ValuEngine lowered shares of OFG Bancorp (NYSE:OFG) from a buy rating to a hold rating in a report released on Tuesday, February 13th.
OFG has been the subject of a number of other research reports. Piper Jaffray Companies reiterated a hold rating and issued a $11.00 price objective on shares of OFG Bancorp in a report on Friday, October 27th. Sandler O’Neill upgraded OFG Bancorp from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods upgraded 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, two have issued a hold rating and two have given a buy rating to the company. OFG Bancorp currently has an average rating of Hold and an average target price of $12.33.
OFG Bancorp (OFG) opened at $11.20 on Tuesday. 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 company has a market cap of $492.21, a P/E ratio of 8.42 and a beta of 1.79.
OFG Bancorp (NYSE:OFG) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. The company had revenue of $90.33 million during the quarter, compared to analyst estimates of $86.90 million. OFG Bancorp had a return on equity of 9.61% and a net margin of 12.41%. During the same quarter last year, the firm posted $0.27 earnings per share. equities research analysts predict that OFG Bancorp will post 1.08 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Stilwell Value LLC lifted its position in shares of OFG Bancorp by 961.5% during the 2nd quarter. Stilwell Value LLC now owns 13,289,640 shares of the bank’s stock valued at $13,290,000 after buying an additional 12,037,639 shares in the last quarter. BlackRock Inc. lifted its position in shares of OFG Bancorp by 1.7% during the 4th quarter. BlackRock Inc. now owns 5,765,959 shares of the bank’s stock valued at $54,200,000 after buying an additional 95,632 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of OFG Bancorp by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,058,799 shares of the bank’s stock valued at $50,588,000 after buying an additional 271,986 shares in the last quarter. LSV Asset Management lifted its position 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 buying an additional 18,100 shares in the last quarter. Finally, Snow Capital Management LP lifted its position in shares of OFG Bancorp by 2.0% during the 4th quarter. Snow Capital Management LP now owns 1,167,366 shares of the bank’s stock valued at $10,973,000 after buying an additional 22,743 shares in the last quarter. 98.06% of the stock is currently owned by institutional investors and hedge funds.
About OFG Bancorp
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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