Key Details
Price
$45.42Last Dividend
$0.25Annual ROE
16.27%Beta
1.02Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 16, 2024Recent annual earnings:
Jan 24, 2024Next ex-dividend date:
Dec 31, 2024Recent ex-dividend date:
Sept 30, 2024Next split:
N/ARecent split:
Dec 29, 2004Analyst ratings
Recent major analysts updates
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.25 per common share for the quarter ending December 31, 2024. The dividend is payable January 15, 2025, to holders of record at December 31, 2024, with an ex-dividend date of December 31, 2024. About OFG Bancorp Now in its 60th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S.
OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2024. EPS diluted of $1.00 compared to $1.08 in 2Q24 and $0.95 in 3Q23. Total core revenues of $174.1 million compared to $179.4 million in 2Q24 and $172.2 million in 3Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The third quarter was another solid quarter of performance with EPS-diluted up 5.
OFG Bancorp (NYSE:OFG ) Q3 2024 Earnings Conference Call October 16, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman & CEO Maritza Arizmendi - CFO Conference Call Participants Kelly Motta - KBW Operator Good morning. Thank you for joining the OFG Bancorp's Conference Call.
Puerto Rico's economy continues to remain remarkable, which contributes to my positive outlook on loan growth. Rate cuts will likely also drive loan growth. The net interest margin will likely resume its downtrend due to interest rate cuts. The December 2025 target price suggests an upside of ~8.6% from the October 14 closing price. Further, OFG is offering a dividend yield of 2.25%.
Does OFG Bancorp (OFG) have what it takes to be a top stock pick for momentum investors? Let's find out.
OFG (OFG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
OFG Bancorp (OFG) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.93 per share a year ago.
OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The intense selling pressure for OFG may have eased as it is now in oversold territory according to technical indicators. Additionally, the consensus among analysts in raising earnings estimates suggests that the stock is poised for a turnaround.
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