OFG Bancorp (OFG) Earns Daily News Impact Rating of 0.14

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News articles about OFG Bancorp (NYSE:OFG) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OFG Bancorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.8318882608905 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities analysts recently weighed in on OFG shares. ValuEngine raised OFG Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $12.00 price target on shares of OFG Bancorp in a research note on Tuesday, February 27th. Zacks Investment Research raised OFG Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, May 17th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $14.00 price target on shares of OFG Bancorp in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. OFG Bancorp presently has an average rating of “Buy” and an average price target of $13.50.

Shares of OFG Bancorp opened at $14.35 on Friday, according to Marketbeat. OFG Bancorp has a one year low of $7.80 and a one year high of $14.95. The stock has a market cap of $635.04 million, a price-to-earnings ratio of 10.79 and a beta of 1.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.87.

OFG Bancorp (NYSE:OFG) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. OFG Bancorp had a return on equity of 9.80% and a net margin of 12.93%. The firm had revenue of $92.51 million during the quarter. equities analysts expect that OFG Bancorp will post 1.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.67%. OFG Bancorp’s payout ratio is presently 18.05%.

In other news, Director Jorge Colon purchased 10,000 shares of OFG Bancorp stock in a transaction dated Tuesday, May 29th. The stock was acquired at an average cost of $13.97 per share, for a total transaction of $139,700.00. Following the acquisition, the director now directly owns 20,150 shares in the company, valued at $281,495.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.39% of the company’s stock.

About OFG Bancorp

OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; and financial planning, investment brokerage, corporate and individual trust, and retirement services.

Insider Buying and Selling by Quarter for OFG Bancorp (NYSE:OFG)

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