Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
26 March 1987Website:
http://www.ofgbancorp.comNext earnings report:
24 January 2025Last dividends:
30 September 2024Next dividends:
31 December 2024Price
after hours | Thu, 31 Oct 2024 20:04:13 GMTAnalysts recommendations
Institutional Ownership
OFG Latest News
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.
- 1(current)
What type of business is OFG Bancorp?
OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.
What sector is OFG Bancorp in?
OFG Bancorp is in the Financial Services sector
What industry is OFG Bancorp in?
OFG Bancorp is in the Banks - Regional industry
What country is OFG Bancorp from?
OFG Bancorp is headquartered in United States
When did OFG Bancorp go public?
OFG Bancorp initial public offering (IPO) was on 26 March 1987
What is OFG Bancorp website?
https://www.ofgbancorp.com
Is OFG Bancorp in the S&P 500?
No, OFG Bancorp is not included in the S&P 500 index
Is OFG Bancorp in the NASDAQ 100?
No, OFG Bancorp is not included in the NASDAQ 100 index
Is OFG Bancorp in the Dow Jones?
No, OFG Bancorp is not included in the Dow Jones index
When was OFG Bancorp the previous earnings report?
No data
When does OFG Bancorp earnings report?
The next expected earnings date for OFG Bancorp is 24 January 2025