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, as well as time deposit products; commercial, consumer, auto, and mortgage lending; financial planning; and corporate and individual trust services. It also 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; separately-managed accounts and mutual fund asset allocation programs; and retirement planning, pension administration, trust, and other financial services. In addition, the company involved in the insurance agency business; administration of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers investment brokerage, and money and interest rate risk management, as well as derivatives and borrowings activities. The company operates through a network of 54 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
IPO Year:
Exchange: NYSE
Website: ofgbancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/26/2024 | $49.00 | Overweight | Piper Sandler |
| 7/22/2024 | $44.00 → $51.00 | Outperform | Hovde Group |
| 4/12/2022 | $35.00 | Outperform | Keefe Bruyette |
| 1/4/2022 | $31.00 → $33.00 | Overweight | Wells Fargo |
| 12/20/2021 | $32.00 | Outperform | Hovde Group |
| 11/9/2021 | $31.00 | Overweight | Wells Fargo |
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Wells Fargo analyst Timur Braziler maintains OFG Bancorp (NYSE:OFG) with a Overweight and raises the price target from $40 to $48.
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OFG Bancorp (NYSE:OFG) reported quarterly sales of $147.325 million which missed the analyst consensus estimate of $152.564 million by 3.43 percent. This is a 5.53 percent increase over sales of $139.600 million the same period last year.
OFG Bancorp (NYSE:OFG) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $0.96 by 12.5 percent. This is a 16.13 percent increase over earnings of $0.93 per share from the same period last year.
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OFG Bancorp (NYSE:OFG) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.95 by 10.53 percent. This is a 9.38 percent increase over earnings of $0.96 per share from the same period last year.
Wells Fargo analyst Timur Braziler maintains OFG Bancorp (NYSE:OFG) with a Overweight and lowers the price target from $41 to $40.
Wells Fargo analyst Timur Braziler maintains OFG Bancorp (NYSE:OFG) with a Overweight and raises the price target from $40 to $41.
Piper Sandler resumed coverage of OFG Bancorp with a rating of Overweight and set a new price target of $49.00
Hovde Group reiterated coverage of OFG Bancorp with a rating of Outperform and set a new price target of $51.00 from $44.00 previously
Keefe Bruyette resumed coverage of OFG Bancorp with a rating of Outperform and set a new price target of $35.00
Wells Fargo reiterated coverage of OFG Bancorp with a rating of Overweight and set a new price target of $33.00 from $31.00 previously
Hovde Group initiated coverage of OFG Bancorp with a rating of Outperform and set a new price target of $32.00
Wells Fargo initiated coverage of OFG Bancorp with a rating of Overweight and set a new price target of $31.00
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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management product
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 5.3% year-over-year on a 1.1% increase in total core revenues. We continued to produce consistent, core operating results, and digital adoption of our new and upgraded products, services, and self-service tools keeps steadily growing. Today
OFG Bancorp (NYSE:OFG) will report third quarter 2024 financial results on Wednesday, October 16, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ324 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 link in advance to pre-register or download any necessary software. 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. Virgin
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 September 30, 2024. The dividend is payable October 15, 2024, to holders of record at September 30, 2024, with an ex-dividend date of September 30, 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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management pr
OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2024. EPS diluted of $1.08 compared to $1.05 in 1Q24 and $0.93 in 2Q23. Total core revenues of $179.4 million compared to $174.2 million in 1Q24 and $170.5 million in 2Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "The second quarter continued to demonstrate the strength of our strategies and franchise. EPS-diluted increased 16.1% year-over-year on a 5.2% increase in total core revenues. We generated strong performance metrics through consistent growth; increased loans, deposits, and non-interest income; and stable credit quality.
OFG Bancorp (NYSE:OFG) will report second quarter 2024 financial results on Thursday, July 18, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 245-3047 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ224 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 link in advance to pre-register or download any necessary software. 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. Vir
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 June 30, 2024. The dividend is payable July 15, 2024, to holders of record at June 28, 2024, with an ex-dividend date of June 28, 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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services,
OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024. EPS diluted of $1.05 compared to $0.98 in 4Q23 and $0.96 in 1Q23. Total core revenues of $174.2 million compared to $175.6 million in 4Q23 and $164.4 million in 1Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "First quarter EPS-diluted increased 9.4% year-over-year on a 5.9% increase in total core revenues, reflecting an overall solid performance across all businesses in line with our plans. Our Digital First strategy continues to drive customer acquisition and engagement. Puerto Rico business activity and consumer liquidity
OFG Bancorp (NYSE:OFG) will report first quarter 2024 financial results on Thursday, April 18, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ124 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 link in advance to pre-register or download any necessary software. 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. Vir
OFG Bancorp (NYSE:OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 13.6%, to $0.25 per common share from $0.22 per share, for the quarter ending March 31, 2024, as part of OFG's capital actions this year. The dividend is payable April 15, 2024, to holders of record at March 28, 2024, with an ex-dividend date of March 27, 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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services, and Oriental Insurance, provide a wide range
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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management product
OFG Bancorp (NYSE:OFG) today announced its Board of Directors approved a new $50 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 60th 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 regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Pu
OFG Bancorp (NYSE:OFG) today announced that management and board members will ring the opening bell at the New York Stock Exchange on Friday, October 25, to celebrate the 60th anniversary of the founding of its principal subsidiary, Oriental Bank, as well as OFG's 30th anniversary of trading on the exchange. José Rafael Fernández, Chairman and Chief Executive Officer, said: "We are extremely proud of what we've accomplished since 1964 when we were one of the smallest banks in Puerto Rico. Since then, we have been able to reach new heights, becoming one of the top three banks on the island. This is a credit to our dedicated teams who work tirelessly to help fulfill our purpose of making pro
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 5.3% year-over-year on a 1.1% increase in total core revenues. We continued to produce consistent, core operating results, and digital adoption of our new and upgraded products, services, and self-service tools keeps steadily growing. Today
OFG Bancorp (NYSE:OFG) will report third quarter 2024 financial results on Wednesday, October 16, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ324 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 link in advance to pre-register or download any necessary software. 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. Virgin
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 September 30, 2024. The dividend is payable October 15, 2024, to holders of record at September 30, 2024, with an ex-dividend date of September 30, 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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management pr
OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2024. EPS diluted of $1.08 compared to $1.05 in 1Q24 and $0.93 in 2Q23. Total core revenues of $179.4 million compared to $174.2 million in 1Q24 and $170.5 million in 2Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "The second quarter continued to demonstrate the strength of our strategies and franchise. EPS-diluted increased 16.1% year-over-year on a 5.2% increase in total core revenues. We generated strong performance metrics through consistent growth; increased loans, deposits, and non-interest income; and stable credit quality.
OFG Bancorp (NYSE:OFG) will report second quarter 2024 financial results on Thursday, July 18, 2024, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 245-3047 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ224 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 link in advance to pre-register or download any necessary software. 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. Vir
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 June 30, 2024. The dividend is payable July 15, 2024, to holders of record at June 28, 2024, with an ex-dividend date of June 28, 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. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services,
OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, today reported results for the first quarter ended March 31, 2024. EPS diluted of $1.05 compared to $0.98 in 4Q23 and $0.96 in 1Q23. Total core revenues of $174.2 million compared to $175.6 million in 4Q23 and $164.4 million in 1Q23. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "First quarter EPS-diluted increased 9.4% year-over-year on a 5.9% increase in total core revenues, reflecting an overall solid performance across all businesses in line with our plans. Our Digital First strategy continues to drive customer acquisition and engagement. Puerto Rico business activity and consumer liquidity
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