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.

TRADEMARK VIOLATION WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/08/0-27-eps-expected-for-ofg-bancorp-ofg-this-quarter.html.

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.

Get a free copy of the Zacks research report on OFG Bancorp (OFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for OFG Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFG Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.