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OFG Bancorp (OFG)

NYSE: OFG · IEX Real-Time Price · USD
26.25 0.08 (0.29%)
Oct 22, 2021 9:59 AM EDT - Market open
Market Cap1.31B
Revenue (ttm)501.22M
Net Income (ttm)117.43M
Shares Out51.66M
EPS (ttm)2.28
PE Ratio11.50
Forward PEn/a
Dividend$0.30 (1.14%)
Ex-Dividend DateSep 29, 2021
Volume9,778
Open26.04
Previous Close26.17
Day's Range25.88 - 26.27
52-Week Range13.55 - 26.52
Beta1.43
AnalystsBuy
Price Target33.00 (+25.7%)
Est. Earnings Daten/a

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, as well as time deposit products; commercial, consumer, auto, and mortgage lending; financial planning; and corporate and individual trust services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, st...

IndustryBanks
Founded1964
CEOJose Fernandez
Employees2,235
Stock ExchangeNYSE
Ticker SymbolOFG
Full Company Profile

Financial Performance

In 2020, OFG Bancorp's revenue was $440.11 million, an increase of 42.66% compared to the previous year's $308.49 million. Earnings were $74.33 million, an increase of 38.05%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for OFG Bancorp stock is "Buy." The 12-month stock price forecast is 33.00, which is an increase of 25.74% from the latest price.

Price Target
$33.00
(25.74% upside)
Analyst Consensus: Buy

News

OFG Bancorp (OFG) Q3 Earnings and Revenues Top Estimates

OFG (OFG) delivered earnings and revenue surprises of 19.12% and 2.14%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 day ago - Zacks Investment Research

OFG Bancorp Reports 3Q21 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, 2021. CEO Comment José Rafael...

2 days ago - Business Wire

OFG Bancorp (OFG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

OFG (OFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

Here's Why "Trend" Investors Would Love Betting on OFG (OFG)

OFG (OFG) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

4 weeks ago - Zacks Investment Research

OFG Bancorp to Report 3Q21 Results and Hold Call Wednesday, October 20, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report 3Q21 financial results on October 20, 2021 before the market opens and hold its conference call at 10:00 AM ET.

1 month ago - Business Wire

OFG Bancorp Invests $3 Million in Nymbus

MIAMI--(BUSINESS WIRE)--OFG Bancorp invests $3 million to further support significant demand for Nymbus' unique financial services growth model.

2 months ago - Business Wire

OFG Bancorp Announces New Share Repurchase Program of $50 Million

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG's capital action...

2 months ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 50%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per shar...

2 months ago - Business Wire

OFG Bancorp (OFG) Tops Q2 Earnings and Revenue Estimates

OFG (OFG) delivered earnings and revenue surprises of 47.17% and 5.20%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Recap: OFG Bancorp Q2 Earnings

Shares of OFG Bancorp (NYSE:OFG) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 100.00% year over year to $0.78, which beat the estimate of $0.53.

3 months ago - Benzinga

OFG Bancorp Reports 2Q21 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, 2021. CEO Comment José Rafael Fer...

3 months ago - Business Wire

OFG Bancorp (OFG) Earnings Expected to Grow: Should You Buy?

OFG (OFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

OFG Bancorp to Report 2Q21 Results and Hold Call Wednesday, July 21, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report second quarter 2021 financial results on Wednesday, July 21, 2021 before the market opens and hold its conference call that mo...

3 months ago - Business Wire

Here's Why "Trend" Investors Would Love Betting on OFG (OFG)

OFG (OFG) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

4 months ago - Zacks Investment Research

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 $0.08 per common share for the quarter ending June 30...

5 months ago - Business Wire

OFG Bancorp (OFG) Beats Q1 Earnings and Revenue Estimates

OFG (OFG) delivered earnings and revenue surprises of 21.74% and 0.16%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

OFG Bancorp Reports 1Q21 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the first quarter ended March 31, 2021. CEO Comment José Rafael Fer...

6 months ago - Business Wire

Why You Shouldn't Bet Against OFG Bancorp (OFG) Stock

OFG Bancorp (OFG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

6 months ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for April 1st

Top Ranked Momentum Stocks to Buy for April 1st

Other symbols:GSBCNUENX
6 months ago - Zacks Investment Research

OFG Bancorp to Report 1Q21 Results and Hold Call Wednesday, April 21, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2021 financial results Wednesday, April 21, 2021 before the market opens and hold its conference call that morni...

6 months ago - Business Wire

OFG Bancorp Announces Redemption of Series A, B and D Preferred Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) announces redemption of all three series of currently outstanding preferred stock at a redemption price of $25.00 per share

6 months ago - Business Wire

OFG Bancorp Declares Series D Preferred Stock Regular Quarterly Cash Dividend

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced that its Board of Directors declared a regular cash dividend of $0.4453125 per share on its 7.125% Non-Cumulative Perpetua...

8 months ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 14%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 14.3%, to $0.08 per common share, from $0.07 per s...

8 months ago - Business Wire

OFG Bancorp (OFG) CEO José Rafael Fernández on Q4 2020 Results - Earnings Call Transcript

OFG Bancorp (OFG) CEO José Rafael Fernández on Q4 2020 Results - Earnings Call Transcript

8 months ago - Seeking Alpha

OFG Bancorp (OFG) Q4 Earnings and Revenues Top Estimates

OFG (OFG) delivered earnings and revenue surprises of 20.83% and 3.71%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research