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Last $7.40 USD
Change Today -1.24 / -14.35%
Volume 1.3M
OFG On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

ofg bancorp (OFG) Snapshot

Open
$8.37
Previous Close
$8.64
Day High
$8.53
Day Low
$7.09
52 Week High
02/5/15 - $17.83
52 Week Low
08/26/15 - $6.64
Market Cap
324.6M
Average Volume 10 Days
838.3K
EPS TTM
$0.41
Shares Outstanding
43.9M
EX-Date
09/28/15
P/E TM
18.0x
Dividend
$0.40
Dividend Yield
5.14%
Current Stock Chart for OFG BANCORP (OFG)

ofg bancorp (OFG) Related Businessweek News

No Related Businessweek News Found

ofg bancorp (OFG) Details

OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The Banking segment offers checking and savings accounts; mortgage, commercial, and consumer lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services. This segment operates 53 branches in Puerto Rico. The Wealth Management segment offers securities brokerage, trust, retirement planning, insurance, pension administration, and other financial services. Its securities brokerage services cover various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. This segment also provides managed accounts and mutual fund asset allocation programs; manages and participates in public offerings and private placements of debt and equity securities; and offers underwriting, merger-and-acquisition, and financial restructuring advisory services. In addition, this segment is involved in the insurance agency and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. OFG Bancorp serves mid and high net worth individuals, as well as families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

1,509 Employees
Last Reported Date: 08/10/15
Founded in 1964

ofg bancorp (OFG) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $865.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Senior Vice President and Treasurer
Total Annual Compensation: $246.4K
Senior Vice President and Chief Risk Officer
Total Annual Compensation: $232.1K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $224.3K
Compensation as of Fiscal Year 2014.

ofg bancorp (OFG) Key Developments

OFG Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter Ended June 30, 2015

OFG Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net interest income was $82,292,000 against $106,078,000 a year ago. Loss before income taxes was $2,340,000 against income before income taxes of $31,922,000 a year ago. Net loss was $3,109,000 against net income of $21,309,000 a year ago. Net loss available to common stockholders was $6,575,000 against net income available to common stockholders of $17,843,000 a year ago. Diluted loss per common share was $0.15 against diluted earnings per share of $0.40 a year ago. Negative return on average assets was 0.17% against return on average assets of 1.10% a year ago. Negative return on average tangible common stockholders’ equity was 3.93% against return on average tangible common stockholders’ equity of 10.96% a year ago. Total interest income was $99.413 million against $125.900 million a year ago. Tangible book value and book value per common share declined to $14.67 and $16.81 from $15.12 and $17.25, respectively, at March 31, 2015. For the six month, net interest income was $171,927,000 against $209,476,000 a year ago. Loss before income taxes was $4,349,000 against income before income taxes of $67,454,000 a year ago. Net loss was $6,097,000 against net income of $45,056,000 a year ago. Net loss available to common stockholders was $13,028,000 against net income available to common stockholders of $38,125,000 a year ago. Diluted loss per common share was $0.29 against diluted earnings per share of $0.80 a year ago. Book value per common was $16.81 against $16.87 a year ago. Negative return on average assets was 0.17% against return on average assets of 1.14% a year ago. Negative return on average tangible common stockholders’ equity was 3.84% against return on average tangible common stockholders’ equity of 11.89% a year ago. Total interest income was $206.414 million against $248.974 million a year ago. From the first quarter to second quarter of 2015, net charge-offs declined 10.1% to $7.7 million as the company continued to fine tune collection efforts to evolving credit trends. Net charge-offs have declined three quarters in a row.

OFG Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:30 PM

OFG Bancorp Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:30 PM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Ganesh Kumar, Chief Financial Officer and Executive Vice President, Gary Fishman, IR, Jose Rafael Fernandez, Vice Chairman, Chief Executive Officer, President and Director of Oriental Bank & Trust.

OFG Bancorp to Report Q2, 2015 Results on Jul 24, 2015

OFG Bancorp announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 24, 2015

 

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OFG:US $7.40 USD -1.24

OFG Competitors

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Industry Analysis

OFG

Industry Average

Valuation OFG Industry Range
Price/Earnings 17.5x
Price/Sales 1.1x
Price/Book 0.4x
Price/Cash Flow 9.3x
TEV/Sales NM Not Meaningful
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