OFG Bancorp (NYSE:OFG) posted its quarterly earnings data on Friday. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05, MarketWatch Earnings reports. The company had revenue of $100.90 million during the quarter, compared to analyst estimates of $94.80 million. OFG Bancorp had a net margin of 13.67% and a return on equity of 10.07%.

Shares of OFG traded up $1.93 during mid-day trading on Friday, hitting $17.13. The company’s stock had a trading volume of 1,316,441 shares, compared to its average volume of 435,074. OFG Bancorp has a one year low of $7.80 and a one year high of $17.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $668.54 million, a price-to-earnings ratio of 12.88 and a beta of 1.84.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. OFG Bancorp’s dividend payout ratio is 18.05%.

A number of brokerages have recently weighed in on OFG. Piper Jaffray Companies reiterated a “buy” rating and issued a $19.00 target price on shares of OFG Bancorp in a report on Thursday, August 16th. Zacks Investment Research upgraded OFG Bancorp from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Thursday, July 26th. Sandler O’Neill restated a “buy” rating and issued a $18.00 price objective on shares of OFG Bancorp in a report on Friday, July 20th. Finally, TheStreet upgraded OFG Bancorp from a “c+” rating to a “b” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. OFG Bancorp has a consensus rating of “Buy” and a consensus target price of $17.50.

OFG Bancorp Company Profile

OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in 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 products; and financial planning, investment brokerage, corporate and individual trust, and retirement services.

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Earnings History for OFG Bancorp (NYSE:OFG)

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