OFG Bancorp (NYSE:OFG) Releases Quarterly Earnings Results

OFG Bancorp (NYSE:OFG) posted its earnings results on Tuesday. The bank reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.25, MarketWatch Earnings reports. OFG Bancorp had a net margin of 17.74% and a return on equity of 11.25%.

Shares of NYSE:OFG traded down $0.49 during mid-day trading on Thursday, reaching $21.71. The company had a trading volume of 4,318 shares, compared to its average volume of 194,107. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.64 and a beta of 1.53. The company has a 50-day simple moving average of $23.10. OFG Bancorp has a one year low of $11.97 and a one year high of $25.52.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Wednesday, June 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.47%. OFG Bancorp’s dividend payout ratio (DPR) is presently 21.77%.

Separately, Zacks Investment Research raised shares of OFG Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, July 2nd.

OFG Bancorp Company Profile

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.

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Earnings History for OFG Bancorp (NYSE:OFG)

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