OFG Bancorp (OFG)

NYSE: OFG · IEX Real-Time Price · USD
33.77
+0.44 (1.31%)
Nov 29, 2023, 11:12 AM EST - Market open
1.31%
Market Cap 1.59B
Revenue (ttm) 625.86M
Net Income (ttm) 181.64M
Shares Out 47.13M
EPS (ttm) 3.81
PE Ratio 8.75
Forward PE 8.92
Dividend $0.88 (2.61%)
Ex-Dividend Date Dec 28, 2023
Volume 12,234
Open 33.66
Previous Close 33.33
Day's Range 33.45 - 34.04
52-Week Range 22.34 - 34.30
Beta 1.13
Analysts Buy
Price Target 37.00 (+9.58%)
Earnings Date Oct 20, 2023

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 leasing, and mortgage lending services; 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, ... [Read more]

Sector Financials
Founded 1964
Employees 2,260
Stock Exchange NYSE
Ticker Symbol OFG
Full Company Profile

Financial Performance

In 2022, OFG Bancorp's revenue was $589.65 million, an increase of 9.12% compared to the previous year's $540.36 million. Earnings were $166.24 million, an increase of 14.73%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for OFG stock is "Buy" and the 12-month stock price forecast is $37.0.

Price Target
$37.0
(9.58% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 $0.22 per common share for the quarter ending Decem...

4 weeks ago - Business Wire

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 ...

5 weeks 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 ...

2 months ago - Business Wire

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...

4 months 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 ...

5 months ago - Business Wire

OFG Bancorp Reports 1Q23 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, 2023. EPS diluted of $0.96 comp...

7 months ago - Business Wire

OFG Bancorp to Report 1Q23 Results and Hold Call Thursday, April 20, 2023

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

8 months ago - Business Wire

OFG Bancorp Reports 4Q22 & 2022 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2022.

10 months ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 10%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 10%, to $0.22 per common share from $0.20 per ...

10 months ago - Business Wire

OFG Bancorp to Report 4Q22 Results and Hold Call Thursday, January 26, 2023

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2022 financial results on Thursday, January 26, 2023, before the market opens and hold its conference call ...

1 year ago - Business Wire

OFG Bancorp Reports 3Q22 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, 2022.

1 year ago - Business Wire

OFG Bancorp to Report 3Q22 Results and Hold Call Thursday, October 20, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2022 financial results on Thursday, October 20, 2022, before the market opens and hold its conference call tha...

1 year ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 33%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 33%, to $0.20 per common share from $0.15 per sh...

1 year ago - Business Wire

OFG Bancorp Reports 2Q22 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, 2022. EPS diluted was $0.84 com...

1 year ago - Business Wire

OFG Bancorp to Report 2Q22 Results and Hold Call Thursday, July 21, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report second quarter 2022 financial results on Thursday, July 21, 2022, before the market opens and hold its conference call that ...

1 year ago - Business Wire

OFG Bancorp Reports 1Q22 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, 2022. EPS diluted was $0.76 com...

1 year ago - Business Wire

OFG Bancorp to Report 1Q22 Results and Hold Call Thursday, April 21, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2022 financial results on Thursday, April 21, 2022, before the market opens and hold its conference call that ...

1 year ago - Business Wire

OFG Bancorp Announces New Share Repurchase Program of $100 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 $100 million as part of OFG's capital actio...

1 year ago - Business Wire

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 25%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 25%, to $0.15 per common share from $0.12 per sh...

1 year ago - Business Wire

OFG Bancorp Reports 4Q21 & 2021 Results

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended Dec. 31, 2021. Summary 4Q21: EP...

2 years ago - Business Wire

OFG Bancorp to Report 4Q21 Results and Hold Call Wednesday, January 19, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2021 financial results on Wednesday, January 19, 2022, before the market opens and hold its conference call t...

2 years ago - Business Wire

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 Rafa...

2 years ago - Business Wire

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.

2 years 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 years 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 acti...

2 years ago - Business Wire