Last $16.22 USD
Change Today -0.50 / -2.99%
Volume 254.3K
OFG On Other Exchanges
New York
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

ofg bancorp (OFG) Snapshot

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Day High
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52 Week High
06/9/14 - $19.10
52 Week Low
02/10/14 - $14.05
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for OFG BANCORP (OFG)

ofg bancorp (OFG) Related Businessweek News

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ofg bancorp (OFG) Details

OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Financial Services, and Treasury. The Banking segment offers checking and savings accounts; mortgage, commercial, and consumer lending products; financial planning, insurance, financial service, and investment brokerage; and corporate and individual trust and retirement services. This segment operates 55 branches in Puerto Rico. The Financial Services segment offers securities brokerage, trust, retirement planning, insurance, pension administration, and other financial services. Its securities brokerage services cover various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. This segment also provides managed accounts and mutual fund asset allocation programs; manages and participates in public offerings and private placements of debt and equity securities; and offers underwriting, merger-and-acquisition, and financial restructuring advisory services. In addition, this segment is engaged in the insurance agency and administration of retirement plans in the United States, Puerto Rico, and the Caribbean. The Treasury segment is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. OFG Bancorp serves mid and high net worth individuals, as well as families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

1,559 Employees
Last Reported Date: 08/8/14
Founded in 1964

ofg bancorp (OFG) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $646.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $393.8K
Senior Vice President and Treasurer
Total Annual Compensation: $241.6K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $227.5K
Compensation as of Fiscal Year 2013.

ofg bancorp (OFG) Key Developments

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend Payable on October 15, 2014

OFG Bancorp announced that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share on its common stock for the third quarter ending September 30, 2014. The dividend is payable on October 15, 2014, to holders of record on September 30, 2014 with an ex-dividend date of September 26, 2014.

OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends, Payable on October 15, 2014

OFG Bancorp announced that its Board of Directors declared the following regular quarterly cash dividends on its preferred stock for the third quarter ending September 30, 2014. $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C and $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 67103X409) Preferred stock dividends are payable on October 15, 2014, to holders of record on October 1, 2014, with an ex-dividend date of September 29, 2014.

OFG Bancorp Reports Earnings Results for the Second Quarter Ended June 30, 2014

OFG Bancorp reported earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported income available to common shareholders totaled $17.8 million, or $0.38 per share diluted. In the preceding quarter, OFG earned $20.3 million, or $0.42 per share diluted, which included a pre-tax gain on the sale of securities of $4.4 million. In the year ago quarter, OFG earned $34.1 million, or $0.68 per share diluted, which included a net positive impact of $16.3 million from non-recurring items. Tangible book value per common share of $14.71 at June 30, 2014 rose 4.6%, from $14.07 at March 31, 2014, and book value per common share of $16.87 grew 3.9%, from $16.23 at March 31, 2014. Return on average assets of 1.10%, return on average tangible common stockholders' equity of 10.96%, and efficiency ratio of 47.89%.


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Valuation OFG Industry Range
Price/Earnings 12.5x
Price/Sales 2.0x
Price/Book 1.0x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful

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