OFG Bancorp (NYSE: OFG) has a price-to-earnings ratio that is above its average at 10.73x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OFG is 45.25M, and at present, short sellers hold a 0.90% of that float. On January 20, 2025, the average trading volume of OFG was 317.33K shares.
OFG) stock’s latest price update
The stock of OFG Bancorp (NYSE: OFG) has increased by 2.17 when compared to last closing price of 43.30. Despite this, the company has experienced a 9.40% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-23 that SAN JUAN, Puerto Rico–(BUSINESS WIRE)–OFG Bancorp (NYSE: OFG) will report fourth quarter 2024 financial results on Wednesday, January 22, 2025, before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (800) 225-9448 Participant International Phone Number: (203) 518-9708 Conference ID: OFGQ424 The call can also be accessed live on OFG’s website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webc.
OFG’s Market Performance
OFG’s stock has risen by 9.40% in the past week, with a monthly rise of 0.25% and a quarterly rise of 6.99%. The volatility ratio for the week is 2.59% while the volatility levels for the last 30 days are 2.92% for OFG Bancorp The simple moving average for the past 20 days is 4.53% for OFG’s stock, with a 7.90% simple moving average for the past 200 days.
Analysts’ Opinion of OFG
Many brokerage firms have already submitted their reports for OFG stocks, with Piper Sandler repeating the rating for OFG by listing it as a “Overweight.” The predicted price for OFG in the upcoming period, according to Piper Sandler is $49 based on the research report published on August 26, 2024 of the previous year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see OFG reach a price target of $51, previously predicting the price at $44. The rating they have provided for OFG stocks is “Outperform” according to the report published on July 22nd, 2024.
Keefe Bruyette gave a rating of “Outperform” to OFG, setting the target price at $35 in the report published on April 12th of the previous year.
OFG Trading at 1.36% from the 50-Day Moving Average
After a stumble in the market that brought OFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.18% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.34% upper at present.
During the last 5 trading sessions, OFG rose by +9.40%, which changed the moving average for the period of 200-days by +23.37% in comparison to the 20-day moving average, which settled at $42.32. In addition, OFG Bancorp saw 4.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OFG starting from FERNANDEZ JOSE RAFAEL, who sale 50,000 shares at the price of $45.37 back on Dec 05 ’24. After this action, FERNANDEZ JOSE RAFAEL now owns 234,775 shares of OFG Bancorp, valued at $2,268,360 using the latest closing price.
FERNANDEZ JOSE RAFAEL, the CEO & Chairperson BOD of OFG Bancorp, sale 50,000 shares at $45.24 during a trade that took place back on Dec 04 ’24, which means that FERNANDEZ JOSE RAFAEL is holding 284,775 shares at $2,262,120 based on the most recent closing price.
Stock Fundamentals for OFG
Current profitability levels for the company are sitting at:
- 0.6 for the present operating margin
- 1.12 for the gross margin
The net margin for OFG Bancorp stands at 0.24. The total capital return value is set at 0.09. Equity return is now at value 16.11, with 1.79 for asset returns.
Based on OFG Bancorp (OFG), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.0. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 5.69.
Currently, EBITDA for the company is 291.82 million with net debt to EBITDA at 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.15.
Conclusion
To sum up, OFG Bancorp (OFG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
