OFG Bancorp (OFG) Receives News Sentiment Score of 0.22
Media stories about OFG Bancorp (NYSE:OFG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OFG Bancorp earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.8068310849911 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- OFG Bancorp (OFG) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- OFG Bancorp (OFG) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- OFG Bancorp (OFG) Hits a 52-Week High, Can the Run Continue? (finance.yahoo.com)
- Stock Traders Purchase High Volume of Call Options on OFG Bancorp (OFG) (americanbankingnews.com)
- Notable Monday Option Activity: AMZN, OFG, GOOG (nasdaq.com)
A number of analysts have commented on OFG shares. Zacks Investment Research raised shares of OFG Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday. ValuEngine cut shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $14.00 price target on shares of OFG Bancorp in a research report on Monday, April 23rd. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $12.00 price target on shares of OFG Bancorp in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.50.
OFG Bancorp (NYSE:OFG) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. OFG Bancorp had a net margin of 12.93% and a return on equity of 9.80%. The firm had revenue of $92.51 million for the quarter. equities analysts anticipate that OFG Bancorp will post 1.12 EPS for the current year.
About OFG Bancorp
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; and financial planning, investment brokerage, corporate and individual trust, and retirement services.
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