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S&P 500   4,117.86
DOW   33,949.01
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Profit From the Commercial Solar Boom? (Ad)
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Profit From the Commercial Solar Boom? (Ad)
No Spice In Chipotle Results, Is Now The Time To Buy?
Fortinet’s Earnings Rally is a Lesson in Market Expectations
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Profit From the Commercial Solar Boom? (Ad)
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Daqo New Energy Charged Up For New Highs
Profit From the Commercial Solar Boom? (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
How major US stock indexes fared Wednesday 2/7/2023
Profit From the Commercial Solar Boom? (Ad)
No Spice In Chipotle Results, Is Now The Time To Buy?
Fortinet’s Earnings Rally is a Lesson in Market Expectations
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Profit From the Commercial Solar Boom? (Ad)
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Daqo New Energy Charged Up For New Highs
Profit From the Commercial Solar Boom? (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
How major US stock indexes fared Wednesday 2/7/2023
Profit From the Commercial Solar Boom? (Ad)
No Spice In Chipotle Results, Is Now The Time To Buy?
Fortinet’s Earnings Rally is a Lesson in Market Expectations
NYSE:OFG

OFG Bancorp - OFG Stock Forecast, Price & News

$29.25
-0.35 (-1.18%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$29.19
$29.63
50-Day Range
$25.92
$29.62
52-Week Range
$24.39
$29.91
Volume
126,800 shs
Average Volume
184,490 shs
Market Capitalization
$1.39 billion
P/E Ratio
8.50
Dividend Yield
2.70%
Price Target
$33.00

OFG Bancorp MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
12.8% Upside
$33.00 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of OFG Bancorp in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
2.26%
From $3.54 to $3.62 Per Share

Overall MarketRank

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

1.91 out of 5 stars

Finance Sector

663rd out of 857 stocks

State Commercial Banks Industry

146th out of 181 stocks

OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

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 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.

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OFG Stock News Headlines

The Lithium "Lie"
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China controls more than 90% of this vital ingredient. But the U.S. just classified graphite as "essential for America's National Defense"... and one little-known company is looking to win big in the energy war with China.
OFG Bancorp (NYSE:OFG) Q4 2022 Earnings Call Transcript
OFG Bancorp (OFG) Q4 2022 Earnings Call Transcript
The Lithium "Lie"
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China controls more than 90% of this vital ingredient. But the U.S. just classified graphite as "essential for America's National Defense"... and one little-known company is looking to win big in the energy war with China.
OFG Bancorp Reports 4Q22 & 2022 Results
Bridgewater (BWB) Lags Q4 Earnings and Revenue Estimates
Preview: OFG Bancorp's Earnings
Should Value Investors Buy OFG Bancorp (OFG) Stock?
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
See More Headlines
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OFG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
2/09/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

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
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$166.24 million
Pretax Margin
37.71%

Debt

Sales & Book Value

Annual Sales
$641.30 million
Cash Flow
$3.25 per share
Book Value
$21.92 per share

Miscellaneous

Free Float
46,298,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.09

Key Executives

  • 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













OFG Stock - Frequently Asked Questions

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

0 equities research analysts have issued 12-month price objectives for OFG Bancorp's stock. Their OFG share price forecasts range from $33.00 to $33.00. On average, they anticipate the company's share price to reach $33.00 in the next twelve months. 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 2023?

OFG Bancorp's stock was trading at $27.56 at the start of the year. Since then, OFG stock has increased by 6.1% and is now trading at $29.25.
View the best growth stocks for 2023 here
.

Are investors shorting OFG Bancorp?

OFG Bancorp saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 502,000 shares, a decline of 24.6% from the December 15th total of 665,400 shares. Based on an average trading volume of 234,700 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the shares of the company are sold short.
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 Thursday, April 20th 2023.
View our OFG earnings forecast
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its earnings results on Tuesday, October, 19th. The bank reported $0.81 earnings per share 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 net margin of 25.92% and a trailing twelve-month return on equity of 16.25%. During the same quarter in the previous year, the company earned $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 given a dividend of $0.22 per share on Monday, April 17th. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.20.
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 2.74%. 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 many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (4.45%), Allspring Global Investments Holdings LLC (0.61%), Jacobs Asset Management LLC (0.58%), Russell Investments Group Ltd. (0.38%), Knights of Columbus Asset Advisors LLC (0.21%) and Thrivent Financial for Lutherans (0.17%). 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 $29.25.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.39 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 2,269 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 2/9/2023 by MarketBeat.com Staff