OFG Bancorp
About: OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
Employees: 2,236
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,700% more call options, than puts
Call options by funds: $72K | Put options by funds: $4K
186% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 14
17% more capital invested
Capital invested by funds: $1.66B [Q2] → $1.94B (+$281M) [Q3]
12% more funds holding
Funds holding: 226 [Q2] → 252 (+26) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 84
1.43% less ownership
Funds ownership: 94.15% [Q2] → 92.72% (-1.43%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$47
9%
upside
Avg. target
$50
15%
upside
High target
$53
22%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 55% 1-year accuracy 11 / 20 met price target | 22%upside $53 | Outperform Maintained | 4 Dec 2024 |
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target | 13%upside $49 | Overweight Maintained | 3 Dec 2024 |
Piper Sandler Frank Schiraldi 52% 1-year accuracy 15 / 29 met price target | 9%upside $47 | Overweight Maintained | 17 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
2 days ago
OFG Bancorp to Report 4Q24 Results and Hold Call Wednesday, January 22, 2025
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2024 financial results on Wednesday, January 22, 2025, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ424 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webc.
Neutral
Business Wire
1 month ago
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 December 31, 2024. The dividend is payable January 15, 2025, to holders of record at December 31, 2024, with an ex-dividend date of December 31, 2024. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S.
Neutral
Business Wire
1 month ago
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. The new plan, which is open-ended, is in addition to the previously authorized stock repurchase plan. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.
Neutral
Business Wire
2 months ago
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 celebrate the 60th anniversary of the founding of its principal subsidiary, Oriental Bank, as well as OFG's 30th anniversary of trading on the exchange. José Rafael Fernández, Chairman and Chief Executive Officer, said: “We are extremely proud of what we've accomplished since 1964 when we were one of.
Neutral
Seeking Alpha
2 months ago
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 Kelly Motta - KBW Operator Good morning. Thank you for joining the OFG Bancorp's Conference Call.
Negative
Zacks Investment Research
2 months ago
OFG Bancorp (OFG) Lags Q3 Earnings and Revenue Estimates
OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago.
Neutral
Business Wire
2 months ago
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 $1.00 compared to $1.08 in 2Q24 and $0.95 in 3Q23. Total core revenues of $174.1 million compared to $179.4 million in 2Q24 and $172.2 million in 3Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The third quarter was another solid quarter of performance with EPS-diluted up 5.
Positive
Seeking Alpha
2 months ago
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 its downtrend due to interest rate cuts. The December 2025 target price suggests an upside of ~8.6% from the October 14 closing price. Further, OFG is offering a dividend yield of 2.25%.
Neutral
Business Wire
3 months ago
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 that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ324 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webca.
Positive
Zacks Investment Research
3 months ago
OFG Bancorp (OFG) Is Up 0.11% in One Week: What You Should Know
Does OFG Bancorp (OFG) have what it takes to be a top stock pick for momentum investors? Let's find out.
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