OFG Bancorp - OFG Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" OFG shares.
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2 brokerages have issued 12-month price targets for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they predict the company's share price to reach $32.67 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
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OFG Bancorp's stock was trading at $26.56 at the beginning of the year. Since then, OFG stock has increased by 9.0% and is now trading at $28.95.
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OFG Bancorp saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 620,300 shares, a decrease of 18.8% from the October 15th total of 763,800 shares. Based on an average trading volume of 231,100 shares, the short-interest ratio is currently 2.7 days. Currently, 1.3% of the shares of the stock are short sold.
View OFG Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our OFG earnings forecast.

OFG Bancorp (NYSE:OFG) announced its quarterly earnings data on Tuesday, October, 19th. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The bank earned $134.72 million during the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $0.50 earnings per share.

OFG Bancorp announced a quarterly dividend on Friday, October 28th. Investors of record on Friday, December 30th will be paid a dividend of $0.20 per share on Tuesday, January 17th. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for OFG.

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.79%. 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.

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.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.70%), Vanguard Group Inc. (12.10%), Dimensional Fund Advisors LP (8.04%), Barrow Hanley Mewhinney & Strauss LLC (4.62%), State Street Corp (4.44%) and LSV Asset Management (4.14%). 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.
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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.
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One share of OFG stock can currently be purchased for approximately $28.95.

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.38 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.

The company employs 2,269 workers across the globe.

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.