OFG Bancorp (NYSE: OFG) stock enjoyed a major increase of 12.6% on 11/6/24. The shares closed at $46.31. Moreover, exceptionally high trading volume at 213% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 14.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. OFG Bancorp has a good Appreciation Score of 74 and a good Power Rating of 78, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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