OFG Bancorp with ticker code (OFG) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 35 and 33.5 with a mean TP of 34.38. Given that the stocks previous close was at 27.25 this would indicate that there is a potential upside of 26.2%. There is a 50 day moving average of 27.69 and the 200 moving average now moves to 27.19. The company has a market capitalisation of $1,298m. Visit the company website at: https://www.ofgbancorp.com
The potential market cap would be $1,638m 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.
