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OFG Bancorp (OFG)
NYSE:OFG
Holding OFG?
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OFG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$32.96 - $47.57
Previous Close$43.44
Volume205.95K
Average Volume (3M)262.14K
Market Cap
$1.99B
Enterprise Value$2.29B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$293.43M
Price to Earnings (P/E)10.5
Beta0.94
Next Earnings
Jan 22, 2025EPS Estimate
$0.98Next Dividend Ex-Date
Dec 31, 2024Dividend Yield2.23%
Share Statistics
EPS (TTM)4.12
Shares Outstanding45,897,963
10 Day Avg. Volume286,193
30 Day Avg. Volume262,142
Standard Deviation0.10
R-Squared0.27
Alpha0.00665
Financial Highlights & Ratios
Price to Book (P/B)1.51
Price to Sales (P/S)3.12
Price to Cash Flow (P/CF)8.60
P/FCF Ratio5.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.22
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$48.00Price Target Upside10.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
OFG Bancorp News
PremiumCompany Announcements
OFG Bancorp Announces Retirement of Key Executive
PremiumCompany Announcements
OFG Bancorp Boosts Board with Cybersecurity and Industry Veterans
Bulls Say, Bears Say
Bulls Say
Credit PerformanceCredit improved across the board, with NCOs declining and the NPL ratio reaching its lowest in 5 quarters.
Financial PerformanceOperating EPS of $1.08 beat estimates, largely reflecting a lower provision and better NII, although enhanced by an NPL reversal.
Shareholder ReturnsBuybacks totaled $24.3MM, about 50% of the $50MM buyback program, signaling strong shareholder return initiatives.
Bears Say
Credit TrendsCredit trends deteriorated more than anticipated, with NCOs increasing 11bps to 90bps of average loans, mainly driven by higher auto NCOs.
Fee IncomeFees declined by $5.6MM due to lower interchange fees, impacted by the Durbin amendment, and lower MSR valuation.
Net Interest IncomeNet interest income rose only 0.4%, falling short of the 0.7% estimate, mainly reflecting lower-than-expected yields on cash equivalents.
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Ownership Overview
1.59% Insiders
34.66% Mutual Funds
15.86% Other Institutional Investors
13.71% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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OFG FAQ
What was OFG Bancorp’s price range in the past 12 months?
OFG Bancorp lowest stock price was $32.96 and its highest was $47.57 in the past 12 months.
What is OFG Bancorp’s market cap?
Currently, no data Available
When is OFG Bancorp’s upcoming earnings report date?
OFG Bancorp’s upcoming earnings report date is Jan 22, 2025 which is in 62 days.
How were OFG Bancorp’s earnings last quarter?
OFG Bancorp released its earnings results on Oct 16, 2024. The company reported $1 earnings per share for the quarter, missing the consensus estimate of $1.022 by -$0.022.
Is OFG Bancorp overvalued?
According to Wall Street analysts OFG Bancorp’s price is currently Undervalued.
Does OFG Bancorp pay dividends?
OFG Bancorp pays a Quarterly dividend of $0.25 which represents an annual dividend yield of 2.23%. See more information on OFG Bancorp dividends here
What is OFG Bancorp’s EPS estimate?
OFG Bancorp’s EPS estimate is $0.98.
How many shares outstanding does OFG Bancorp have?
OFG Bancorp has 45,897,964 shares outstanding.
What happened to OFG Bancorp’s price movement after its last earnings report?
OFG Bancorp reported an EPS of $1 in its last earnings report, missing expectations of $1.022. Following the earnings report the stock price went down -7.824%.
Which hedge fund is a major shareholder of OFG Bancorp?
Among the largest hedge funds holding OFG Bancorp’s share is Polaris Capital Management LLC. It holds OFG Bancorp’s shares valued at 8M.
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OFG Bancorp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$48.00 (10.50% Upside)
$48.00 (10.50% Upside)
Blogger Sentiment
Bullish
OFG Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 6.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $464.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.16%
12-Months-Change
Fundamentals
Return on Equity
16.11%
Trailing 12-Months
Asset Growth
11.74%
Trailing 12-Months
Company Description
OFG Bancorp
OFG Bancorp operates as 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.
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OFG Company Deck
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OFG Earnings Call
Q3 2024
0:00 / 0:00
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OFG Stock 12 Month Forecast
Average Price Target
$48.00
▲(10.50% Upside)
Technical Analysis
Best Analysts Covering OFG
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+23.30%
reiterated a buy rating last month
Copying Timur Braziler's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +23.30% per trade.
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