OFG Bancorp (NYSE: OFG) on Friday, soared 2.17% from the previous trading day, before settling in for the closing price of $43.30. Within the past 52 weeks, OFG’s price has moved between $33.19 and $47.66.
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Annual sales at Financial sector company grew by 15.04% over the past five years. The company achieved an average annual earnings per share of 6.98%. With a float of $45.25 million, this company’s outstanding shares have now reached $46.56 million.
Let’s look at the performance matrix of the company that is accounted for 2248 employees. In terms of profitability, gross margin is 112.28%, operating margin of 60.11%, and the pretax margin is 33.16%.
OFG Bancorp (OFG) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of OFG Bancorp is 1.41%, while institutional ownership is 94.53%. The most recent insider transaction that took place on Dec 05 ’24, was worth 2,268,360. In this transaction CEO & Chairperson BOD of this company sold 50,000 shares at a rate of $45.37, taking the stock ownership to the 234,775 shares. Before that another transaction happened on Dec 04 ’24, when Company’s CEO & Chairperson BOD sold 50,000 for $45.24, making the entire transaction worth $2,262,120. This insider now owns 284,775 shares in total.
OFG Bancorp (OFG) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 20.32% growth over the previous five years of trading.
OFG Bancorp (NYSE: OFG) Trading Performance Indicators
OFG Bancorp (OFG) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.36. Likewise, its price to free cash flow for the trailing twelve months is 6.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.12, a number that is poised to hit 0.96 in the next quarter and is forecasted to reach 3.90 in one year’s time.
Technical Analysis of OFG Bancorp (OFG)
OFG Bancorp (NYSE: OFG) saw its 5-day average volume 0.29 million, a negative change from its year-to-date volume of 0.29 million. As of the previous 9 days, the stock’s Stochastic %D was 85.47%. Additionally, its Average True Range was 1.22.
During the past 100 days, OFG Bancorp’s (OFG) raw stochastic average was set at 60.99%, which indicates a significant decrease from 98.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.63% in the past 14 days, which was lower than the 34.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.65, while its 200-day Moving Average is $41.00. Nevertheless, the first resistance level for the watch stands at $44.65 in the near term. At $45.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.82. If the price goes on to break the first support level at $43.48, it is likely to go to the next support level at $42.73. The third support level lies at $42.31 if the price breaches the second support level.
OFG Bancorp (NYSE: OFG) Key Stats
Market capitalization of the company is 2.03 billion based on 45,898K outstanding shares. Right now, sales total 777,260 K and income totals 181,870 K. The company made 215,900 K in profit during its latest quarter, and 47,000 K in sales during its previous quarter.
