Does Earnings Surprise History Hold Any Clue for OFG Bancorp (NYSE:OFG)

Earnings results for OFG Bancorp (NYSE:OFG)

OFG Bancorp is expected* to report earnings on 01/25/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.48. The reported EPS for the same quarter last year was $0.17.

OFG Bancorp last posted its earnings data on October 23rd, 2020. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.12. The firm had revenue of $127.02 million for the quarter, compared to analysts’ expectations of $130 million. OFG Bancorp has generated $1.62 earnings per share over the last year and currently has a price-to-earnings ratio of 22.5. OFG Bancorp has confirmed that its next quarterly earnings report will be published on Monday, January 25th, 2021.

Analyst Opinion on OFG Bancorp (NYSE:OFG)

There is no enough data Analyst Ratings

There is not enough analysis data for OFG Bancorp.

Dividend Strength: OFG Bancorp (NYSE:OFG)

OFG Bancorp has a dividend yield of 1.46%, which is in the bottom 25% of all stocks that pay dividends. OFG Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of OFG Bancorp is 17.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 12.96% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: OFG Bancorp (NYSE:OFG)

In the past three months, OFG Bancorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $56,219.00 in company stock and sold $0.00 in company stock. Only 2.49% of the stock of OFG Bancorp is held by insiders. 83.12% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of OFG Bancorp (NYSE:OFG

Earnings for OFG Bancorp are expected to grow by 58.82% in the coming year, from $1.36 to $2.16 per share. The P/E ratio of OFG Bancorp is 22.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.03. The P/E ratio of OFG Bancorp is 22.52, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 21.99. OFG Bancorp has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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