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OFG

OFG Bancorp NYSE:OFG Stock Report

Last Price

US$26.94

Market Cap

US$1.3b

7D

-1.5%

1Y

7.6%

Updated

21 May, 2022

Data

Company Financials +
OFG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

OFG Stock Overview

OFG Bancorp, a financial holding company, provides a range of banking and financial services.

OFG Bancorp Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for OFG Bancorp
Historical stock prices
Current Share PriceUS$26.94
52 Week HighUS$30.93
52 Week LowUS$19.78
Beta1.22
1 Month Change1.70%
3 Month Change-3.02%
1 Year Change7.63%
3 Year Change38.30%
5 Year Change179.17%
Change since IPO2,012.36%

Recent News & Updates

Shareholder Returns

OFGUS BanksUS Market
7D-1.5%-1.5%-2.7%
1Y7.6%-19.9%-12.9%

Return vs Industry: OFG exceeded the US Banks industry which returned -19.9% over the past year.

Return vs Market: OFG exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is OFG's price volatile compared to industry and market?
OFG volatility
OFG Average Weekly Movement4.7%
Banks Industry Average Movement4.0%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: OFG is less volatile than 75% 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

FoundedEmployeesCEOWebsite
19642,259Jos Fernandezhttps://www.ofgbancorp.com

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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.

OFG Bancorp Fundamentals Summary

How do OFG Bancorp's earnings and revenue compare to its market cap?
OFG fundamental statistics
Market CapUS$1.31b
Earnings (TTM)US$153.30m
Revenue (TTM)US$554.76m

8.5x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OFG income statement (TTM)
RevenueUS$554.76m
Cost of RevenueUS$0
Gross ProfitUS$554.76m
Other ExpensesUS$401.46m
EarningsUS$153.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.15
Gross Margin100.00%
Net Profit Margin27.63%
Debt/Equity Ratio2.7%

How did OFG perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

15%

Payout Ratio

Does OFG pay a reliable dividends?

See OFG dividend history and benchmarks
When do you need to buy OFG by to receive an upcoming dividend?
OFG Bancorp dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend37 days
Days until Dividend pay date53 days

Does OFG pay a reliable dividends?

See OFG dividend history and benchmarks

Valuation

Is OFG Bancorp undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OFG ($26.94) is trading below our estimate of fair value ($90.53)

Significantly Below Fair Value: OFG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OFG is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (9.7x).

PE vs Market: OFG is good value based on its PE Ratio (8.5x) compared to the US market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: OFG is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: OFG is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is OFG Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OFG's forecast earnings growth (2.2% per year) is above the savings rate (1.9%).

Earnings vs Market: OFG's earnings (2.2% per year) are forecast to grow slower than the US market (12.5% per year).

High Growth Earnings: OFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: OFG's revenue (6.5% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: OFG's revenue (6.5% 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


Past Performance

How has OFG Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OFG has high quality earnings.

Growing Profit Margin: OFG's current net profit margins (27.6%) are higher than last year (20.8%).


Past Earnings Growth Analysis

Earnings Trend: OFG's earnings have grown significantly by 24.5% per year over the past 5 years.

Accelerating Growth: OFG's earnings growth over the past year (58.4%) exceeds its 5-year average (24.5% per year).

Earnings vs Industry: OFG earnings growth over the past year (58.4%) exceeded the Banks industry 20.9%.


Return on Equity

High ROE: OFG's Return on Equity (14.7%) is considered low.


Financial Health

How is OFG Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: OFG's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: OFG has a sufficient allowance for bad loans (161%).

Low Risk Liabilities: 98% 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 (63%).

Low Risk Deposits: OFG's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: OFG has an appropriate level of bad loans (1.5%).


Dividend

What is OFG Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.23%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateJun 29 2022Dividend Pay DateJul 15 202216 days from Ex DividendBuy in the next 37 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: OFG's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: OFG's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.11%).


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

Earnings Coverage: With its low payout ratio (15.4%), OFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

Jos Fernandez (57 yo)

18.33yrs

Tenure

US$3,020,837

Compensation

Mr. Jose Rafael Fernandez, also known as Jos, has been the Chief Executive Officer of OFG Bancorp and Oriental Bank since 2004 and also serves as its President. Mr. Fernandez has been the Vice Chairman of...


CEO Compensation Analysis

Compensation vs Market: Jos's total compensation ($USD3.02M) is below average for companies of similar size in the US market ($USD5.44M).

Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OFG's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: OFG's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OFG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OFG Bancorp's employee growth, exchange listings and data sources


Key Information

  • Name: OFG Bancorp
  • Ticker: OFG
  • Exchange: NYSE
  • Founded: 1964
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.309b
  • Shares outstanding: 48.60m
  • Website: https://www.ofgbancorp.com

Number of Employees


Location

  • OFG Bancorp
  • 254 MuNoz Rivera Avenue
  • San Juan
  • Puerto Rico
  • 918
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.