OFG Bancorp. Reaches New 12-Month Low at $14.05 (OFG)
OFG Bancorp. (NYSE:OFG)’s share price reached a new 52-week low during trading hours on Monday , American Banking and Market News reports. The company traded as low as $14.05 and last traded at $14.52, with a volume of 722,609 shares traded. The stock had previously closed at $14.73.
A number of analysts have recently weighed in on OFG shares. Analysts at Zacks downgraded shares of OFG Bancorp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 14th. They now have a $14.60 price target on the stock. Analysts at Guggenheim initiated coverage on shares of OFG Bancorp. in a research note to investors on Friday, December 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.32.
The stock has a 50-day moving average of $15.75 and a 200-day moving average of $16.55. The company has a market cap of $665.5 million and a P/E ratio of 8.51.
OFG Bancorp. (NYSE:OFG) last released its earnings data on Monday, February 3rd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.05. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, analysts predict that OFG Bancorp. will post $1.69 earnings per share for the current fiscal year.
OFG Bancorp, formerly Oriental Financial Group Inc is a diversified financial holding company. The Company’s three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provides a range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 64 financial centers.
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