OFG Bancorp (NYSE:OFG) announced its earnings results on Friday. The bank reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05, MarketWatch Earnings reports. The company had revenue of $100.90 million during the quarter, compared to analyst estimates of $94.80 million. OFG Bancorp had a return on equity of 10.07% and a net margin of 13.67%.
Shares of NYSE:OFG traded up $1.93 during trading on Friday, hitting $17.13. 1,316,441 shares of the company’s stock traded hands, compared to its average volume of 435,074. OFG Bancorp has a 52 week low of $7.80 and a 52 week high of $17.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $668.54 million, a PE ratio of 12.88 and a beta of 1.84.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, September 27th. OFG Bancorp’s dividend payout ratio (DPR) is presently 18.05%.
OFG Bancorp Company Profile
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; and financial planning, investment brokerage, corporate and individual trust, and retirement services.
See Also: Average Daily Trade Volume – ADTV
Receive News & Ratings for OFG Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFG Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.