OFG Bancorp (OFG) Trades at 52-Week Low

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The company is down from yesterday’s close of 8.3. The stock is trading at $8.15 which is marginally lower than $8.88, the stock’s 50 day moving average and significantly lower than the 200 day moving average of $9.82. The 50 day moving average moved down $-0.73 and the 200 day average went down by -16.98%.

Traders are more bullish on shares of OFG Bancorp as indicated by the change in short interest. The stock recorded a fall in short interest from September 15, 2017 to September 29, 2017 of -0.14%. Short interest decreased from 3,379,466 to 3,374,753 over that timeframe. The short-interest ratio decreased to 10.0 and the percentage of shorted shares is 0.07% as of September 29.

OFG Bancorp, launched on June 19, 1996, is a financial holding company. The Company is involved in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. 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 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, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC)..

A few notable investment firms have updated their holdings. As of the end of the quarter Ledyard National Bank had acquired a total of 6,410 shares growing its position 42.3%. The value of the investment in (OFG) increased from $152,000 to $197,000 a change of $45,000 for the reporting period. As of quarter end State of Alaska, Department of Revenue had bought 70 shares growing its stake by 0.8%. The value of the total investment in OFG Bancorp went from $86,000 to $79,000 a change of 8.1% quarter over quarter.

As of the end of the quarter Louisiana State Employees Retirement System had disposed of 100 shares trimming its holdings by 0.6%. The value of the company’s investment in OFG Bancorp decreased from $179,000 to $163,000 decreasing 8.9% quarter to quarter. Shell Asset Management CO divested its position by shedding 1,400 shares a decrease of 2.3%. Shell Asset Management CO claims 60,373 shares worth $552,000. The value of the position overall is down by 10.7%.

OFG Bancorp recently declared a dividend paid on Monday the 16th of October 2017. The dividend payment was $0.060 per share for the quarter which is $0.24 annualized. The dividend yield was $2.93. The ex-dividend date was Thursday the 28th of September 2017.

The P/E ratio is 7.38 and the market cap of the company is 358.17M. In the latest earnings report the EPS was $1.10 and is expected to be $1.12 for the current year with 43,947,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.28 and the next full year EPS is anticipated to be $1.14.

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