OFG Bancorp
About: OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. The company derives maximum revenue from Banking Segment. It provides services in the region of Puerto Rico.
Employees: 2,246
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
965% more call options, than puts
Call options by funds: $181K | Put options by funds: $17K
0.31% more ownership
Funds ownership: 92.71% [Q3] → 93.02% (+0.31%) [Q4]
6% less funds holding
Funds holding: 252 [Q3] → 237 (-15) [Q4]
7% less capital invested
Capital invested by funds: $1.94B [Q3] → $1.81B (-$132M) [Q4]
12% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 90
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
35% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 40
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
7%
upside
Avg. target
$44
12%
upside
High target
$48
22%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta 50% 1-year accuracy 9 / 18 met price target | 22%upside $48 | Outperform Maintained | 24 Apr 2025 |
Piper Sandler Frank Schiraldi 45% 1-year accuracy 13 / 29 met price target | 7%upside $42 | Overweight Maintained | 24 Apr 2025 |
Wells Fargo Timur Braziler 50% 1-year accuracy 19 / 38 met price target | 7%upside $42 | Equal-Weight Downgraded | 9 Apr 2025 |
Financial journalist opinion
Based on 7 articles about OFG published over the past 30 days
Neutral
Business Wire
10 hours ago
OFG Bancorp Announces New $100 Million Share Repurchase Plan
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new $100 million stock repurchase authorization plan as part of OFG's capital actions. The new plan, which is open-ended, is in addition to the previously authorized stock repurchase plan. About OFG Bancorp Now in its 61st year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulation.
Neutral
Business Wire
10 hours ago
OFG Bancorp Declares Regular Quarterly Common Stock Dividend
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.30 per common share for the quarter ending June 30, 2025. The dividend is payable July 15, 2025, to holders of record at June 30, 2025, with an ex-dividend date of June 30, 2025. About OFG Bancorp Now in its 61st year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands.
Positive
Zacks Investment Research
5 days ago
OFG (OFG) Upgraded to Buy: Here's Why
OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
5 days ago
Is OFG Bancorp (OFG) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Seeking Alpha
1 week ago
OFG Bancorp (OFG) Q1 2025 Earnings Call Transcript
OFG Bancorp (NYSE:OFG ) Q1 2025 Earnings Conference Call April 23, 2025 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman & Chief Executive Officer Maritza Arizmendi - Chief Financial Officer Cesar Ortiz - Chief Risk Officer Conference Call Participants Frank Schiraldi - Piper Sandler Timur Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Operator Good morning. Thank you for joining OFG Bancorp's Conference Call.
Negative
Zacks Investment Research
1 week ago
OFG Bancorp (OFG) Misses Q1 Earnings Estimates
OFG Bancorp (OFG) came out with quarterly earnings of $1 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.05 per share a year ago.
Neutral
Business Wire
1 week ago
OFG Bancorp Reports 1Q25 Results
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2025. EPS diluted of $1.00 compared to $1.09 in 4Q24 and $1.05 in 1Q24. Total core revenues of $178.3 million compared to $181.9 million in 4Q24 and $174.2 million in 1Q24. CEO Comment José Rafael Fernández, Chief Executive Officer, said: “The first quarter reflected a strong start to the year with solid overall performanc.
Positive
Seeking Alpha
1 month ago
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
Neutral
Business Wire
1 month ago
OFG Bancorp to Report 1Q25 Results and Hold Call Wednesday, April 23, 2025
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2025 financial results on Wednesday, April 23, 2025, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 267-6316 Participant International Phone Number: (203) 518-9783 Conference ID: OFGQ125 The call can also be accessed live on OFG's website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast.
Positive
Seeking Alpha
2 months ago
OFG Bancorp: The Picture Looks Better Than I Previously Thought
OFG Bancorp's asset quality and digital-first strategy have driven a 15.2% share price increase, outperforming the S&P 500's 10.4% gain. Despite mixed valuation metrics, OFG Bancorp's strong return on assets and equity, along with diverse income streams, justify a soft 'buy' rating. Recent improvements include a rise in deposits and securities, increased net income, and significant share buybacks, signaling management's optimism.
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