OFG Bancorp (NYSE:OFG – Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect OFG Bancorp to post earnings of $0.97 per share and revenue of $148,050.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
OFG Bancorp Trading Up 2.2 %
OFG opened at $44.25 on Tuesday. The firm has a market cap of $2.03 billion, a P/E ratio of 10.77 and a beta of 1.02. The stock has a 50-day moving average of $43.60 and a 200 day moving average of $43.15. OFG Bancorp has a 12 month low of $33.19 and a 12 month high of $47.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.
OFG Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. OFG Bancorp’s dividend payout ratio (DPR) is presently 24.33%.
Insider Activity
In other news, CEO Jose Rafael Fernandez sold 50,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $45.24, for a total transaction of $2,262,000.00. Following the sale, the chief executive officer now owns 284,775 shares of the company’s stock, valued at approximately $12,883,221. This represents a 14.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.16% of the company’s stock.
Analyst Ratings Changes
OFG has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of OFG Bancorp from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of OFG Bancorp from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler lowered their price objective on OFG Bancorp from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th.
Read Our Latest Stock Report on OFG
About OFG Bancorp
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.
Featured Articles
- Five stocks we like better than OFG Bancorp
- 3 Monster Growth Stocks to Buy Now
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Low PE Growth Stocks: Unlocking Investment Opportunities
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Receive News & Ratings for OFG Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFG Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.