News stories about OFG Bancorp (NYSE:OFG) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OFG Bancorp earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.1659650856852 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of brokerages have issued reports on OFG. BidaskClub lowered shares of OFG Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $12.50 price objective on shares of OFG Bancorp in a report on Friday, July 21st. Finally, ValuEngine lowered shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a report on Monday, July 17th.

OFG Bancorp (OFG) traded down 0.53% on Friday, hitting $9.35. 324,667 shares of the company were exchanged. The stock’s 50-day moving average price is $10.01 and its 200-day moving average price is $11.13. OFG Bancorp has a 52-week low of $9.05 and a 52-week high of $14.48. The stock has a market capitalization of $410.90 million, a P/E ratio of 8.47 and a beta of 1.48.

OFG Bancorp (NYSE:OFG) last announced its earnings results on Friday, July 21st. The bank reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $100.45 million during the quarter, compared to the consensus estimate of $90.95 million. OFG Bancorp had a return on equity of 8.36% and a net margin of 14.58%. During the same period in the prior year, the company posted $0.25 EPS. On average, equities research analysts anticipate that OFG Bancorp will post $1.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Wednesday, June 28th. OFG Bancorp’s payout ratio is 22.02%.

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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.

Insider Buying and Selling by Quarter for OFG Bancorp (NYSE:OFG)

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