OFG Bancorp (OFG) Set to Announce Earnings on Friday
OFG Bancorp (NYSE:OFG) will be releasing its earnings data before the market opens on Friday, October 20th. Analysts expect OFG Bancorp to post earnings of $0.28 per share for the quarter.
OFG Bancorp (NYSE:OFG) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $100.45 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.25 EPS. On average, analysts expect OFG Bancorp to post $1.12 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.
OFG Bancorp (NYSE:OFG) opened at 8.30 on Wednesday. The company has a market capitalization of $364.76 million, a PE ratio of 7.52 and a beta of 1.52. The firm’s 50 day moving average price is $9.00 and its 200-day moving average price is $9.95. OFG Bancorp has a 12-month low of $8.20 and a 12-month high of $14.48.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.89%. OFG Bancorp’s dividend payout ratio (DPR) is presently 22.02%.
Several equities analysts have recently issued reports on the company. BidaskClub cut OFG Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “hold” rating and set a $12.50 target price on shares of OFG Bancorp in a research note on Friday, July 21st. Finally, ValuEngine cut OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 17th.
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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.
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