OFG Bancorp (OFG) Stock Forecast, Price & News

OFG Bancorp (NYSE:OFG) Frequently Asked Questions

Is OFG Bancorp a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OFG Bancorp stock.
View analyst ratings for OFG Bancorp or view top-rated stocks.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for OFG Bancorp.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) issued its quarterly earnings data on Thursday, April, 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.12. The bank earned $136.40 million during the quarter, compared to the consensus estimate of $132.50 million. OFG Bancorp had a net margin of 26.28% and a trailing twelve-month return on equity of 14.53%. During the same quarter last year, the business posted $0.56 EPS.
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 27th. Investors of record on Thursday, June 30th will be paid a dividend of $0.15 per share on Friday, July 15th. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, June 29th.
View OFG Bancorp's dividend history.

Is OFG Bancorp a good dividend stock?

OFG Bancorp pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.19%. OFG Bancorp 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 of OFG Bancorp is 19.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 17.80% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.
View OFG Bancorp's dividend history.

What price target have analysts set for OFG?

2 brokerages have issued 1-year target prices for OFG Bancorp's stock. Their forecasts range from $32.00 to $33.00. On average, they anticipate OFG Bancorp's share price to reach $32.50 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
View analysts' price targets for OFG Bancorp or view top-rated stocks among Wall Street analysts.

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following people:

• Mr. Jose Rafael Fernandez, Pres, CEO & Vice Chairman (Age 58, Pay $1.94M)
• Ms. Maritza Arizmendi Diaz CPA, CPA, Esq., Chief Financial Officer (Age 54, Pay $636.76k)
• Dr. Ganesh Kumar, Chief Operating Officer (Age 58, Pay $1.41M)
• Mr. Jose E. Cabrera Lazaro, Chief Risk & Compliance Officer (Age 51, Pay $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, C.I.S.A., Sr. VP and Sr. VP of Branch Admin. (Age 61)
• General Carlos A. Viña CPA, Sr. VP of Oriental Insurance (Age 55)

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp CEO José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among OFG Bancorp's employees.

Who are some of OFG Bancorp's key competitors?

Some companies that are related to OFG Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Webster Financial (WBS) and Commerce Bancshares (CBSH).
View all of OFG's 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).

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 investors include BlackRock Inc. (14.86%), Vanguard Group Inc. (12.06%), Dimensional Fund Advisors LP (7.90%), State Street Corp (4.73%), LSV Asset Management (2.47%) and Wellington Management Group LLP (1.71%). Company insiders that own OFG Bancorp stock include Cesar A Ortiz, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani.
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 Wellington Management Group LLP, Goldman Sachs Group Inc., Monarch Partners Asset Management LLC, SG Americas Securities LLC, X Square Capital LLC, Russell Investments Group Ltd., Northern Trust Corp, and Jacobs Asset Management LLC.
View insider buying and selling activity for OFG Bancorp or view top insider-selling stocks.

Which major investors are buying OFG Bancorp stock?

OFG stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Jupiter Asset Management Ltd., State Street Corp, Invesco Ltd., American Century Companies Inc., Qube Research & Technologies Ltd, Hsbc Holdings PLC, and Quantedge Capital Pte Ltd. Company insiders that have bought OFG Bancorp stock in the last two years include Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, and Maritza Arizmendi.
View insider buying and selling activity for OFG Bancorp or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $27.30.

How much money does OFG Bancorp make?

OFG Bancorp has a market capitalization of $1.33 billion and generates $578.46 million in revenue each year. The bank earns $146.15 million in net income (profit) each year or $3.009990 on an earnings per share basis.

How many employees does OFG Bancorp have?

OFG Bancorp employs 2,269 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, via email at [email protected], or via fax at 787-771-6770.