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
Company Research
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 Declares Regular Quarterly Common Stock DividendBusiness Wire
- OFG Bancorp Announces New $50 Million Share Repurchase PlanBusiness Wire
- OFG Bancorp to Ring Opening Bell to Celebrate 60th Anniversary and 30th Year Listing on NYSEBusiness Wire
- OFG Bancorp (NYSE: OFG) had its price target lowered by analysts at Piper Sandler from $49.00 to $47.00. They now have an "overweight" rating on the stock.MarketBeat
- OFG Bancorp GAAP EPS of $1.00 misses by $0.02, revenue of $174.1M misses by $4.4M [Seeking Alpha]Seeking Alpha
OFG
Earnings
- 10/16/24 - Miss
OFG
Sec Filings
- 11/8/24 - Form 4
- 11/6/24 - Form 10-Q
- 10/22/24 - Form 8-K
- OFG's page on the SEC website