Headlines about OFG Bancorp (NYSE:OFG) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. OFG Bancorp earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.8425178059712 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- OFG Bancorp – Value Analysis (NYSE:OFG) : November 9, 2017 (finance.yahoo.com)
- Insider Buying: OFG Bancorp (OFG) Director Purchases 5,000 Shares of Stock (americanbankingnews.com)
- OFG Bancorp breached its 50 day moving average in a Bearish Manner : OFG-US : November 8, 2017 (finance.yahoo.com)
- $0.28 Earnings Per Share Expected for OFG Bancorp (OFG) This Quarter (americanbankingnews.com)
Several research analysts recently weighed in on OFG shares. Piper Jaffray Companies restated a “hold” rating and set a $11.00 target price on shares of OFG Bancorp in a research note on Friday, October 27th. ValuEngine downgraded OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 17th. BidaskClub downgraded OFG Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Sandler O’Neill upgraded OFG Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. OFG Bancorp currently has an average rating of “Hold” and a consensus target price of $12.33.
Shares of OFG Bancorp (OFG) traded up $0.35 during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 314,400 shares, compared to its average volume of 233,732. OFG Bancorp has a 1 year low of $7.80 and a 1 year high of $14.48. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The stock has a market cap of $369.15, a P/E ratio of 6.83 and a beta of 1.62.
OFG Bancorp (NYSE:OFG) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.12. OFG Bancorp had a return on equity of 9.05% and a net margin of 11.92%. The company had revenue of $98.39 million during the quarter, compared to analysts’ expectations of $90.60 million. During the same quarter in the previous year, the firm posted $0.14 EPS. sell-side analysts predict that OFG Bancorp will post 1.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.24 dividend on an annualized basis and a yield of 2.86%. OFG Bancorp’s dividend payout ratio is currently 28.92%.
In other news, Director Jesus Nestor De purchased 5,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $7.95 per share, with a total value of $39,750.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $42,930. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.56% of the company’s stock.
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.
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