OFG - OFG Bancorp Stock Price, Fair Value and News

37.80USD-0.11 (-0.29%)Delayed

Market Summary

USD37.80-0.11

Delayed

-0.29%

OFG Alerts

1 major insider sales recently.

OFG Stock Price

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OFG RSI Chart

OFG Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

9.59

Price/Sales (Trailing)

2.74

EV/EBITDA

1.22

Price/Free Cashflow

6.27

OFG Price/Sales (Trailing)

OFG Profitability

EBT Margin

41.27%

Return on Equity

15.25%

Return on Assets

1.66%

Free Cashflow Yield

15.96%

OFG Fundamentals

OFG Revenue

Revenue (TTM)

649.5M

Rev. Growth (Yr)

0.41%

Rev. Growth (Qtr)

-15.1%

OFG Earnings

Earnings (TTM)

185.3M

Earnings Growth (Yr)

7.49%

Earnings Growth (Qtr)

6.64%

Breaking Down OFG Revenue

Last 7 days

-0.1%

Last 30 days

13.3%

Last 90 days

5.2%

Trailing 12 Months

52.9%

How does OFG drawdown profile look like?

OFG Financial Health

Debt/Equity

0.09

Debt/Cashflow

2.92

OFG Investor Care

Dividend Yield

2.41%

Dividend/Share (TTM)

0.91

Buy Backs (1Y)

1.11%

Diluted EPS (TTM)

3.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	649.5M	0	0	0
2023	551.6M	587.4M	618.4M	648.9M
2022	451.2M	459.9M	482.5M	515.6M
2021	460.6M	452.4M	449.6M	449.2M
2020	402.8M	430.2M	451.5M	473.3M
2019	372.0M	378.2M	377.7M	373.8M
2018	342.6M	344.7M	348.5M	360.4M
2017	351.5M	349.5M	349.3M	345.6M
2016	390.9M	379.4M	362.7M	356.6M
2015	469.2M	442.7M	429.6M	406.6M
2014	502.5M	502.1M	501.3M	485.3M
2013	319.0M	377.2M	435.4M	493.6M
2012	259.0M	0	0	260.8M
2011	311.5M	313.9M	304.3M	297.4M
2010	0	314.3M	309.0M	303.8M
2009	0	0	0	319.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of OFG Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	kumar ganesh	sold	-253,931	37.9285	-6,695	chief strategy officer, us
May 07, 2024	kumar ganesh	sold	-306,651	38.0366	-8,062	chief strategy officer, us
May 06, 2024	rodriguez mari evelyn	sold (taxes)	-27,561	36.7	-751	chief retail banking officer
May 06, 2024	kumar ganesh	sold	-762,902	38.0045	-20,074	chief strategy officer, us
May 06, 2024	rodriguez mari evelyn	acquired	-	-	3,500	chief retail banking officer
May 03, 2024	inclan julian	acquired	-	-	2,500	-
May 01, 2024	velez-dominguez rafael a	sold (taxes)	-6,171	36.3	-170	-
May 01, 2024	harnett sue	acquired	-	-	1,700	-
May 01, 2024	velez-dominguez rafael a	acquired	-	-	1,700	-
May 01, 2024	harnett sue	sold (taxes)	-6,171	36.3	-170	-

Which funds bought or sold OFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.29	-129,745	1,729,110	-%
May 16, 2024	JANE STREET GROUP, LLC	added	29.58	495,958	2,315,310	-%
May 16, 2024	HANCOCK WHITNEY CORP	added	4.16	33,987	1,512,080	0.05%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	353	16,428,600	21,180,000	0.01%
May 15, 2024	PRELUDE CAPITAL MANAGEMENT, LLC	new	-	388,530	388,530	0.02%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	added	49.89	294,767	919,146	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	40.43	4,622,000	16,814,000	0.02%
May 15, 2024	Point72 Asia (Singapore) Pte. Ltd.	added	44.6	27,840	94,067	0.02%
May 15, 2024	Petrus Trust Company, LTA	unchanged	-	-6,122	336,333	0.03%
May 15, 2024	Alberta Investment Management Corp	unchanged	-	-22,244	1,222,090	0.01%

Are Funds Buying or Selling OFG?

Are funds buying OFG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OFG

No. of Funds

OFG Alerts

1 major insider sales recently.

Unveiling OFG Bancorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.42%	5,843,020	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.8%	3,656,588	SC 13G/A
Jan 23, 2024	blackrock inc.	14.6%	6,864,061	SC 13G/A
Feb 15, 2023	barrow hanley mewhinney & strauss llc	12.%	10	SC 13G
Feb 10, 2023	dimensional fund advisors lp	8.2%	3,908,669	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	12.41%	5,901,993	SC 13G/A
Jan 23, 2023	blackrock inc.	14.2%	6,764,812	SC 13G/A
Feb 10, 2022	barrow hanley mewhinney & strauss llc	6.09%	3,037,828	SC 13G
Feb 09, 2022	fmr llc	-	0	SC 13G

Recent SEC filings of OFG Bancorp

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 14, 2024	8-K	Current Report
May 10, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading

Peers (Alternatives to OFG Bancorp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

OFG Bancorp News

Latest updates

OFG Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-15.1%	150	176	166	158	149	146	135	122	113	113	112	113	111	113	115	122	124	91.00	94.00	94.00	95.00
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	1.2%	1.29*	1.27*	1.32*	1.36*	1.39*	1.41*	1.40*	1.41*	1.42*	1.38*	1.33*	1.25*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.4%	144	144	142	140	136	135	127	115	105	104	103	102	98.00	99.00	100	105	105	79.00	81.00	81.00	82.00
Income Taxes	-16.6%	18.00	22.00	21.00	22.00	19.00	22.00	21.00	19.00	17.00	15.00	20.00	19.00	14.00	7.00	6.00	7.00	0.00	-2.07	1.00	11.00	12.00
Earnings Before Taxes	-0.8%	68.00	68.00	66.00	66.00	65.00	68.00	63.00	59.00	54.00	49.00	61.00	60.00	45.00	30.00	34.00	29.00	2.00	-3.06	8.00	35.00	35.00
EBT Margin	1.0%	0.41*	0.41*	0.43*	0.45*	0.46*	0.47*	0.47*	0.49*	0.50*	0.48*	0.44*	0.37*	-	-	-	-	-	-	-	-	-
Net Income	6.6%	50.00	47.00	45.00	44.00	46.00	46.00	42.00	40.00	38.00	33.00	42.00	41.00	30.00	23.00	27.00	22.00	2.00	-0.99	7.00	24.00	23.00
Net Income Margin	1.8%	0.29*	0.28*	0.29*	0.30*	0.32*	0.32*	0.32*	0.33*	0.34*	0.33*	0.30*	0.27*	-	-	-	-	-	-	-	-	-
Free Cashflow	-45.9%	55.00	101	85.00	43.00	49.00	43.00	18.00	42.00	30.00	-0.98	19.00	26.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.6%	11,159	11,344	10,257	10,032	10,058	9,819	10,058	10,248	10,190	9,900	10,607	10,462	10,153	9,826	10,019	9,933	9,239	9,298	6,334	6,464	6,603
Cash Equivalents	0.8%	754	748	533	799	847	550	815	1,307	1,856	2,024	2,756	2,768	2,409	2,156	2,283	1,900	1,326	853	963	677	509
Net PPE	0.8%	105	104	103	104	105	107	106	102	97.00	92.00	87.00	86.00	84.00	84.00	83.00	82.00	82.00	81.00	70.00	71.00	69.00
Goodwill	0%	84.00	84.00	84.00	84.00	84.00	84.00	86.00	86.00	86.00	86.00	86.00	86.00	86.00	86.00	86.00	86.00	86.00	-	86.00	86.00	86.00
Liabilities	-2.0%	9,944	10,151	9,162	8,932	8,968	8,776	9,064	9,233	9,150	8,831	9,553	9,382	9,045	8,740	8,955	8,891	8,216	8,252	5,284	5,419	5,582
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	164	306	306	357	549
Shareholder's Equity	1.9%	1,216	1,193	1,095	0.00	1,090	1,042	994	0.00	634	1,069	1,054	627	92.00	1,086	1,064	265	8.00	280	1,049	92.00	93.00
Retained Earnings	5.2%	672	639	607	577	548	516	484	456	426	400	376	352	322	300	284	265	251	280	286	284	268
Additional Paid-In Capital	-0.4%	636	639	637	636	635	637	636	635	634	637	636	627	623	623	622	622	621	622	621	620	620
Shares Outstanding	0.3%	47.00	47.00	47.00	47.00	48.00	48.00	48.00	48.00	49.00	50.00	50.00	52.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,228	-	-	-	1,208	-	-	-	1,143	-	-	-	686	-	-	-	1,220	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-43.3%	60,991	107,524	88,790	47,143	52,200	48,910	25,863	50,480	39,203	7,923	23,687	32,030	36,404	-14,834	28,240	2,499	19,055	68,608	6,641	13,690	20,678
Share Based Compensation	-8.8%	1,165	1,278	1,355	1,403	965	1,270	911	1,031	973	1,252	1,379	1,405	2,209	702	145	822	501	567	580	540	447
Cashflow From Investing	119.1%	163,518	-856,257	-572,666	-45,944	70,122	-21,920	-373,700	-592,146	-525,171	-59,121	-117,940	80,808	-86,681	72,222	277,781	-50,119	457,617	96,679	382,517	311,944	51,033
Cashflow From Financing	-122.6%	-218,290	964,207	217,602	-49,720	174,708	-291,959	-144,011	-6,782	318,047	-680,843	82,251	245,439	304,116	-184,861	76,992	621,716	-3,488	-275,417	-103,701	-157,227	-12,751
Dividend Payments	-100.0%	-	10,548	10,359	10,532	9,572	9,579	7,178	7,330	6,003	5,081	6,240	4,281	4,116	3,594	3,596	3,593	3,598	3,593	3,597	3,595	3,590
Buy Backs	-	-	-	2,186	13,573	2,894	-	-	30,631	33,479	9,711	40,161	-	-	-	-	-	2,226	-	-	-	-

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OFG Income Statement

2024-03-31

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans	$ 149,594	$ 128,311
Mortgage-backed securities	19,793	10,074
Investment securities and other	14,039	10,600
Total interest income	183,426	148,985
Interest expense:
Deposits	36,792	12,497
Advances from FHLB and other borrowings	2,532	591
Total interest expense	39,324	13,088
Net interest income	144,102	135,897
Provision for credit losses	15,121	9,445
Net interest income after provision for credit losses	128,981	126,452
Non-interest income:
Banking service revenue	17,259	17,513
Wealth management revenue	8,107	7,120
Mortgage banking activities	4,693	3,898
Total banking and financial service revenues	30,059	28,531
Sale of securities	(7)	0
Other non-interest income	296	370
Total non-interest income	30,348	28,901
Non-interest expense:
Compensation and employee benefits	39,816	38,473
Occupancy, equipment and infrastructure costs	14,322	14,257
Electronic banking charges	10,366	10,337
Information technology expenses	6,603	6,418
Professional and service fees	4,004	5,064
Taxes, other than payroll and income taxes	3,243	3,273
Insurance	2,676	2,918
Loan servicing and clearing expenses	2,110	2,267
Advertising, business promotion, and strategic initiatives	2,379	2,036
Communication	1,081	1,029
Printing, postage, stationery and supplies	959	730
Director and investor relations	279	258
Foreclosed real estate and other repossessed assets income, net of expenses	668	793
Other	2,906	2,367
Total non-interest expense	91,412	90,220
Income before income taxes	67,917	65,133
Income tax expense	18,225	18,904
Net income available to common shareholders	$ 49,692	$ 46,229
Earnings per common share:
Basic (in dollars per share)	$ 1.06	$ 0.97
Diluted (in dollars per share)	$ 1.05	$ 0.96
Average common shares outstanding and equivalents (in shares)	47,343	47,944
Cash dividends per share of common stock (in dollars per share)	$ 0.25	$ 0.22

About OFG Bancorp

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 leasing, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it 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; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

CEO	Mr. Jose Rafael Fernandez
WEBSITE	ofgbancorp.com
INDUSTRY	Banks Diversified
EMPLOYEES	2257

OFG Bancorp Frequently Asked Questions

What is the ticker symbol for OFG Bancorp? What does OFG stand for in stocks?

OFG is the stock ticker symbol of OFG Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of OFG Bancorp (OFG)?

As of Fri May 17 2024, market cap of OFG Bancorp is 1.78 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OFG stock?

You can check OFG's fair value in chart for subscribers.

What is the fair value of OFG stock?

You can check OFG's fair value in chart for subscribers. The fair value of OFG Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of OFG Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OFG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is OFG Bancorp a good stock to buy?

The fair value guage provides a quick view whether OFG is over valued or under valued. Whether OFG Bancorp is cheap or expensive depends on the assumptions which impact OFG Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OFG.

What is OFG Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OFG's PE ratio (Price to Earnings) is 9.59 and Price to Sales (PS) ratio is 2.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OFG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on OFG Bancorp's stock?

In the past 10 years, OFG Bancorp has provided 0.098 (multiply by 100 for percentage) rate of return.