OFG Bancorp (OFG) Projected to Post Earnings on Wednesday

OFG Bancorp (NYSE:OFG) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, April 23rd. Analysts expect OFG Bancorp to post earnings of $1.02 per share and revenue of $175.35 million for the quarter.

OFG Bancorp (NYSE:OFG) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.09 EPS for the quarter, topping the consensus estimate of $0.97 by $0.12. OFG Bancorp had a return on equity of 15.80% and a net margin of 22.71%. During the same period last year, the firm posted $0.98 EPS. On average, analysts expect OFG Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

OFG Bancorp Price Performance

Shares of OFG Bancorp stock opened at $35.39 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. OFG Bancorp has a twelve month low of $33.15 and a twelve month high of $47.66. The business has a 50-day moving average price of $39.33 and a 200 day moving average price of $41.77. The firm has a market cap of $1.61 billion, a PE ratio of 8.39 and a beta of 0.74.

OFG Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.30 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. This is a boost from OFG Bancorp’s previous quarterly dividend of $0.25. OFG Bancorp’s dividend payout ratio (DPR) is currently 28.44%.

Analyst Upgrades and Downgrades

Several research firms have commented on OFG. Keefe, Bruyette & Woods boosted their price objective on OFG Bancorp from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered OFG Bancorp from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $42.00 in a research report on Wednesday, April 9th.

About OFG Bancorp

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.