OFG Bancorp (OFG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $40.65 to $42.38
• 50-Day Range: $38.97 to $46.76
• 52-Week Range: $33.19 to $47.66
• Volume: 1.84 million shs
• Average Volume: 249,206 shs
• Market Capitalization: $1.92 billion
• P/E Ratio: 10.17
• Dividend Yield: 2.39%
• Price Target: $50.00
• Consensus Rating: Buy

OFG Bancorp Stock Analysis - MarketRank™

OFG Bancorp scored higher than 62% of companies evaluated by MarketBeat, and ranked 511th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

OFG Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

OFG Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -0.97%

Earnings Growth

Earnings for OFG Bancorp are expected to decrease by -0.97% in the coming year, from $4.11 to $4.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of OFG Bancorp is 10.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of OFG Bancorp is 10.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.71.

Price to Book Value per Share Ratio

OFG Bancorp has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% of the float of OFG Bancorp has been sold short.

Short Interest Ratio / Days to Cover

OFG 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 month

Short interest in OFG Bancorp has recently increased by 40.36%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

OFG Bancorp pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

OFG Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of OFG Bancorp is 24.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 24.57% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.11% of the float of OFG Bancorp has been sold short.

Short Interest Ratio / Days to Cover

OFG 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 month

Short interest in OFG Bancorp has recently increased by 40.36%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.38

News Sentiment

OFG Bancorp has a news sentiment score of 1.38. 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 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for OFG Bancorp this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for OFG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $2,262,000.00 in company stock.

Percentage Held by Insiders

Only 3.11% of the stock of OFG Bancorp is held by insiders.

Percentage Held by Institutions

92.73% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OFG Stock Analysis - Frequently Asked Questions

How have OFG shares performed this year?

OFG Bancorp's stock was trading at $37.48 on January 1st, 2024. Since then, OFG shares have increased by 11.6% and is now trading at $41.81.
View the best growth stocks for 2024 here.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) announced its quarterly earnings results on Wednesday, October, 16th. The bank reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by $0.02. OFG Bancorp's quarterly revenue was up 1.1% compared to the same quarter last year.

Is OFG Bancorp doing a stock buyback?

OFG Bancorp's board initiated a share buyback plan on Monday, October 28th 2024, which permits the company to repurchase $50,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Who are OFG Bancorp's major shareholders?

OFG Bancorp's top institutional investors include State Street Corp (4.74%), Charles Schwab Investment Management Inc. (3.52%), Geode Capital Management LLC (2.36%) and Wellington Management Group LLP (1.68%). 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 Chevron (CVX), Bristol-Myers Squibb (BMY), McKesson (MCK), Comcast (CMCSA), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Toronto-Dominion Bank (TD).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/16/2024
• Today: 12/21/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:OFG
• CUSIP: 67103X10
• CIK: 1030469
• Web: www.orientalbank.com
• Phone: (787) 771-6800
• Fax: 787-771-6770
• Employees: 2,248
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $50.00
• High Stock Price Target: $53.00
• Low Stock Price Target: $47.00
• Potential Upside/Downside: +19.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.11
• Trailing P/E Ratio: 10.17
• Forward P/E Ratio: 10.17
• P/E Growth: N/A
• Net Income: $181.87 million
• Net Margins: 22.68%
• Pretax Margin: 31.43%
• Return on Equity: 15.69%
• Return on Assets: 1.72%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 0.86
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $662.15 million
• Price / Sales: 2.90
• Cash Flow: $4.19 per share
• Price / Cash Flow: 9.97
• Book Value: $25.36 per share
• Price / Book: 1.65

Miscellaneous

• Outstanding Shares: 45,898,000
• Free Float: 44,471,000
• Market Cap: $1.92 billion
• Optionable: Optionable
• Beta: 1.02