NYSE:OFG OFG Bancorp - OFG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding OFG Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. $25.81 -0.77 (-2.90%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$25.77▼$26.9150-Day Range$25.55▼$30.4252-Week Range$24.39▼$30.52Volume357,390 shsAverage Volume294,405 shsMarket Capitalization$1.23 billionP/E Ratio7.50Dividend Yield3.10%Price Target$33.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media OFG Bancorp MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside27.9% Upside$33.00 Price TargetShort InterestHealthy1.36% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$2.76 M Sold Last QuarterProj. Earnings Growth2.26%From $3.54 to $3.62 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.08 out of 5 starsFinance Sector772nd out of 872 stocksState Commercial Banks Industry173rd out of 179 stocks 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $33.00, OFG Bancorp has a forecasted upside of 27.9% from its current price of $25.81.Amount of Analyst CoverageOFG Bancorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.36% of the float of OFG Bancorp has been sold short.Short Interest Ratio / Days to CoverOFG Bancorp has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in OFG Bancorp has recently increased by 11.02%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOFG Bancorp pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOFG Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of OFG Bancorp is 23.26%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, OFG Bancorp will have a dividend payout ratio of 22.10% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OFG. Previous Next 1.0 News and Social Media Coverage News SentimentOFG Bancorp has a news sentiment score of -0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for OFG Bancorp this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OFG Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,756,146.00 in company stock.Percentage Held by InsidersOnly 2.66% of the stock of OFG Bancorp is held by insiders.Percentage Held by Institutions91.03% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for OFG Bancorp are expected to grow by 2.26% in the coming year, from $3.54 to $3.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OFG Bancorp is 7.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.67.Price to Earnings Ratio vs. SectorThe P/E ratio of OFG Bancorp is 7.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 142.89.Price to Book Value per Share RatioOFG Bancorp has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About OFG Bancorp (NYSE:OFG) StockOFG 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 is involved 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.Read More Receive OFG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address OFG Stock News HeadlinesMarch 19, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on OFG Bancorp (NYSE:OFG)March 15, 2023 | finance.yahoo.comStrength Seen in Metropolitan Bank Holding Corp. (MCB): Can Its 39.0% Jump Turn into More Strength?March 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. January 30, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Q4 2022 Earnings Call TranscriptJanuary 29, 2023 | finance.yahoo.comOFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22January 26, 2023 | seekingalpha.comOFG Bancorp (OFG) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comOFG Bancorp (OFG) Q4 Earnings and Revenues Surpass EstimatesJanuary 26, 2023 | msn.comS&T Bancorp GAAP EPS of $1.03 beats by $0.09, revenue of $105.23M beats by $5.04MMarch 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. January 26, 2023 | finance.yahoo.comOFG Bancorp Reports 4Q22 & 2022 ResultsJanuary 25, 2023 | finance.yahoo.comBridgewater (BWB) Lags Q4 Earnings and Revenue EstimatesJanuary 25, 2023 | benzinga.comPreview: OFG Bancorp's EarningsJanuary 25, 2023 | finance.yahoo.comOFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 10%January 18, 2023 | finance.yahoo.comOFG Bancorp (OFG) Stock Historical Prices & Data - Yahoo FinanceJanuary 2, 2023 | finance.yahoo.comShould You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?December 28, 2022 | finance.yahoo.comOFG Bancorp to Report 4Q22 Results and Hold Call Thursday, January 26, 2023December 3, 2022 | seekingalpha.comOFG Bancorp: Earnings Outlook Remains Positive Thanks To Puerto Rico's EconomyNovember 30, 2022 | finance.yahoo.comShould Value Investors Buy OFG Bancorp (OFG) Stock?November 14, 2022 | finance.yahoo.comAre Investors Undervaluing OFG Bancorp (OFG) Right Now?November 9, 2022 | finance.yahoo.comOFG Bancorp Third Quarter 2022 Earnings: Beats ExpectationsOctober 21, 2022 | finance.yahoo.comBullish insiders bet US$1.5m on OFG Bancorp (NYSE:OFG)October 20, 2022 | finance.yahoo.comOFG Bancorp Reports 3Q22 ResultsOctober 20, 2022 | finance.yahoo.comOFG Bancorp (OFG) Q3 Earnings and Revenues Beat EstimatesOctober 20, 2022 | msn.comEarnings Scheduled For October 20, 2022October 19, 2022 | benzinga.comEarnings Outlook For OFG BancorpSeptember 30, 2022 | finance.yahoo.comHere's Why OFG (OFG) is Poised for a Turnaround After Losing 5.5% in 4 WeeksSeptember 25, 2022 | nasdaq.comOFG Bancorp (NYSE:OFG) Will Pay A Larger Dividend Than Last Year At $0.20See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive OFG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OFG Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address OFG Company Calendar Last Earnings10/19/2021Ex-Dividend for 1/17 Dividend12/29/2022Dividend Payable1/17/2023Today3/22/2023Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:OFG CUSIP67103X10 CIK1030469 Webwww.orientalbank.com Phone(787) 771-6800Fax787-771-6770Employees2,253Year FoundedN/APrice Target and Rating Average Stock Price Forecast$33.00 High Stock Price Forecast$33.00 Low Stock Price Forecast$33.00 Forecasted Upside/Downside+23.5%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$3.44 Trailing P/E Ratio7.76 Forward P/E Ratio7.55 P/E GrowthN/ANet Income$166.24 million Net Margins25.92% Pretax Margin37.71% Return on Equity16.25% Return on Assets1.65% Debt Debt-to-Equity Ratio0.03 Current Ratio0.85 Quick Ratio0.84 Sales & Book Value Annual Sales$641.30 million Price / Sales1.99 Cash Flow$4.12 per share Price / Cash Flow6.48 Book Value$21.92 per share Price / Book1.22Miscellaneous Outstanding Shares47,700,000Free Float46,433,000Market Cap$1.27 billion OptionableOptionable Beta1.07 Key ExecutivesJosé Rafael FernándezVice Chairman, President & Chief Executive OfficerGanesh KumarChief Operating Officer & Senior Executive VPMaritza Arizmendi DiazChief Financial Officer & Executive Vice PresidentJosé E. Cabrera LázaroChief Risk & Compliance OfficerRamón A. Rosado-LineraSenior Vice President & Director-US Loan ProgramKey CompetitorsS&T BancorpNASDAQ:STBAFirst BuseyNASDAQ:BUSE1st SourceNASDAQ:SRCELakeland BancorpNASDAQ:LBAIEagle BancorpNASDAQ:EGBNView All CompetitorsInsiders & InstitutionsJorge ColonSold 40,870 sharesTotal: $1.22 M ($29.76/share)Jorge ColonSold 30,000 sharesTotal: $904,200.00 ($30.14/share)Ganesh KumarSold 6,468 sharesTotal: $194,040.00 ($30.00/share)Macquarie Group Ltd.Bought 11,700 shares on 2/21/2023Ownership: 0.170%Linden Thomas Advisory Services LLCBought 51,499 shares on 2/17/2023Ownership: 0.108%View All Insider TransactionsView All Institutional Transactions OFG Stock - Frequently Asked Questions What is OFG Bancorp's stock price forecast for 2023? 0 analysts have issued twelve-month price objectives for OFG Bancorp's stock. Their OFG share price forecasts range from $33.00 to $33.00. On average, they expect the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 23.5% 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 2023? OFG Bancorp's stock was trading at $27.56 at the beginning of 2023. Since then, OFG shares have decreased by 3.1% and is now trading at $26.71. View the best growth stocks for 2023 here. When is OFG Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023. View our OFG earnings forecast. How were OFG Bancorp's earnings last quarter? OFG Bancorp (NYSE:OFG) posted its quarterly earnings data on Tuesday, October, 19th. The bank reported $0.81 EPS for the quarter, beating the consensus estimate 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 16.25% and a net margin of 25.92%. During the same period last year, the firm posted $0.50 EPS. How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp? OFG Bancorp announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.20. Read our dividend analysis for OFG. What ETFs hold OFG Bancorp's stock? ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Quality ETF (XSHQ) and First Trust Small Cap Growth AlphaDEX Fund (FYC). 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 3.13%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 22.10% 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 Dimensional Fund Advisors LP (8.22%), Barrow Hanley Mewhinney & Strauss LLC (4.76%), LSV Asset Management (4.45%), JPMorgan Chase & Co. (2.89%), Stilwell Value LLC (2.05%) and Geode Capital Management LLC (1.83%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani. 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 $26.71. How much money does OFG Bancorp make? OFG Bancorp (NYSE:OFG) has a market capitalization of $1.27 billion and generates $641.30 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.44 on an earnings per share basis. How many employees does OFG Bancorp have? The company employs 2,253 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 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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