OFG Bancorp (OFG) Stock Price Down 2.5%
OFG Bancorp (NYSE:OFG)’s share price traded down 2.5% on Friday . The company traded as low as $10.46 and last traded at $10.50, with a volume of 60,378 shares trading hands. The stock had previously closed at $10.77.
A number of equities analysts have weighed in on the stock. Merion Capital Group lifted their price target on shares of OFG Bancorp from $6.75 to $9.75 and gave the company an “outperform” rating in a report on Monday, April 25th. Zacks Investment Research upgraded shares of OFG Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of OFG Bancorp from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Monday, July 25th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $9.50 target price (up previously from $7.50) on shares of OFG Bancorp in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $10.85.
The firm has a market cap of $465.48 million and a price-to-earnings ratio of 25.48. The firm’s 50-day moving average is $9.56 and its 200-day moving average is $7.80.
OFG Bancorp (NYSE:OFG) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. During the same quarter last year, the business posted ($0.15) EPS. Equities research analysts forecast that OFG Bancorp will post $0.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.26%.
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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