OFG Bancorp (OFG)

NYSE: OFG · Real-Time Price · USD
43.44
0.00 (0.00%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.00%
Market Cap 1.99B
Revenue (ttm) 639.46M
Net Income (ttm) 194.42M
Shares Out 45.90M
EPS (ttm) 4.13
PE Ratio 10.52
Forward PE 11.19
Dividend $1.00 (2.30%)
Ex-Dividend Date Dec 31, 2024
Volume 149,450
Open 43.42
Previous Close 43.44
Day's Range 42.85 - 43.61
52-Week Range 32.96 - 47.57
Beta 1.02
Analysts Buy
Price Target 47.50 (+9.35%)
Earnings Date Oct 16, 2024

About 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 securi... [Read more]

Sector Financials
Founded 1964
Employees 2,248
Stock Exchange NYSE
Ticker Symbol OFG
Full Company Profile

Financial Performance

In 2023, OFG Bancorp's revenue was $628.61 million, an increase of 6.62% compared to the previous year's $589.61 million. Earnings were $181.87 million, an increase of 9.40%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for OFG stock is "Buy." The 12-month stock price forecast is $47.5, which is an increase of 9.35% from the latest price.

Price Target
$47.5
(9.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OFG Bancorp Declares Regular Quarterly Common Stock Dividend

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending Decem...

23 days ago - Business Wire

OFG Bancorp Announces New $50 Million Share Repurchase Plan

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new $50 million stock repurchase authorization plan as part of OFG's capital actions. ...

23 days ago - Business Wire

OFG Bancorp to Ring Opening Bell to Celebrate 60th Anniversary and 30th Year Listing on NYSE

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced that management and board members will ring the opening bell at the New York Stock Exchange on Friday, October 25, to ce...

27 days ago - Business Wire

OFG Bancorp (OFG) Q3 2024 Earnings Call Transcript

OFG Bancorp (NYSE:OFG) Q3 2024 Earnings Conference Call October 16, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman & CEO Maritza Arizmendi - CFO Conference Call Participants K...

5 weeks ago - Seeking Alpha

OFG Bancorp Reports 3Q24 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2024. EPS diluted of ...

5 weeks ago - Business Wire

OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate

Puerto Rico's economy continues to remain remarkable, which contributes to my positive outlook on loan growth. Rate cuts will likely also drive loan growth. The net interest margin will likely resume ...

5 weeks ago - Seeking Alpha

OFG Bancorp to Report 3Q24 Results and Hold Call Wednesday, October 16, 2024

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2024 financial results on Wednesday, October 16, 2024, before the market opens and hold its conference call th...

2 months ago - Business Wire

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending Septe...

4 months ago - Business Wire

OFG Bancorp (OFG) Q2 2024 Earnings Call Transcript

OFG Bancorp (NYSE:OFG) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi - Chief Financial...

4 months ago - Seeking Alpha

OFG Bancorp Reports 2Q24 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2024. EPS diluted of $1.0...

4 months ago - Business Wire

OFG Bancorp to Report 2Q24 Results and Hold Call Thursday, July 18, 2024

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report second quarter 2024 financial results on Thursday, July 18, 2024, before the market opens and hold its conference call that ...

5 months ago - Business Wire

OFG Bancorp (OFG) Q1 2024 Earnings Call Transcript

OFG Bancorp (NYSE:OFG) Q1 2024 Earnings Conference Call April 18, 2024 10:00 AM ET Company Participants José Rafael Fernández - Chief Executive Officer & Vice Chair Maritza Arizmendi - Chief Financia...

7 months ago - Seeking Alpha

OFG Bancorp Reports 1Q24 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024. EPS diluted of $1.0...

7 months ago - Business Wire

OFG Bancorp to Report 1Q24 Results and Hold Call Thursday, April 18, 2024

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2024 financial results on Thursday, April 18, 2024, before the market opens and hold its conference call that ...

8 months ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend to $0.25

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 13.6%, to $0.25 per common share from $0.22 per ...

10 months ago - Business Wire

OFG Bancorp (OFG) Q4 2023 Earnings Call Transcript

OFG Bancorp (OFG) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

OFG Bancorp rises on earnings beat

Jose Rafael Fernandez, OFG Bancorp vice chair and CEO, joins 'The Exchange' to discuss OFG Bancorp's stock, Puerto Rico's economic recovery, and more.

10 months ago - CNBC Television

OFG Bancorp Reports 4Q23 & 2023 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the fourth quarter and year ended December 31, 2023. 4Q23: ...

10 months ago - Business Wire

OFG Bancorp to Report 4Q23 Results and Hold Call Wednesday, January 24, 2024

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2023 financial results on Wednesday, January 24, 2024, before the market opens and hold its conference call t...

11 months ago - Business Wire

OFG Bancorp (OFG) Q3 2023 Earnings Call Transcript

OFG Bancorp (OFG) Q3 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

OFG Bancorp Reports 3Q23 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023. EPS diluted of $0.95 ...

1 year ago - Business Wire

OFG Bancorp to Report 3Q23 Results and Hold Call Friday, October 20, 2023

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2023 financial results on Friday, October 20, 2023, before the market opens and hold its conference call that ...

1 year ago - Business Wire

OFG Bancorp (OFG) Q2 2023 Earnings Call Transcript

OFG Bancorp (NYSE:OFG) Q2 2023 Earnings Conference Call July 20, 2023 10:00 AM ET Company Participants Jose Rafael Fernandez - President and CEO Maritza Arizmendi - CFO Conference Call Participants T...

1 year ago - Seeking Alpha

OFG Bancorp Reports 2Q23 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2023. EPS diluted of $0.93 comp...

1 year ago - Business Wire

OFG Bancorp to Report 2Q23 Results and Hold Call Thursday, July 20, 2023

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report second quarter 2023 financial results on Thursday, July 20, 2023, before the market opens and hold its conference call that ...

1 year ago - Business Wire