OFG Bancorp (NYSE: OFG) has reported E.P.S. of $1.01 for its third fiscal quarter (ending September 30) versus $0.95 for the same period a year ago — an increase of 6%. Relative to the consensus estimate of $1.02, this was a shortfall of $-0.01. For the latest four quarters through September 30, E.P.S. were $4.14 versus $3.83 for the same period a year ago — an increase of 8%.
Recent Price Action
OFG Bancorp (NYSE: OFG) stock closed at $41.35 on 10/16/24 after a large decline of -7.8%. Moreover, exceptionally high trading volume at 243% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
OFG is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 72 and a good Power Rating of 78, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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