OFG Bancorp
Market Cap
US$982.8m
Last Updated
2021/01/23 23:49 UTC
Data Sources
Company Financials +
Executive Summary
OFG Bancorp, a financial holding company, provides various banking and financial services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has OFG Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OFG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: OFG's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-4.9%
OFG
-2.3%
US Banks
2.3%
US Market
1 Year Return
-8.0%
OFG
-6.6%
US Banks
23.8%
US Market
Return vs Industry: OFG underperformed the US Banks industry which returned -6.6% over the past year.
Return vs Market: OFG underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| OFG | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.9% | -2.3% | 2.3% |
| 30 Day | 7.7% | 7.4% | 4.8% |
| 90 Day | 27.4% | 30.1% | 14.5% |
| 1 Year | -6.0%-8.0% | -3.2%-6.6% | 26.6%23.8% |
| 3 Year | 103.7%93.3% | -2.3%-10.7% | 45.0%35.4% |
| 5 Year | 278.0%240.6% | 77.3%54.9% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is OFG Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
How Much Are OFG Bancorp (NYSE:OFG) Insiders Spending On Buying Shares?1 month ago | Simply Wall St
Shareholders Of OFG Bancorp (NYSE:OFG) Must Be Happy With Their 170% Total Return2 months ago | Simply Wall St
Three Things You Should Check Before Buying OFG Bancorp (NYSE:OFG) For Its DividendValuation
Is OFG Bancorp undervalued compared to its fair value and its price relative to the market?
22.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OFG ($19.14) is trading above our estimate of fair value ($16.98)
Significantly Below Fair Value: OFG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OFG is poor value based on its PE Ratio (22.6x) compared to the US Banks industry average (12.2x).
PE vs Market: OFG is poor value based on its PE Ratio (22.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: OFG is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: OFG's PB Ratio (1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is OFG Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
35.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OFG's forecast earnings growth (35.7% per year) is above the savings rate (2%).
Earnings vs Market: OFG's earnings (35.7% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OFG's revenue (6.7% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: OFG's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OFG's Return on Equity is forecast to be low in 3 years time (10%).
Next Steps
Past Performance
How has OFG Bancorp performed over the past 5 years?
23.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFG has a large one-off loss of $25.2M impacting its September 30 2020 financial results.
Growing Profit Margin: OFG's current net profit margins (11.2%) are lower than last year (22.6%).
Past Earnings Growth Analysis
Earnings Trend: OFG's earnings have grown significantly by 23.2% per year over the past 5 years.
Accelerating Growth: OFG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OFG had negative earnings growth (-40.2%) over the past year, making it difficult to compare to the Banks industry average (-3.6%).
Return on Equity
High ROE: OFG's Return on Equity (4.7%) is considered low.
Next Steps
Financial Health
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
Balance Sheet
Financial Institutions Analysis
Asset Level: OFG's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: OFG has a sufficient allowance for bad loans (121%).
Low Risk Liabilities: 96% 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 (65%).
Low Risk Deposits: OFG's Loans to Deposits ratio (76%) is appropriate.
Level of Bad Loans: OFG has a high level of bad loans (2.9%).
Next Steps
Dividend
What is OFG Bancorp current dividend yield, its reliability and sustainability?
1.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OFG's dividend (1.46%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: OFG's dividend (1.46%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 reasonably low payout ratio (33%), OFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OFG's dividends in 3 years are forecast to be thoroughly covered by earnings (14.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
José Fernández (56 yo)
17yrs
Tenure
US$2,852,604
Compensation
Mr. José Rafael Fernández, also known as Jos, has been the Chief Executive Officer and President of OFG Bancorp and Oriental Bank since 2004. Mr. Fernández has been President of Oriental Financial Services...
CEO Compensation Analysis
Compensation vs Market: José's total compensation ($USD2.85M) is about average for companies of similar size in the US market ($USD2.40M).
Compensation vs Earnings: José's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 17yrs | US$2.85m | 0.46% $ 4.6m | |
| Executive VP & CFO | 3.83yrs | US$716.05k | 0.028% $ 276.0k | |
| Senior EVP & COO | 3.83yrs | US$1.88m | 0.12% $ 1.1m | |
| Senior VP & Director of the U.S. Loan Program | no data | US$425.36k | 0.019% $ 187.9k | |
| Vice President Financial Reporting & Accounting Control | no data | no data | no data | |
| Investor Relations Contact | no data | no data | no data | |
| Chief Risk & Compliance Officer | 0.83yr | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior Vice President and Senior Vice President of Branch Administration | 19.5yrs | no data | no data | |
| Senior Vice President of Oriental Insurance | 13yrs | no data | no data | |
| Senior Vice President of Retail Channel Business Development | no data | no data | no data | |
| Senior Vice President of Financial Services | no data | no data | no data |
8.4yrs
Average Tenure
56yo
Average Age
Experienced Management: OFG's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 17yrs | US$2.85m | 0.46% $ 4.6m | |
| Independent Chairman of the Board | 8.5yrs | US$173.56k | 0.23% $ 2.3m | |
| Independent Director | 1.5yrs | US$32.50k | no data | |
| Independent Director | 16.25yrs | US$79.98k | 0.065% $ 642.5k | |
| Independent Director | 14.17yrs | US$105.07k | 0.064% $ 632.0k | |
| Independent Director | 2.25yrs | US$51.85k | 0.14% $ 1.3m | |
| Independent Director | 6.67yrs | US$84.86k | 0.11% $ 1.0m | |
| Independent Director | 5yrs | US$92.73k | 0.035% $ 348.4k |
7.6yrs
Average Tenure
64.5yo
Average Age
Experienced Board: OFG's board of directors are considered experienced (7.6 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: OFG Bancorp
- Ticker: OFG
- Exchange: NYSE
- Founded: 1964
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$982.783m
- Shares outstanding: 51.35m
- Website: https://www.ofgbancorp.com
Number of Employees
Location
- OFG Bancorp
- 254 Muñoz Rivera Avenue
- San Juan
- Puerto Rico
- 918
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OFG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 1992 |
| OFP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1992 |
| OFG.PRB | NYSE (New York Stock Exchange) | 7% SER B PFD | US | USD | Oct 2003 | |
| OFG.PRD | NYSE (New York Stock Exchange) | PERP PFD-D | US | USD | Nov 2012 |
Biography
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 a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:49 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.