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OFG Bancorp is currently in a long term uptrend where the price is trading 4.0% above its 200 day moving average.
From a valuation standpoint, the stock is 71.3% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.6.
OFG Bancorp's total revenue rose by 36.7% to $122M since the same quarter in the previous year.
Its net income has increased by 2451.3% to $23M since the same quarter in the previous year.
Finally, its free cash flow fell by 247.7% to $-80M since the same quarter in the previous year.
Based on the above factors, OFG Bancorp gets an overall score of 4/5.
Industry | Banks-Regional |
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Sector | Financial Services |
ISIN | PR67103X1020 |
CurrencyCode | USD |
Exchange | NYSE |
Beta | 1.08 |
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PE Ratio | 7.03 |
Target Price | 32.75 |
Market Cap | 1B |
Dividend Yield | 3.6% |
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.
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