NYSE:OFG OFG Bancorp (OFG) Stock Price, News & Analysis $43.82 -0.72 (-1.62%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$43.60▼$45.7950-Day Range$36.77▼$46.8452-Week Range$28.18▼$47.57Volume188,197 shsAverage Volume228,034 shsMarket Capitalization$2.06 billionP/E Ratio11.21Dividend Yield2.28%Price Target$49.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get OFG Bancorp alerts: Email Address OFG Bancorp MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.6% Upside$49.33 Price TargetShort InterestHealthy0.95% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.91Based on 2 Articles This WeekInsider TradingSelling Shares$1.51 M Sold Last QuarterProj. Earnings Growth-0.94%From $4.27 to $4.23 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.76 out of 5 starsFinance Sector473rd out of 871 stocksState Commercial Banks Industry109th out of 177 stocks 2.5 Analyst's Opinion Consensus RatingOFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageOFG Bancorp has only been the subject of 3 research reports in the past 90 days.Read more about OFG Bancorp's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.95% 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 1.8, 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 8.96%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOFG Bancorp pays a meaningful dividend of 2.20%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOFG Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of OFG Bancorp is 25.58%. 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 23.64% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.Read more about OFG Bancorp's 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 2.2 News and Social Media Coverage News SentimentOFG Bancorp has a news sentiment score of 0.91. 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 higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for OFG Bancorp this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for OFG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days. 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 $1,512,794.00 in company stock.Percentage Held by InsidersOnly 3.11% of the stock of OFG Bancorp is held by insiders.Percentage Held by Institutions92.73% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about OFG Bancorp's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for OFG Bancorp are expected to decrease by -0.94% in the coming year, from $4.27 to $4.23 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OFG Bancorp is 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.08.Price to Earnings Ratio vs. SectorThe P/E ratio of OFG Bancorp is 11.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.60.Price to Book Value per Share RatioOFG Bancorp has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about OFG Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss Ratings“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.Learn these 4 simple steps and protect your savings before it’s too late. About OFG Bancorp Stock (NYSE:OFG)OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.Read More OFG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OFG Stock News HeadlinesSeptember 6 at 1:45 AM | americanbankingnews.comContrasting Central Pacific Financial (NYSE:CPF) & OFG Bancorp (NYSE:OFG)August 28, 2024 | americanbankingnews.comPiper Sandler Initiates Coverage on OFG Bancorp (NYSE:OFG)September 7, 2024 | Weiss Ratings (Ad)Who are Nvidia’s New Silent Partners?Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.August 18, 2024 | finance.yahoo.comOFG Sep 2024 45.000 call (OFG240920C00045000)August 11, 2024 | nz.finance.yahoo.comOFG Bancorp (OFP.DU)August 1, 2024 | finance.yahoo.comInsider Selling: Director Jorge Colon Sells 44,257 Shares of OFG Bancorp (OFG)July 22, 2024 | markets.businessinsider.comBuy Rating Reaffirmed for OFG Bancorp Amid Strong Financial Performance and Positive Growth ProspectsJuly 20, 2024 | msn.comOFG Bancorp (NYSE:OFG) Q2 2024 Earnings Call TranscriptSeptember 7, 2024 | Weiss Ratings (Ad)Who are Nvidia’s New Silent Partners?Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.July 20, 2024 | finance.yahoo.comOFG Bancorp Second Quarter 2024 Earnings: Beats ExpectationsJuly 19, 2024 | washingtonpost.comOFG: Q2 Earnings SnapshotJuly 19, 2024 | msn.comOFG Bancorp GAAP EPS of $1.08 beats by $0.12July 19, 2024 | markets.businessinsider.comOFG Bancorp Q2 Profit Beats EstimatesJuly 19, 2024 | gurufocus.comQ2 2024 OFG Bancorp Earnings Call TranscriptJuly 18, 2024 | seekingalpha.comOFG Bancorp 2024 Q2 - Results - Earnings Call PresentationJuly 18, 2024 | businesswire.comOFG Bancorp Reports 2Q24 ResultsJune 28, 2024 | seekingalpha.comOFG Bancorp: Taking The More Cautious RouteMay 10, 2024 | finance.yahoo.comOFG Bancorp First Quarter 2024 Earnings: EPS Beats ExpectationsSee More Headlines 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 Company Calendar Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/18/2024Today9/07/2024Ex-Dividend for 10/15 Dividend9/30/2024Dividend Payable10/15/2024Next Earnings (Estimated)10/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNYSE:OFG CUSIP67103X10 CIK1030469 Webwww.orientalbank.com Phone(787) 771-6800Fax787-771-6770Employees2,248Year FoundedN/APrice Target and Rating Average Stock Price Target$49.33 High Stock Price Target$51.00 Low Stock Price Target$48.00 Potential Upside/Downside+12.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.91 Trailing P/E Ratio11.21 Forward P/E Ratio10.26 P/E GrowthN/ANet Income$181.87 million Net Margins22.95% Pretax Margin32.64% Return on Equity16.25% Return on Assets1.75% Debt Debt-to-Equity Ratio0.16 Current Ratio0.86 Quick Ratio0.86 Sales & Book Value Annual Sales$658.56 million Price / Sales3.13 Cash Flow$4.17 per share Price / Cash Flow10.50 Book Value$25.36 per share Price / Book1.73Miscellaneous Outstanding Shares47,002,000Free Float45,540,000Market Cap$2.06 billion OptionableOptionable Beta0.99 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Jose Rafael Fernandez (Age 60)President, CEO & Vice Chairman Comp: $2.29MMs. Maritza Arizmendi Diaz CPA (Age 56)Esq., Chief Financial Officer Comp: $888.87kDr. Ganesh Kumar (Age 60)Chief Strategy Officer of U.S. Business Comp: $1.16MMs. Mari Evelyn Rodríguez Mimoso (Age 53)Chief Retail Banking Officer Comp: $490.24kMr. Cesar A. Ortiz-Marcano CPA (Age 49)Esq., Chief Risk Officer Comp: $504.91kMs. Ada Garcia Castello (Age 60)Managing Director of Customer Intelligence & Operations Krisen Aguirre TorresVice President Financial Reporting & Accounting ControlMr. Gary M. FishmanIR ContactMr. Hugh Gonzalez-Robison Esq. (Age 44)General Counsel & Secretary Ms. Jennifer Zapata NazarioManaging Director of Human ResourcesMore ExecutivesKey CompetitorsCommerce BancsharesNASDAQ:CBSHWebster FinancialNYSE:WBSPinnacle Financial PartnersNASDAQ:PNFPSouthStateNASDAQ:SSBPopularNASDAQ:BPOPView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 12,478 shares on 9/5/2024Ownership: 0.027%Point72 Asset Management L.P.Bought 5,800 shares on 8/19/2024Ownership: 0.015%Algert Global LLCBought 19,838 shares on 8/16/2024Ownership: 0.344%Quarry LPBought 996 shares on 8/16/2024Ownership: 0.004%The Manufacturers Life Insurance Company Bought 886 shares on 8/15/2024Ownership: 0.051%View All Insider TransactionsView All Institutional Transactions OFG Stock Analysis - Frequently Asked Questions How have OFG shares performed this year? OFG Bancorp's stock was trading at $37.48 at the beginning of 2024. Since then, OFG stock has increased by 16.9% and is now trading at $43.82. View the best growth stocks for 2024 here. How were OFG Bancorp's earnings last quarter? OFG Bancorp (NYSE:OFG) posted its earnings results on Thursday, July, 18th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. The company's quarterly revenue was up 5.2% compared to the same quarter last year. 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. Who are OFG Bancorp's major shareholders? OFG Bancorp's top institutional investors include Dimensional Fund Advisors LP (7.46%), LSV Asset Management (3.58%), Barrow Hanley Mewhinney & Strauss LLC (3.40%) and American Century Companies Inc. (2.06%). Insiders that own company stock include Jose Rafael Fernandez, Ganesh Kumar, Jorge Colon, Edwin Perez, Patrick J Haggarty, Jesus Nestor De, Julian Inclan and Cesar A Ortiz. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of OFG Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC) and AMC Entertainment (AMC). 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