For its second fiscal quarter (ending June 30), OFG Bancorp (NYSE: OFG) has reported a 17% increase in E.P.S. from $0.93 a year ago to $1.09 in the current quarter. This performance was $0.12 better than the consensus estimate of $0.96. E.P.S. were $4.08 for the latest four quarters through June 30 versus $3.76 for the same period a year ago — an increase of 9%.
Recent Price Action
On 7/18/24, OFG Bancorp (NYSE: OFG) stock declined slightly by -0.1%, closing at $43.00. Moreover, trading volume in this decline was above average at 131% of normal. Relative to the market the stock has been strong over the last nine months and has risen 13.4% 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 B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. OFG Bancorp has a slightly positive Power Rating of 60 and a good Appreciation Score of 74, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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