OFG Bancorp (NYSE: OFG) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for OFG Bancorp (NYSE: OFG): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OFG is expected to continue to be a Value Builder.
OFG Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. OFG Bancorp has a good Appreciation Score of 76 and a good Power Rating of 84, and the Highest Value Trend Rating results.
Recent Price Action
On 4/29/24, OFG Bancorp (NYSE: OFG) stock declined slightly by -0.03%, closing at $36.29. This decline was accompanied by normal trading volume. The stock has risen 4.2% during the last week and has been strong relative to the market over the last nine months.
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