OFG Bancorp (OFG) to Release Quarterly Earnings on Friday

OFG Bancorp (NYSE:OFG) is set to issue its quarterly earnings data before the market opens on Friday, October 20th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

OFG Bancorp (NYSE:OFG) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $100.45 million for the quarter, compared to analysts’ expectations of $90.95 million. OFG Bancorp had a net margin of 14.58% and a return on equity of 8.36%. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts expect OFG Bancorp to post $1.12 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.

Shares of OFG Bancorp (OFG) opened at 8.35 on Friday. The company has a 50-day moving average of $9.03 and a 200 day moving average of $9.99. OFG Bancorp has a 52-week low of $8.32 and a 52-week high of $14.48. The company has a market capitalization of $366.96 million, a PE ratio of 7.56 and a beta of 1.52.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, September 28th. OFG Bancorp’s dividend payout ratio is presently 22.02%.

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OFG has been the topic of several research analyst reports. ValuEngine lowered shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 17th. BidaskClub lowered shares of OFG Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $12.50 target price on shares of OFG Bancorp in a research note on Friday, July 21st.

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.

Earnings History for OFG Bancorp (NYSE:OFG)

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