S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSE:OFG

OFG Bancorp Stock Forecast, Price & News

$24.49
-0.32 (-1.29%)
(As of 11/29/2021 12:00 AM ET)
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Today's Range
$24.34
$25.61
50-Day Range
$22.89
$27.33
52-Week Range
$16.00
$27.73
Volume
269,975 shs
Average Volume
229,968 shs
Market Capitalization
$1.22 billion
P/E Ratio
9.53
Dividend Yield
1.93%
Beta
1.4
30 days | 90 days | 365 days | Advanced Chart
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OFG Bancorp logo

About OFG Bancorp

OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment involves in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Headlines

OFG Bancorp (NYSE:OFG) Now Covered by Wells Fargo & Company
November 9, 2021 |  americanbankingnews.com
OFG Bancorp (NYSE:OFG) Sets New 52-Week High at $27.45
November 5, 2021 |  americanbankingnews.com
OFG Bancorp: Loan Trend Remains Worrisome
November 5, 2021 |  seekingalpha.com
Earnings Estimates Rising for OFG (OFG): Will It Gain?
October 22, 2021 |  finance.yahoo.com
OFG Bancorp (OFG) Q3 Earnings and Revenues Top Estimates
October 20, 2021 |  finance.yahoo.com
OFG Bancorp (OFG) Q3 2021 Earnings Call Transcript
October 20, 2021 |  finance.yahoo.com
OFG Q3 Net Surges On Credit Loss Reserve Reversal
October 20, 2021 |  markets.businessinsider.com
OFG Bancorp Reports 3Q21 Results
October 20, 2021 |  finance.yahoo.com
Here's what to expect from OFG Bancorp's earnings
October 18, 2021 |  markets.businessinsider.com
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,275
Year Founded
N/A

Sales & Book Value

Annual Sales
$597.70 million
Cash Flow
$1.72 per share
Book Value
$21.14 per share

Profitability

Net Income
$74.33 million
Pretax Margin
33.86%

Debt

Price-To-Earnings

Miscellaneous

Free Float
48,616,000
Market Cap
$1.22 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/29/2021
Dividend Payable
10/15/2021
Last Earnings
10/19/2021
Today
11/30/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/24/2022

MarketRank

Overall MarketRank

2.64 out of 5 stars

Finance Sector

312th out of 1,340 stocks

State Commercial Banks Industry

58th out of 233 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












OFG Bancorp (NYSE:OFG) Frequently Asked Questions

Is OFG Bancorp a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OFG Bancorp stock.
View analyst ratings for OFG Bancorp
or view top-rated stocks.

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

OFG Bancorp's stock was trading at $13.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, OFG shares have increased by 81.9% and is now trading at $24.49.
View which stocks have been most impacted by COVID-19
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 744,100 shares, an increase of 40.6% from the September 30th total of 529,400 shares. Based on an average trading volume of 203,800 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.5% of the company's shares are short sold.
View OFG Bancorp's Short Interest
.

When is OFG Bancorp's next earnings date?

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Monday, January 24th 2022.
View our earnings forecast for OFG Bancorp
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its quarterly earnings results on Tuesday, October, 19th. The bank reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank earned $134.72 million during the quarter, compared to the consensus estimate of $131.90 million. OFG Bancorp had a trailing twelve-month return on equity of 13.99% and a net margin of 23.53%. During the same quarter last year, the business posted $0.50 EPS.
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 Friday, October 29th. Stockholders of record on Friday, December 31st will be given a dividend of $0.12 per share on Tuesday, January 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 30th.
View OFG Bancorp's dividend history
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.93%. OFG Bancorp 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 of OFG Bancorp is 18.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 17.52% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.
View OFG Bancorp's dividend history.

What price target have analysts set for OFG?

1 brokers have issued 12 month price objectives for OFG Bancorp's stock. Their forecasts range from $31.00 to $31.00. On average, they anticipate OFG Bancorp's stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
View analysts' price targets for OFG Bancorp
or view top-rated stocks among Wall Street analysts.

Who are OFG Bancorp's key executives?

OFG Bancorp's management team includes the following people:
  • José Rafael Fernández, Vice Chairman, President & Chief Executive Officer
  • Ganesh Kumar, Chief Operating Officer & Senior Executive VP
  • Maritza Arizmendi Diaz, Chief Financial Officer & Executive Vice President
  • José E. Cabrera Lázaro, Chief Risk & Compliance Officer
  • Ramón A. Rosado-Linera, Senior Vice President & Director-US Loan Program

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

15 employees have rated OFG Bancorp CEO José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among OFG Bancorp'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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.74%), Dimensional Fund Advisors LP (7.78%), Barrow Hanley Mewhinney & Strauss LLC (6.02%), LSV Asset Management (2.03%), Wellington Management Group LLP (2.05%) and Geode Capital Management LLC (1.77%). Company insiders that own OFG Bancorp 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 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 Invesco Ltd., Cubist Systematic Strategies LLC, Voya Investment Management LLC, Geode Capital Management LLC, Hsbc Holdings PLC, Public Sector Pension Investment Board, UBS Group AG, and Barclays PLC. Company insiders that have sold OFG Bancorp company stock in the last year include Cesar A Ortiz, Julian Inclan, and Pedro Morazzani.
View insider buying and selling activity for OFG Bancorp
or view top insider-selling stocks.

Which major investors are buying OFG Bancorp stock?

OFG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, State of New Jersey Common Pension Fund D, Monarch Partners Asset Management LLC, SG Americas Securities LLC, Easterly Investment Partners LLC, Renaissance Technologies LLC, Wellington Management Group LLP, and American Century Companies Inc.. 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 Maritza Arizmendi.
View insider buying and selling activity for OFG Bancorp
or or view top insider-buying stocks.

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 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 $24.49.

How much money does OFG Bancorp make?

OFG Bancorp has a market capitalization of $1.22 billion and generates $597.70 million in revenue each year. The bank earns $74.33 million in net income (profit) each year or $2.57 on an earnings per share basis.

How many employees does OFG Bancorp have?

OFG Bancorp employs 2,275 workers across the globe.

What is OFG Bancorp's official website?

The official website for OFG Bancorp is www.orientalbank.com.

Where are OFG Bancorp's headquarters?

OFG Bancorp is headquartered at 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918.

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, via email at [email protected], or via fax at 787-771-6770.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

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