$0.27 EPS Expected for OFG Bancorp (OFG) This Quarter

Equities analysts predict that OFG Bancorp (NYSE:OFG) will report $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for OFG Bancorp’s earnings. OFG Bancorp posted earnings of $0.26 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report on Friday, April 20th.

On average, analysts expect that OFG Bancorp will report full year earnings of $1.08 per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $1.10 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover OFG Bancorp.

OFG Bancorp (NYSE:OFG) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.21. OFG Bancorp had a return on equity of 9.61% and a net margin of 12.41%. The firm had revenue of $90.33 million for the quarter, compared to analyst estimates of $86.90 million. During the same quarter last year, the company earned $0.27 EPS.

A number of equities research analysts have weighed in on OFG shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $11.00 target price on shares of OFG Bancorp in a report on Friday, October 27th. Sandler O’Neill raised OFG Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, October 30th. ValuEngine raised OFG Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods raised OFG Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. OFG Bancorp presently has an average rating of “Hold” and an average price target of $12.33.

In other OFG Bancorp news, Director Jesus Nestor De bought 5,000 shares of OFG Bancorp stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $7.95 per share, with a total value of $39,750.00. Following the acquisition, the director now owns 5,400 shares in the company, valued at approximately $42,930. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.56% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Gator Capital Management LLC acquired a new stake in shares of OFG Bancorp in the 4th quarter valued at $1,197,000. LSV Asset Management boosted its holdings in shares of OFG Bancorp by 1.4% during the 4th quarter. LSV Asset Management now owns 1,342,806 shares of the bank’s stock valued at $12,622,000 after acquiring an additional 18,100 shares in the last quarter. Stilwell Value LLC boosted its holdings in shares of OFG Bancorp by 9.1% during the 4th quarter. Stilwell Value LLC now owns 1,614,868 shares of the bank’s stock valued at $15,180,000 after acquiring an additional 135,343 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of OFG Bancorp during the 4th quarter valued at $2,094,000. Finally, First Manhattan Co. boosted its holdings in shares of OFG Bancorp by 20.0% during the 4th quarter. First Manhattan Co. now owns 60,000 shares of the bank’s stock valued at $564,000 after acquiring an additional 10,000 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OFG Bancorp (NYSE OFG) traded up $0.25 during mid-day trading on Friday, hitting $11.60. The company’s stock had a trading volume of 424,641 shares, compared to its average volume of 402,254. The firm has a market cap of $498.80, a P/E ratio of 13.49 and a beta of 1.79. OFG Bancorp has a 52-week low of $7.80 and a 52-week high of $13.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.92.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Thursday, December 28th. OFG Bancorp’s dividend payout ratio is presently 27.91%.

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OFG Bancorp Company Profile

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services.

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