NYSE:OFGOFG Bancorp Stock Price, Forecast & News

$9.99

-0.33 (-3.20 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$9.55

Now: $9.99▼

$10.48

50-Day Range

$9.32

MA: $14.94▼

$20.76

52-Week Range

$8.63

Now: $9.99▼

$24.95

Volume607,598 shs

Average Volume593,516 shs

Market Capitalization$513.69 million

P/E Ratio10.86

Dividend Yield2.71%

Beta1.84

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
OFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.00, OFG Bancorp has a potential upside of 180.3% from its current price of $9.99.
Amount of Analyst Coverage
OFG Bancorp has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
OFG Bancorp has received 258 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
OFG Bancorp has received 280 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
OFG Bancorp has received 52.04% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about OFG Bancorp and other stocks. Vote “Outperform” if you believe OFG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OFG will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
OFG Bancorp is a leading dividend payer. It pays a dividend yield of 2.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
OFG Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of OFG Bancorp is 17.28 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 12.02 % next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OFG Bancorp insiders have bought 20.73% more of their company's stock than they have sold. Specifically, they have bought $503,222.00 in company stock and sold $416,832.00 in company stock.
Percentage Held by Insiders
Only 2.49% of the stock of OFG Bancorp is held by insiders.
Percentage Held by Institutions
94.60% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for OFG Bancorp are expected to grow by 27.32% in the coming year, from $1.83 to $2.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OFG Bancorp is 10.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.98.
Price to Earnings Ratio vs. Sector
The P/E ratio of OFG Bancorp is 10.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.33.
Price to Book Value per Share Ratio
OFG Bancorp has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.07 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:OFG

Previous Symbol

CUSIP67103X10

CIK1030469

Webhttp://www.orientalbank.com/

Phone787-771-6800

Debt

Debt-to-Equity Ratio0.16

Current Ratio0.93

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio10.86

Forward P/E Ratio5.46

P/E GrowthN/A

Sales & Book Value

Annual Sales$456.29 million

Price / Sales1.13

Cash Flow$2.06 per share

Price / Cash Flow4.84

Book Value$18.57 per share

Price / Book0.54

Profitability

EPS (Most Recent Fiscal Year)$1.62

Net Income$53.84 million

Net Margins11.88%

Return on Equity8.83%

Return on Assets1.17%

Miscellaneous

Employees2,431

Outstanding Shares51,420,000

Market Cap$513.69 million

Next Earnings Date4/16/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, OFG stock has decreased by 25.8% and is now trading at $9.99. View which stocks have been mosted 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 Thursday, April 16th 2020. View our earnings forecast for OFG Bancorp.

How were OFG Bancorp's earnings last quarter?

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 Zacks' consensus estimate of $0.33 by $0.37. The bank had revenue of $98.92 million for 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.

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

OFG Bancorp announced a quarterly dividend on Monday, January 27th. Shareholders of record on Tuesday, March 31st will be given 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 2.80%. The ex-dividend date is Monday, March 30th. View OFG Bancorp's dividend history.

What price target have analysts set for OFG?

2 brokers have issued 1-year price objectives for OFG Bancorp's stock. 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 180.3% from the stock's current price. View analysts' price targets for OFG Bancorp.

Has OFG Bancorp been receiving favorable news coverage?

Media coverage about OFG stock has trended very negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OFG Bancorp earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutOFG Bancorp.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,492,800 shares, a decrease of 9.0% from the February 27th total of 1,640,000 shares. Based on an average daily volume of 297,500 shares, the days-to-cover ratio is presently 5.0 days. Approximately 2.9% of the shares of the company are short sold. View OFG Bancorp's Current Options Chain.

Who are some of OFG Bancorp's key competitors?

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

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 Chaarat Gold (CGH).

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."

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 $9.99.

How big of a company is OFG Bancorp?

OFG Bancorp has a market capitalization of $513.69 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. View additional information about OFG Bancorp.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is http://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 4/4/2020 by MarketBeat.com Staff

NYSE:OFGOFG Bancorp Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.5 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.4 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment