Positive News Coverage Somewhat Unlikely to Affect OFG Bancorp (OFG) Share Price

Headlines about OFG Bancorp (NYSE:OFG) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. OFG Bancorp earned a news impact score of 0.29 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.1270928657013 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of OFG Bancorp (NYSE:OFG) opened at $9.60 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. OFG Bancorp has a 12-month low of $7.80 and a 12-month high of $13.90. The stock has a market capitalization of $421.90, a price-to-earnings ratio of 7.93 and a beta of 1.65.

OFG Bancorp (NYSE:OFG) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.12. OFG Bancorp had a return on equity of 9.05% and a net margin of 11.92%. The company had revenue of $98.39 million for the quarter, compared to the consensus estimate of $90.60 million. During the same quarter last year, the business posted $0.14 earnings per share. sell-side analysts forecast 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 Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.50%. OFG Bancorp’s dividend payout ratio (DPR) is presently 30.00%.

Several equities research analysts have issued reports on the company. ValuEngine upgraded OFG Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods upgraded OFG Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 28th. Piper Jaffray Companies restated a “hold” rating and set a $11.00 target price on shares of OFG Bancorp in a research report on Friday, October 27th. Finally, Sandler O’Neill upgraded OFG Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.33.

In other OFG Bancorp news, Director Jesus Nestor De acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $7.95 per share, for a total transaction of $39,750.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $42,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.56% of the company’s stock.

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OFG Bancorp Company Profile

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.

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

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