OFG Bancorp with ticker code (OFG) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 33 and 31 calculating the mean target price we have 32. Given that the stocks previous close was at 26.55 this now indicates there is a potential upside of 20.5%. There is a 50 day moving average of 27.72 while the 200 day moving average is 25.32. The market cap for the company is $1,337m. Visit the company website at: https://www.ofgbancorp.com
The potential market cap would be $1,612m based on the market concensus.
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, as well as time deposit products; commercial, consumer, auto, and mortgage lending; financial planning; and corporate and individual trust services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and retirement planning, pension administration, trust, and other financial services. In addition, the company involved in the insurance agency business; administration of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers investment brokerage, and money and interest rate risk management, as well as derivatives and borrowings activities. The company operates through a network of 54 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.
