OFG Bancorp with ticker code (OFG) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 35 and 33.5 calculating the mean target price we have 34.38. Now with the previous closing price of 27.85 this would indicate that there is a potential upside of 23.4%. The 50 day moving average now sits at 27.68 and the 200 moving average now moves to 27.17. The market cap for the company is $1,347m. Visit the company website at: https://www.ofgbancorp.com
The potential market cap would be $1,663m 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 services; financial planning and insurance services; and corporate and individual trust, and retirement 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; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.
