News articles about OFG Bancorp (NYSE:OFG) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OFG Bancorp earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.2254933597011 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

OFG Bancorp (OFG) traded down 1.12% during midday trading on Friday, reaching $8.85. The company’s stock had a trading volume of 176,584 shares. OFG Bancorp has a 1-year low of $8.40 and a 1-year high of $14.48. The company’s 50-day moving average price is $9.06 and its 200-day moving average price is $10.07. The company has a market capitalization of $388.93 million, a price-to-earnings ratio of 8.02 and a beta of 1.52.

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, topping the Zacks’ consensus estimate of $0.26 by $0.04. OFG Bancorp had a return on equity of 8.36% and a net margin of 14.58%. The company had revenue of $100.45 million during the quarter, compared to analyst estimates of $90.95 million. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, analysts predict that OFG Bancorp will post $1.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.24 dividend on an annualized basis and a yield of 2.71%. OFG Bancorp’s dividend payout ratio (DPR) is presently 22.02%.

Several equities analysts have commented on OFG shares. ValuEngine lowered shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $12.50 price target on shares of OFG Bancorp in a report on Friday, July 21st. Finally, BidaskClub downgraded OFG Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

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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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