OFG Bancorp (OFG) Set to Announce Quarterly Earnings on Thursday
OFG Bancorp (NYSE:OFG) is scheduled to release its earnings data before the market opens on Thursday, April 18th. Analysts expect OFG Bancorp to post earnings of $0.40 per share for the quarter.
OFG Bancorp (NYSE:OFG) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $106.29 million during the quarter, compared to the consensus estimate of $98.30 million. OFG Bancorp had a net margin of 19.16% and a return on equity of 10.38%. On average, analysts expect OFG Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of OFG stock opened at $19.50 on Thursday. The firm has a market capitalization of $999.18 million, a PE ratio of 12.83 and a beta of 1.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. OFG Bancorp has a twelve month low of $11.40 and a twelve month high of $21.64.
Several brokerages have recently weighed in on OFG. Zacks Investment Research downgraded shares of OFG Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine upgraded shares of OFG Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.00.
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About OFG Bancorp
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.
See Also: Earnings Reports
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