OFG Bancorp, a financial holding company, provides a range of banking and financial services.
OFG Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$25.16|
|52 Week High||US$12.14|
|52 Week Low||US$25.52|
|1 Month Change||4.88%|
|3 Month Change||12.98%|
|1 Year Change||98.27%|
|3 Year Change||59.85%|
|5 Year Change||153.63%|
|Change since IPO||1,872.79%|
Recent News & Updates
|OFG||US Banks||US Market|
Return vs Industry: OFG exceeded the US Banks industry which returned 80% over the past year.
Return vs Market: OFG exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: OFG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OFG's weekly volatility (5%) has been stable over the past year.
About the Company
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, and mortgage lending; financial planning; and corporate and individual trust services.
OFG Bancorp Fundamentals Summary
|OFG fundamental statistics|
Is OFG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OFG income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 20, 2021
|Earnings per share (EPS)||2.27|
|Net Profit Margin||23.59%|
How did OFG perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Does OFG pay a reliable dividends?See OFG dividend history and benchmarks
|OFG Bancorp dividend dates|
|Ex Dividend Date||Sep 29 2021|
|Dividend Pay Date||Oct 15 2021|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||17 days|
Does OFG pay a reliable dividends?See OFG dividend history and benchmarks
Is OFG Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OFG ($24.12) is trading above our estimate of fair value ($16.32)
Significantly Below Fair Value: OFG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OFG is good value based on its PE Ratio (10.6x) compared to the US Banks industry average (11x).
PE vs Market: OFG is good value based on its PE Ratio (10.6x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: OFG is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: OFG's PB Ratio (1.2x) is in line with the US Banks industry average.
How is OFG Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OFG's forecast earnings growth (6.2% per year) is above the savings rate (2%).
Earnings vs Market: OFG's earnings (6.2% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: OFG's earnings are forecast to grow, but not significantly.
Revenue vs Market: OFG's revenue (3% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: OFG's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if OFG's Return on Equity is forecast to be high in 3 years time
How has OFG Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFG has high quality earnings.
Growing Profit Margin: OFG's current net profit margins (23.6%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: OFG's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: OFG's earnings growth over the past year (400.4%) exceeds its 5-year average (17% per year).
Earnings vs Industry: OFG earnings growth over the past year (400.4%) exceeded the Banks industry 36%.
Return on Equity
High ROE: OFG's Return on Equity (11.3%) is considered low.
How is OFG Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: OFG's Assets to Equity ratio (9.7x) is low.
Allowance for Bad Loans: OFG has a sufficient allowance for bad loans (140%).
Low Risk Liabilities: 97% of OFG's liabilities are made up of primarily low risk sources of funding.
Loan Level: OFG has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: OFG's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: OFG has a high level of bad loans (2.1%).
What is OFG Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OFG's dividend (1.99%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: OFG's dividend (1.99%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: OFG's dividend payments have been volatile in the past 10 years.
Growing Dividend: OFG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.1%), OFG's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jos Fernandez (57 yo)
Mr. Jose Rafael Fernandez, also known as Jos, has been the Chief Executive Officer of OFG Bancorp and Oriental Bank since 2004. Mr. Fernandez has been the Vice Chairman of OFG Bancorp and Oriental Bank sin...
CEO Compensation Analysis
Compensation vs Market: Jos's total compensation ($USD2.78M) is about average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.
Experienced Management: OFG's management team is seasoned and experienced (9.1 years average tenure).
Experienced Board: OFG's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
OFG Bancorp's employee growth, exchange listings and data sources
- Name: OFG Bancorp
- Ticker: OFG
- Exchange: NYSE
- Founded: 1964
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.246b
- Shares outstanding: 51.66m
- Website: https://www.ofgbancorp.com
Number of Employees
- OFG Bancorp
- 254 Muñoz Rivera Avenue
- San Juan
- Puerto Rico
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 22:16|
|End of Day Share Price||2021/09/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.