Somewhat Positive Press Coverage Somewhat Unlikely to Impact OFG Bancorp (OFG) Share Price
News articles about OFG Bancorp (NYSE:OFG) have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. OFG Bancorp earned a news impact score of 0.03 on Accern’s scale. Accern also gave headlines about the bank an impact score of 48 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- $0.26 Earnings Per Share Expected for OFG Bancorp (NYSE:OFG) This Quarter (americanbankingnews.com)
- AARP to Senate on Latest Version of Health Bill: Still Harmful (techzolix.com)
- OFG Bancorp (NYSE:OFG) to Release Earnings on Friday (americanbankingnews.com)
- OFG Bancorp’s 7.125% Non-cumulative Monthly Income Preferred Stock, Series A About To Put More Money In Your Pocket (thestreet.com)
- OFG Bancorp’s 7.0% Noncumulative Monthly Income Preferred Stock, Series B About To Put More Money In Your Pocket (nasdaq.com)
A number of research firms recently weighed in on OFG. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price target on shares of OFG Bancorp in a research note on Thursday, April 13th. ValuEngine downgraded OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd.
OFG Bancorp (NYSE:OFG) traded up 0.758% on Monday, reaching $9.975. The company had a trading volume of 13,790 shares. The company’s 50 day moving average is $9.86 and its 200-day moving average is $11.82. OFG Bancorp has a one year low of $9.05 and a one year high of $14.48. The firm has a market capitalization of $438.37 million, a price-to-earnings ratio of 9.473 and a beta of 1.48.
OFG Bancorp (NYSE:OFG) last released its earnings results on Friday, April 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. OFG Bancorp had a net margin of 14.19% and a return on equity of 8.05%. The firm had revenue of $93.69 million during the quarter, compared to analyst estimates of $87.50 million. During the same period last year, the business earned $0.24 earnings per share. On average, equities research analysts expect that OFG Bancorp will post $1.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.42%. OFG Bancorp’s payout ratio is 23.08%.
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About OFG Bancorp
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.
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