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NYSE:OFGOFG Bancorp Stock Price, Forecast & News

$14.42
+0.98 (+7.29 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$14.11
Now: $14.42
$14.83
50-Day Range
$10.11
MA: $11.72
$13.60
52-Week Range
$8.63
Now: $14.42
$24.95
Volume595,474 shs
Average Volume418,299 shs
Market Capitalization$741.46 million
P/E Ratio28.84
Dividend Yield2.08%
Beta1.69
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; financial planning, insurance, financial services, and investment brokerage; and 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 trust, retirement planning, 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, and money market instruments. The company operates through a network of 37 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
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OFG Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.15 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP67103X10
Phone787-771-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$456.29 million
Cash Flow$2.34 per share
Book Value$18.57 per share

Profitability

Net Income$53.84 million

Miscellaneous

Employees2,431
Market Cap$741.46 million
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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OFG Bancorp (NYSE:OFG) Frequently Asked Questions

How has OFG Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of 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.

When is OFG Bancorp's next earnings date?

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

How were OFG Bancorp's earnings last quarter?

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.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

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.

What price target have analysts set for OFG?

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.

Has OFG Bancorp been receiving favorable news coverage?

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.

Are investors shorting OFG 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.

Who are some of OFG Bancorp's key 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).

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following people:
  • Mr. José Rafael Fernández, Vice Chairman, Pres & CEO (Age 55)
  • Ms. Maritza Arizmendi Díaz CPA, Esq., Exec. VP & CFO (Age 51)
  • Dr. Ganesh Kumar, Sr. EVP, COO and Head of Retail Banking & Bus. Devel. (Age 55)
  • Mr. Rafael Cruz Eng., Sr. VP and Chief Risk & Compliance Officer (Age 63)
  • Mr. César A. Ortiz CPA, CPA, Esq., Sr. VP and Director of Commercial Credit & Operations (Age 44)

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. (14.67%), 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.

Which major investors are selling OFG Bancorp stock?

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.

Which major investors are buying OFG Bancorp stock?

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.

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, Robinhood, Fidelity, and Charles Schwab.

What is OFG Bancorp's stock price today?

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

How big of a company is OFG Bancorp?

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.

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 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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