OFG Bancorp (OFG) Hits New 1-Year High at $11.25
OFG Bancorp (NYSE:OFG) shares reached a new 52-week high on Friday . The company traded as high as $11.25 and last traded at $11.15, with a volume of 199,030 shares. The stock had previously closed at $10.67.
OFG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered OFG Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 9th. Merion Capital Group boosted their target price on OFG Bancorp from $6.75 to $9.75 and gave the stock an “outperform” rating in a report on Monday, April 25th. Piper Jaffray Cos. initiated coverage on OFG Bancorp in a report on Friday, April 8th. They set a “neutral” rating and a $7.50 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on OFG Bancorp from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.56.
The stock’s 50 day moving average is $9.22 and its 200-day moving average is $7.63. The stock has a market capitalization of $481.30 million and a price-to-earnings ratio of 26.35.
OFG Bancorp (NYSE:OFG) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. During the same quarter in the previous year, the firm posted ($0.15) EPS. Analysts predict that OFG Bancorp will post $0.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.24 annualized dividend and a yield of 2.19%.
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. 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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