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

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. Since then, OFG stock has decreased by 13.1% and is now trading at $11.70. View which stocks have been mosted impacted by Coronavirus.

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.

OFG Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for OFG Bancorp.

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

OFG Bancorp declared a quarterly dividend on Monday, January 27th. Investors 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 dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, March 30th. View OFG Bancorp's dividend history.

2 brokerages 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 twelve months. This suggests a possible upside of 139.3% from the stock's current price. View analysts' price targets for OFG Bancorp.

News stories about OFG stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. OFG Bancorp earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutOFG Bancorp.

OFG Bancorp saw a decline in short interest in March. As of March 13th, there was short interest totaling 1,492,800 shares, a decline 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 currently 5.0 days. Approximately 2.9% of the shares of the company are sold short. View OFG Bancorp's Current Options Chain.

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

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

OFG Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (5.34%), State Street Corp (3.54%), LSV Asset Management (2.85%), Nuveen Asset Management LLC (2.37%), X Square Capital LLC (2.26%) and Geode Capital Management LLC (1.45%). 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.

OFG stock was sold by a variety of institutional investors in the last quarter, including AJO LP, Nuveen Asset Management LLC, LSV Asset Management, Mackay Shields LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, and Alyeska Investment Group L.P.. View insider buying and selling activity for OFG Bancorp.

OFG stock was acquired by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., 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, and State Street Corp. 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.

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 $11.70.

OFG Bancorp has a market capitalization of $601.61 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.

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]