NYSE:OFG - OFG Bancorp Stock Price, Forecast & News

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

OFG Bancorp announced a quarterly dividend on Monday, January 27th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.07 per share on Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, March 30th. View OFG Bancorp's Dividend History.

OFG Bancorp (NYSE:OFG) issued its quarterly earnings results on Wednesday, January, 29th. The bank reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.37. The bank earned $98.92 million during the quarter. OFG Bancorp had a net margin of 11.88% and a return on equity of 8.83%. View OFG Bancorp's Earnings History.

OFG Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for OFG Bancorp.

2 brokerages have issued 1 year price targets for OFG Bancorp's shares. Their forecasts range from $28.00 to $28.00. On average, they anticipate OFG Bancorp's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price. View Analyst Price Targets for OFG Bancorp.

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.

News articles about OFG stock have been trending positive on Monday, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OFG Bancorp earned a media sentiment score of 2.6 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for OFG Bancorp.

OFG Bancorp saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,380,000 shares, a drop of 19.3% from the January 15th total of 1,710,000 shares. Based on an average daily volume of 286,400 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.7% of the company's shares are short sold. View OFG Bancorp's Current Options Chain.

Some companies that are related to OFG Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

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 Chaarat Gold (CGH).

OFG Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (5.34%), State Street Corp (3.54%), LSV Asset Management (2.85%), X Square Capital LLC (2.26%), Geode Capital Management LLC (1.45%) and Charles Schwab Investment Management Inc. (1.42%). Company insiders that own OFG Bancorp stock include Edwin Perez, 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 AJO LP, LSV Asset Management, Mackay Shields LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, Alyeska Investment Group L.P. and Symphony Asset Management LLC. View Insider Buying and Selling for OFG Bancorp.

OFG stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Knights of Columbus Asset Advisors LLC, Zweig DiMenna Associates LLC, Bank of America Corp DE, Charles Schwab Investment Management Inc., Great West Life Assurance Co. Can, State Street Corp and Geode Capital Management LLC. Company insiders that have bought OFG Bancorp stock in the last two years include Edwin Perez, Jesus Nestor De, Jorge Colon, Jose Rafael Fernandez and Julian Inclan. View Insider Buying and Selling 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 $19.79.

OFG Bancorp has a market capitalization of $1.02 billion and generates $456.29 million in revenue each year. The bank earns $54.19 million in net income (profit) each year or $1.62 on an earnings per share basis. OFG Bancorp employs 1,392 workers across the globe.View Additional Information About OFG Bancorp.

The official website for OFG Bancorp is http://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]