OFG - OFG Bancorp Stock Price, Fair Value and News

34.36USD-0.35 (-1.01%)Delayed

Market Summary

USD34.36-0.35

Delayed

-1.01%

OFG Alerts

2 major insider sales recently.

OFG Stock Price

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OFG RSI Chart

OFG Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

8.89

Price/Sales (Trailing)

2.49

EV/EBITDA

1.05

Price/Free Cashflow

5.82

OFG Price/Sales (Trailing)

OFG Profitability

EBT Margin

40.88%

Return on Equity

15.24%

Return on Assets

1.6%

Free Cashflow Yield

17.17%

OFG Fundamentals

OFG Revenue

Revenue (TTM)

648.9M

Rev. Growth (Yr)

20.91%

Rev. Growth (Qtr)

6.33%

OFG Earnings

Earnings (TTM)

181.9M

Earnings Growth (Yr)

0.5%

Earnings Growth (Qtr)

3.84%

Breaking Down OFG Revenue

Last 7 days

-4.1%

Last 30 days

-4.7%

Last 90 days

-4.6%

Trailing 12 Months

42.2%

How does OFG drawdown profile look like?

OFG Financial Health

Debt/Equity

0.09

Debt/Cashflow

2.83

OFG Investor Care

Dividend Yield

2.56%

Dividend/Share (TTM)

0.88

Buy Backs (1Y)

1.10%

Diluted EPS (TTM)

3.83

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of OFG Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 28, 2024	kumar ganesh	sold	-277,659	36.4	-7,628	chief strategy officer, us
Mar 27, 2024	kumar ganesh	sold	-566,229	35.91	-15,768	chief strategy officer, us
Mar 21, 2024	kumar ganesh	sold	-352,971	36.4	-9,697	chief strategy officer, us
Mar 19, 2024	kumar ganesh	sold	-319,082	35.176	-9,071	chief strategy officer, us
Mar 11, 2024	colon jorge	acquired	-	-	2,300	-
Mar 08, 2024	fernandez jose rafael	gifted	-	-	-2,650	ceo & vice chairperson bod
Mar 07, 2024	fernandez jose rafael	sold	-2,063,300	37.5145	-55,000	ceo & vice chairperson bod
Feb 27, 2024	de jesus nestor	acquired	-	-	2,300	-
Feb 26, 2024	haggarty patrick j.	sold (taxes)	-14,524	35.5995	-408	managing director comm. bankin
Feb 26, 2024	fernandez jose rafael	acquired	-	-	23,150	ceo & vice chairperson bod

Which funds bought or sold OFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	-87.00	4,748	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	1.79	-3.00	10,491	-%
Apr 05, 2024	FIRST HAWAIIAN BANK	sold off	-100	-491,363	-	-%
Apr 05, 2024	CWM, LLC	added	32.86	7,000	28,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	52.2	3,947	11,485	-%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	unchanged	-	-8,057	442,677	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-735	40,381	0.01%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-6.02	24,426	160,378	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-0.36	43,886,000	218,996,000	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	217	34,300,400	45,810,500	-%

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

2 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
Mar 28, 2024	4	Insider Trading
Mar 28, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	DEF 14A	DEF 14A
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 15, 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	526.7B	171.1B	-4.45%	41.76%	10.63	3.08	60.72%	31.52%
BAC	281.8B	130.3B	-0.78%	25.35%	10.63	2.16	79.51%	-3.68%
WFC	202.2B	85.7B	-2.27%	42.49%	10.56	2.36	41.49%	39.96%
C	114.1B	133.3B	3.31%	26.15%	12.36	0.86	79.09%	-
CFG	15.2B	10.2B	-3.38%	12.15%	9.45	1.49	44.53%	-22.43%
KEY	13.7B	7.9B	-2.08%	18.96%	14.12	1.72	46.47%	-49.56%
MID-CAP
CMA	6.8B	4.2B	-0.89%	15.18%	7.7	1.63	56.25%	-23.46%
ZION	6.0B	3.9B	-0.93%	30.63%	8.87	1.53	45.91%	-25.03%
ABCB	3.1B	1.3B	-1.93%	31.98%	11.59	2.44	43.24%	-22.35%
ASB	3.1B	2.0B	-1.88%	11.78%	16.77	1.57	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	395.5M	164.9M	-9.61%	26.68%	33.82	2.4	42.66%	-70.76%
AROW	362.7M	162.6M	-11.01%	-6.09%	12.06	2.23	25.39%	-38.37%
ACNB	276.9M	96.6M	-6.73%	6.51%	8.74	2.87	11.02%	-11.37%
ASRV	41.0M	60.9M	-4.40%	-25.08%	-12.25	0.67	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.3%	176	166	158	149	146	135	122	113	113	112	113	111	113	115	122	124	91.00	94.00	94.00	95.00	95.00
EBITDA Margin	-3.7%	1.27*	1.32*	1.36*	1.39*	1.41*	1.40*	1.41*	1.42*	1.38*	1.33*	1.25*	1.17*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.2%	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	82.00
Income Taxes	3.9%	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	19.00
Earnings Before Taxes	3.8%	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	43.00
EBT Margin	-4.6%	0.41*	0.43*	0.45*	0.46*	0.47*	0.47*	0.49*	0.50*	0.48*	0.44*	0.37*	0.30*	-	-	-	-	-	-	-	-	-
Net Income	3.8%	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	25.00
Net Income Margin	-4.6%	0.28*	0.29*	0.30*	0.32*	0.32*	0.32*	0.33*	0.34*	0.33*	0.30*	0.27*	0.22*	-	-	-	-	-	-	-	-	-
Free Cashflow	19.4%	101	85.00	43.00	49.00	43.00	18.00	42.00	30.00	-0.98	19.00	26.00	33.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	10.6%	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	6,583
Cash Equivalents	40.4%	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	450
Net PPE	1.0%	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	69.00
Goodwill	0%	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	86.00
Liabilities	10.8%	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	5,583
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	164	306	306	357	549	570
Shareholder's Equity	8.9%	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	1,000
Retained Earnings	5.2%	639	607	577	548	516	484	456	426	400	376	352	322	300	284	265	251	280	286	284	268	253
Additional Paid-In Capital	0.2%	639	637	636	635	637	636	635	634	637	636	627	623	623	622	622	621	622	621	620	620	619
Shares Outstanding	0.0%	47.00	47.00	47.00	48.00	48.00	48.00	48.00	49.00	50.00	50.00	52.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	21.1%	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	59,728
Share Based Compensation	-5.7%	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	423
Cashflow From Investing	-49.5%	-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	-30,967
Cashflow From Financing	343.1%	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	-125,478
Dividend Payments	1.8%	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	4,877
Buy Backs	-100.0%	-	2,186	13,573	2,894	-	-	30,631	33,479	9,711	40,161	-	-	-	-	-	2,226	-	-	-	-	-436

OFG Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans	$ 554,744	$ 460,162	$ 433,788
Mortgage-backed securities	50,359	31,298	11,614
Investment securities and other	43,777	24,113	3,797
Total interest income	648,880	515,573	449,199
Interest expense:
Deposits	75,965	32,239	39,014
Securities sold under agreements to repurchase	3,306	0	0
Advances from FHLB and other borrowings	8,739	733	1,641
Subordinated capital notes	0	521	1,174
Total interest expense	88,010	33,493	41,829
Net interest income	560,870	482,080	407,370
Provision for credit losses	60,638	24,119	221
Net interest income after provision for credit losses	500,232	457,961	407,149
Non-interest income:
Banking service revenue	70,078	71,161	71,706
Wealth management revenue	32,990	32,635	35,044
Mortgage banking activities	18,787	21,929	22,508
Total banking and financial service revenues	121,855	125,725	129,258
Sale of securities	(1,149)	(247)	19
Early extinguishment of debt	0	42	(1,481)
Other non-interest income	7,675	6,170	5,414
Total non-interest income	128,381	131,690	133,210
Non-interest expense:
Compensation and employee benefits	155,827	142,930	133,442
Occupancy, equipment and infrastructure costs	59,235	51,308	50,158
Electronic banking charges	41,336	39,554	37,202
Information technology expenses	27,162	21,891	18,965
Professional and service fees	18,764	24,842	20,080
Taxes, other than payroll and income taxes	12,968	12,999	13,829
Insurance	10,494	9,898	10,092
Loan servicing and clearing expenses	7,774	9,161	7,604
Advertising, business promotion, and strategic initiatives	8,743	8,240	6,999
Communication	4,678	4,296	4,555
Printing, postage, stationery and supplies	3,338	3,563	4,037
Director and investor relations	1,351	1,125	1,135
Foreclosed real estate and other repossessed assets income, net of expenses	(405)	(2,074)	(3,007)
Other	12,100	17,813	20,665
Total non-interest expense	363,365	345,546	325,756
Income before income taxes	265,248	244,105	214,603
Income tax expense	83,376	77,866	68,452
Net income	181,872	166,239	146,151
Less: dividends on preferred stock	0	0	(1,255)
Net income available to common shareholders	$ 181,872	$ 166,239	$ 144,896
Earnings per common share:
Basic (in dollars per share)	$ 3.85	$ 3.46	$ 2.85
Diluted (in dollars per share)	$ 3.83	$ 3.44	$ 2.81
Average common shares outstanding and equivalents (in shares)	47,552	48,436	51,370
Cash dividends per share of common stock (in dollars per share)	$ 0.88	$ 0.70	$ 0.40

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 Apr 12 2024, market cap of OFG Bancorp is 1.62 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 Apr 12 2024, OFG's PE ratio (Price to Earnings) is 8.89 and Price to Sales (PS) ratio is 2.49. 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 0.095 (multiply by 100 for percentage) rate of return.