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 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
965% more call options, than puts
Call options by funds: $181K | Put options by funds: $17K
1.92% less ownership
Funds ownership: 94.55% [Q3] → 92.63% (-1.92%) [Q4]
7% less funds holding
Funds holding: 252 [Q3] → 234 (-18) [Q4]
9% less capital invested
Capital invested by funds: $1.98B [Q3] → $1.8B (-$177M) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 90
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$48
14%
upside
Avg. target
$52
23%
upside
High target
$55
31%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Timur Braziler 41% 1-year accuracy 13 / 32 met price target | 14%upside $48 | Overweight Maintained | 23 Jan 2025 |
Keefe, Bruyette & Woods Kelly Motta 53% 1-year accuracy 10 / 19 met price target | 31%upside $55 | Outperform Maintained | 23 Jan 2025 |
Financial journalist opinion
Based on 5 articles about OFG published over the past 30 days
Positive
Seeking Alpha
2 weeks ago
OFG Bancorp: The Picture Looks Better Than I Previously Thought
OFG Bancorp's asset quality and digital-first strategy have driven a 15.2% share price increase, outperforming the S&P 500's 10.4% gain. Despite mixed valuation metrics, OFG Bancorp's strong return on assets and equity, along with diverse income streams, justify a soft 'buy' rating. Recent improvements include a rise in deposits and securities, increased net income, and significant share buybacks, signaling management's optimism.
Positive
Zacks Investment Research
3 weeks ago
Should Value Investors Buy OFG Bancorp (OFG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
3 weeks ago
Watch These 5 Stocks That Recently Announced Dividend Hikes
Investors may keep a tab on stocks like FBK, OFG, UTL, SCHW and AJG, which have lately hiked their dividend payments.
Positive
Seeking Alpha
3 weeks ago
OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook
The continued improvement of Puerto Rico's unemployment rate gives me hope that loan growth can improve this year. However, other economic metrics are mixed. As the deposit cost is mostly inflexible, the margin will likely continue to decline this year. I haven't changed my EPS estimate for 2025, which remains at $4.25.
Neutral
Business Wire
3 weeks ago
OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend to $0.30
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 20% to $0.30 per common share from $0.25 per share, for the quarter ending March 31, 2025, as part of OFG's capital actions this year. The dividend is payable April 15, 2025, to holders of record at March 31, 2025. About OFG Bancorp Now in its 61st year in business, OFG Bancorp is a diversified financial holding company that operates under U.S.,.
Neutral
Seeking Alpha
1 month ago
OFG Bancorp (OFG) Q4 2024 Earnings Call Transcript
OFG Bancorp (NYSE:OFG ) Q4 2024 Earnings Conference Call January 22, 2025 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi Diaz - Chief Financial Officer Cesar Ortiz Marcano - Chief Risk Officer Conference Call Participants Kelly Motta - KBW Ynyra Bohan - Hovde Group Timur Braziler - Wells Fargo Operator Good morning. Thank you for joining OFG Bancorp's Conference Call.
Positive
Zacks Investment Research
1 month ago
OFG Bancorp (OFG) Q4 Earnings and Revenues Beat Estimates
OFG Bancorp (OFG) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.98 per share a year ago.
Neutral
Business Wire
1 month ago
OFG Bancorp Reports 4Q24 & 2024 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, 2024. 4Q24: EPS diluted of $1.09 compared to $1.00 in 3Q24 and $0.98 in 4Q23. Total core revenues of $181.9 million compared to $174.1 million in 3Q24 and $175.6 million in 4Q23. Full Year 2024: EPS diluted of $4.23 compared to $3.83 in 2023. Total core revenues of $709.6 million compared to $682.7 million in.
Neutral
Business Wire
2 months 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
3 months 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.
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