Favorable Media Coverage Somewhat Unlikely to Impact OFG Bancorp (OFG) Stock Price

News headlines about OFG Bancorp (NYSE:OFG) have been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty 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 coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.14819101266 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

OFG has been the topic of a number of research analyst reports. ValuEngine lowered OFG Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and issued a $11.50 target price on shares of OFG Bancorp in a research note on Friday, October 6th. Sandler O’Neill upgraded OFG Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods upgraded OFG Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.33.

Shares of OFG Bancorp (NYSE OFG) opened at $9.30 on Friday. The firm has a market capitalization of $415.30, a PE ratio of 7.68 and a beta of 1.65. OFG Bancorp has a fifty-two week low of $7.80 and a fifty-two week high of $14.25. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

OFG Bancorp (NYSE:OFG) last issued its earnings results on Wednesday, October 25th. The bank reported $0.40 earnings per share for the quarter, beating the 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 period in the prior year, the business posted $0.14 EPS. equities analysts predict that OFG Bancorp will post 1.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, December 28th. OFG Bancorp’s dividend payout ratio (DPR) is currently 28.92%.

In other OFG Bancorp news, Director Jesus Nestor De acquired 5,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $7.95 per share, for a total transaction of $39,750.00. Following the acquisition, the director now owns 5,400 shares in the company, valued at approximately $42,930. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.56% of the company’s stock.

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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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