Media coverage about OFG Bancorp (NYSE:OFG) has been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. OFG Bancorp earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.7702313903785 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
OFG has been the subject of several research reports. Keefe, Bruyette & Woods upgraded OFG Bancorp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 28th. ValuEngine upgraded OFG Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $12.00 target price on shares of OFG Bancorp in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.67.
OFG Bancorp (NYSE OFG) opened at $11.75 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.90. The company has a market capitalization of $522.97, a PE ratio of 13.66 and a beta of 1.76. OFG Bancorp has a 1 year low of $7.80 and a 1 year high of $12.25.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.04%. OFG Bancorp’s dividend payout ratio (DPR) is 27.91%.
OFG Bancorp Company Profile
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services.
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