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Police: Walmart shooter bought gun just hours before killing
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Musk plans to relaunch Twitter premium service, again
S&P 500   4,026.12
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Walmart shooter left 'death note,' bought gun day of killing
See how to make money instead of spending it on Black Friday with this offer (Ad)
US stocks wobble to a mixed close, indexes keep weekly gains
Arrival, Coupa Software rise; Apple, Activision fall
See how to make money instead of spending it on Black Friday with this offer (Ad)
New this week: Lizzo, 'Criminal Minds' and 'The Woman King'
Police: Walmart shooter bought gun just hours before killing
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Musk says granting 'amnesty' to suspended Twitter accounts
Musk plans to relaunch Twitter premium service, again
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Walmart shooter left 'death note,' bought gun day of killing
See how to make money instead of spending it on Black Friday with this offer (Ad)
US stocks wobble to a mixed close, indexes keep weekly gains
Arrival, Coupa Software rise; Apple, Activision fall
See how to make money instead of spending it on Black Friday with this offer (Ad)
New this week: Lizzo, 'Criminal Minds' and 'The Woman King'
Police: Walmart shooter bought gun just hours before killing
See how to make money instead of spending it on Black Friday with this offer (Ad)
Musk says granting 'amnesty' to suspended Twitter accounts
Musk plans to relaunch Twitter premium service, again
NYSE:OFG

OFG Bancorp - OFG Stock Forecast, Price & News

$28.95
+0.25 (+0.87%)
(As of 11/25/2022 04:00 PM ET)
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Today's Range
$28.53
$29.05
50-Day Range
$25.10
$29.19
52-Week Range
$23.82
$30.93
Volume
42,627 shs
Average Volume
258,653 shs
Market Capitalization
$1.38 billion
P/E Ratio
9.25
Dividend Yield
2.79%
Price Target
$32.67

OFG Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.8% Upside
$32.67 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.25mentions of OFG Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.81%
From $3.41 to $3.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

249th out of 894 stocks

State Commercial Banks Industry

52nd out of 186 stocks

OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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OFG Stock News Headlines

OFG Bancorp (NYSE:OFG) Upgraded to "Strong-Buy" at StockNews.com
Are Investors Undervaluing OFG Bancorp (OFG) Right Now?
Bullish insiders bet US$1.5m on OFG Bancorp (NYSE:OFG)
OFG Bancorp Reports 3Q22 Results
OFG Bancorp (OFG) Q3 Earnings and Revenues Beat Estimates
Earnings Scheduled For October 20, 2022
Earnings Outlook For OFG Bancorp
Can OFG (OFG) Run Higher on Rising Earnings Estimates?
OFG Bancorp: Q2 Earnings Insights
OFG Bancorp Reports 2Q22 Results
OFG Bancorp (NYSE:OFG) Short Interest Update
See More Headlines
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OFG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 10/17 Dividend
9/29/2022
Dividend Payable
10/17/2022
Today
11/26/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/17/2023
Next Earnings (Estimated)
1/18/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,269
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.67
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$146.15 million
Pretax Margin
36.70%

Debt

Sales & Book Value

Annual Sales
$578.46 million
Cash Flow
$3.31 per share
Book Value
$20.90 per share

Miscellaneous

Free Float
46,298,000
Market Cap
$1.38 billion
Optionable
Optionable
Beta
1.17

Key Executives

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













OFG Stock - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

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.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price forecast for 2023?

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.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting OFG Bancorp?

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
.

When is OFG Bancorp's next earnings date?

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

How were OFG Bancorp's earnings last quarter?

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.

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

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
.

Is OFG Bancorp a good dividend stock?

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.

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

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.

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 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.
View institutional ownership trends
.

How do I buy shares of OFG Bancorp?

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.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $28.95.

How much money does OFG Bancorp make?

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.

How many employees does OFG Bancorp have?

The company employs 2,269 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 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.

This page (NYSE:OFG) was last updated on 11/26/2022 by MarketBeat.com Staff