Brokerages expect OFG Bancorp (NYSE:OFG) to post earnings of $0.27 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for OFG Bancorp’s earnings. OFG Bancorp reported earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is scheduled to issue its next quarterly earnings results on Friday, April 20th.

On average, analysts expect that OFG Bancorp will report full year earnings of $1.08 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $1.10 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow OFG Bancorp.

OFG Bancorp (NYSE:OFG) last issued its earnings results on Tuesday, January 30th. The bank reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.21. OFG Bancorp had a return on equity of 9.61% and a net margin of 12.41%. The company had revenue of $90.33 million during the quarter, compared to the consensus estimate of $86.90 million. During the same period in the previous year, the firm posted $0.27 earnings per share.

Several equities research analysts recently commented on the company. ValuEngine raised OFG Bancorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods raised OFG Bancorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. Piper Jaffray Companies reissued a “hold” rating and set a $11.00 target price on shares of OFG Bancorp in a report on Friday, October 27th. Finally, Sandler O’Neill upgraded shares of OFG Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $12.33.

OFG Bancorp (NYSE OFG) traded up $0.15 on Friday, hitting $11.10. The stock had a trading volume of 103,186 shares, compared to its average volume of 395,792. The company has a market capitalization of $476.83, a PE ratio of 8.16 and a beta of 1.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.92. OFG Bancorp has a 52 week low of $7.80 and a 52 week high of $13.60.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, December 28th. OFG Bancorp’s payout ratio is 27.91%.

A number of hedge funds and other institutional investors have recently bought and sold shares of OFG. Stilwell Value LLC grew its position in OFG Bancorp by 961.5% during the 2nd quarter. Stilwell Value LLC now owns 13,289,640 shares of the bank’s stock worth $13,290,000 after purchasing an additional 12,037,639 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of OFG Bancorp by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,058,799 shares of the bank’s stock valued at $50,588,000 after purchasing an additional 271,986 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in OFG Bancorp during the 4th quarter worth $2,094,000. Schneider Capital Management Corp lifted its position in OFG Bancorp by 63.9% during the 2nd quarter. Schneider Capital Management Corp now owns 453,706 shares of the bank’s stock worth $4,537,000 after acquiring an additional 176,958 shares during the last quarter. Finally, Gator Capital Management LLC acquired a new position in OFG Bancorp during the 4th quarter worth $1,197,000. Hedge funds and other institutional investors own 97.42% of the company’s stock.

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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.

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