JPMorgan Chase & Co.. View Insider Buying and Selling for OFG Bancorp.
Which major investors are buying OFG Bancorp stock?
OFG stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Russell Investments Group Ltd., Wells Fargo & Company MN, GSA Capital Partners LLP, Element Capital Management LLC, BlackRock Inc., Polaris Capital Management LLC and Susquehanna Fundamental Investments LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is OFG Bancorp's stock price today?
One share of OFG stock can currently be purchased for approximately $14.25.
How big of a company is OFG Bancorp?
OFG Bancorp has a market capitalization of $630.65 million and generates $424.33 million in revenue each year. The bank earns $52.64 million in net income (profit) each year or $1.33 on an earnings per share basis. OFG Bancorp employs 1,408 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 bank can be reached via phone at 787-771-6800 or via email at [email protected]
MarketBeat Community Rating for OFG Bancorp (OFG)
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.
OFG Bancorp (NYSE:OFG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for OFG Bancorp in the last 12 months. Their average twelve-month price target is $12.6667, suggesting that the stock has a possible downside of 11.11%. The high price target for OFG is $14.00 and the low price target for OFG is $12.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.67 | 2.67 | 2.67 | 2.33 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $12.6667 | $12.6667 | $12.3333 | $12.3333 |
| Price Target Upside: | 11.11% downside | 2.19% downside | 32.62% upside | 38.58% upside |
OFG Bancorp (NYSE:OFG) Consensus Price Target History
OFG Bancorp (NYSE:OFG) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
OFG Bancorp (NYSE:OFG) Dividend Information
OFG Bancorp pays an annual dividend of $0.24 per share, with a dividend yield of 1.68%. OFG's next quarterly dividend payment will be made on Monday, July 16. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of -9.10% each year. OFG Bancorp pays out 18.05% of its earnings out as a dividend.
| Next Dividend: | 7/16/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 1.68% |
| Dividend Growth: | -9.10% (3 Year Average) |
| Payout Ratio(s): | 18.05% (Trailing 12 Months of Earnings)
21.43% (Based on This Year's Estimates)
18.60% (Based on Next Year's Estimates)
11.13% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
OFG Bancorp (NYSE:OFG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/23/2018 | quarterly | $0.06 | 1.67% | 6/28/2018 | 6/29/2018 | 7/16/2018 |
| 3/1/2018 | quarterly | $0.06 | 2.19% | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 11/30/2017 | quarterly | $0.06 | 2.45% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 8/24/2017 | quarterly | $0.06 | 2.65% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 5/25/2017 | quarterly | $0.06 | 2.47% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 2/24/2017 | quarterly | $0.06 | 1.81% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 12/1/2016 | quarterly | $0.06 | 1.76% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 8/25/2016 | quarterly | $0.06 | 2.2% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 5/26/2016 | quarterly | $0.06 | 2.69% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 2/25/2016 | quarterly | $0.06 | 4.55% | 3/24/2016 | 3/29/2016 | 4/15/2016 |
| 11/19/2015 | quarterly | $0.06 | 2.72% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/2/2015 | quarterly | $0.10 | 4.52% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/28/2015 | quarterly | $0.10 | 3.01% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 2/27/2015 | quarterly | $0.10 | 2.29% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 11/19/2014 | quarterly | $0.10 | 2.08% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 8/27/2014 | quarterly | $0.08 | 2.02% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 5/28/2014 | quarterly | $0.08 | 1.78% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 2/26/2014 | quarterly | $0.08 | 1.99% | 3/26/2014 | 3/28/2014 | 4/15/2014 |
| 12/5/2013 | quarterly | $0.08 | 1.9% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 8/29/2013 | quarterly | $0.06 | 1.4% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 5/23/2013 | quarterly | $0.06 | 1.37% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 2/25/2013 | quarterly | $0.06 | 1.57% | 3/26/2013 | 3/28/2013 | 4/15/2013 |
(Data available from 1/1/2013 forward)
OFG Bancorp (NYSE OFG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.39%
Institutional Ownership Percentage: 97.43%
OFG Bancorp (NYSE OFG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/8/2017 | Jesus Nestor De | Director | Buy | 5,000 | $7.95 | $39,750.00 | 5,400 |  |
| 3/20/2017 | Radames Pena | Director | Sell | 6,000 | $23.72 | $142,320.00 | 41,052 | |
| 3/2/2017 | Carlos Souffront | General Counsel | Sell | 10,000 | $13.49 | $134,900.00 | 34,855 | |
| 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 | 188,785 | |
| 2/14/2017 | Radames Pena | Director | Sell | 10,000 | $13.42 | $134,200.00 | 15,000 | |
| 2/3/2017 | Julian Inclan | Director | Sell | 5,000 | $13.38 | $66,900.00 | 110,918 | |
| 12/27/2016 | Carlos Souffront | General Counsel | Sell | 18,702 | $13.68 | $255,843.36 | 56,058 | |
| 12/21/2016 | Jose Rafael Fernandez | CEO | Sell | 32,980 | $13.86 | $457,102.80 | 223,565 | |
| 4/1/2016 | Rafael Martinez | Director | Buy | 7,000 | $6.99 | $48,930.00 | 15,341 | |
| 2/16/2016 | Radames Pena | Director | Buy | 5,000 | $5.55 | $27,750.00 | 20,000 | |
| 2/11/2016 | Radames Pena | Director | Buy | 5,000 | $4.69 | $23,450.00 | 15,000 | |
| 2/4/2016 | Maritza Arizmendi | CAO | Buy | 4,000 | $5.65 | $22,600.00 | 4,000 | |
| 1/29/2016 | Pedro Morazzani | Director | Buy | 1,370 | $5.40 | $7,398.00 | 25,720 | |
| 1/15/2016 | Pedro Morazzani | Director | Buy | 3,000 | $5.98 | $17,940.00 | 17,950 | |
| 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 | 109,109 | |
| 1/7/2016 | Jose Rafael Fernandez | CEO | Buy | 3,000 | $6.82 | $20,460.00 | 233,285 | |
| 12/16/2015 | Cesar A. Ortiz | SVP | Buy | 600 | $6.54 | $3,924.00 | 5,505 | |
| 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 | 6,000 | |
| 12/9/2015 | Jose Rafael Fernandez | CEO | Buy | 5,000 | $6.64 | $33,200.00 | 230,285 | |
| 12/7/2015 | Ganesh Kumar | CFO | Sell | 1,100 | $18.01 | $19,811.00 | 12,808 | |
| 9/2/2015 | Cesar A Ortiz | SVP | Buy | 1,000 | $7.75 | $7,750.00 | 4,405 | |
| 8/27/2015 | Josen Rossi | Director | Buy | 7,000 | $6.90 | $48,300.00 | 113,439 | |
| 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 | 20,000 | |
| 4/30/2014 | Rafael Martinez | Director | Buy | 2,965 | $16.85 | $49,960.25 | 6,276 | |
| 3/13/2014 | Norberto Gonzalez | EVP | Sell | 4,000 | $17.05 | $68,200.00 | 17,600 | |
| 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 | | |
(Data available from 1/1/2013 forward)
OFG Bancorp (NYSE OFG) News Headlines
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OFG Bancorp (NYSE:OFG) SEC Filings
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OFG Bancorp (NYSE:OFG) Income Statement, Balance Sheet and Cash Flow Statement
OFG Bancorp (NYSE OFG) Stock Chart for Friday, May, 25, 2018
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