OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate [Seeking Alpha]
OFG Bancorp (OFG)
Last ofg bancorp earnings: 4/29 07:30 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/yearlynews.aspx?iid=1032005
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Source: Seeking Alpha
Puerto Rico's economy continues to remain remarkable, which contributes to my positive outlook on loan growth. Rate cuts will likely also drive loan growth. The net interest margin will likely resume its downtrend due to interest rate cuts. The December 2025 target price suggests an upside of ~8.6% from the October 14 closing price. Further, OFG is offering a dividend yield of 2.25%. Cavan Images Earnings of OFG Bancorp ( NYSE: OFG ) will most probably grow strongly on the back of decent loan growth. Meanwhile, the net interest margin will likely dip slightly thereby restricting earnings growth. Overall, I'm expecting earnings to grow by 9% to $4.19 per share in This article was written by Sheen Bay Research 3.27K Follower s Follow Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the comp
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OFG
News
- OFG Bancorp to Report 4Q24 Results and Hold Call Wednesday, January 22, 2025Business Wire
- OFG Bancorp (NYSE: OFG) had its price target raised by analysts at Keefe, Bruyette & Woods from $49.00 to $53.00. They now have an "outperform" rating on the stock.MarketBeat
- OFG Bancorp (NYSE: OFG) had its price target raised by analysts at Wells Fargo & Company from $48.00 to $49.00. They now have an "overweight" rating on the stock.MarketBeat
- OFG Bancorp's (NYSE:OFG) five-year earnings growth trails the strong shareholder returns [Yahoo! Finance]Yahoo! Finance
- OFG Bancorp Declares Regular Quarterly Common Stock DividendBusiness Wire
OFG
Earnings
- 10/16/24 - Miss
OFG
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 12/4/24 - Form 144
- OFG's page on the SEC website