Zacks Rating on OFG Bancorp (OFG)

OFG Bancorp (OFG) : 3 analysts are covering OFG Bancorp (OFG) and their average rating on the stock is 2.33, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

OFG Bancorp (OFG) : Average target price received by OFG Bancorp (OFG) is $11.33 with an expected standard deviation of $0.58. The most aggressive target on the stock is $12, whereas the most downbeat target is $11. 3 financial analysts are currently covering the stock.


Shares of OFG Bancorp rose by 1.39% in the last five trading days and 6.21% for the last 4 weeks. OFG Bancorp is up 24.14% in the last 3-month period. Year-to-Date the stock performance stands at 52.07%. OFG Bancorp (NYSE:OFG): On Tuesdays trading session , Opening price of the stock was $11.08 with an intraday high of $11.25. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.95. However, the stock managed to close at $10.95, a loss of 0.27% for the day. On the previous day, the stock had closed at $10.98. The total traded volume of the day was 188,156 shares.

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank, a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services), an insurance agency, Oriental Insurance, Inc. (Oriental Insurance) and a retirement plan administrator, Caribbean Pension Consultants, Inc. (CPC). The Company has 53 branches in Puerto Rico.

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