News stories about OFG Bancorp (NYSE:OFG) have trended positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OFG Bancorp earned a media sentiment score of 0.34 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

OFG Bancorp (OFG) traded down 2.00% during mid-day trading on Tuesday, reaching $9.80. 185,747 shares of the company were exchanged. The company has a market cap of $430.67 million, a P/E ratio of 8.88 and a beta of 1.48. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $11.25. OFG Bancorp has a 12 month low of $9.05 and a 12 month high of $14.48.

OFG Bancorp (NYSE:OFG) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $100.45 million during the quarter, compared to analyst estimates 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 previous year, the company earned $0.25 EPS. Equities analysts expect that OFG Bancorp will post $1.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.45%. OFG Bancorp’s dividend payout ratio is 22.02%.

Several research analysts have recently weighed in on the stock. ValuEngine lowered shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of OFG Bancorp in a report on Thursday, April 13th. Piper Jaffray Companies reiterated a “hold” rating and set a $12.50 price objective on shares of OFG Bancorp in a report on Friday, July 21st. Finally, BidaskClub lowered shares of OFG Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

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About OFG Bancorp

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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