OFG Bancorp (NYSE:OFG) went up by 7.52% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Banks – Regional giant went up by $13.01 to trade ended Monday trading at $12.10. This is up from the $12.1 price recorded on Friday’s trading session. Thanks to this latest performance, OFG is closer to the higher price 52-week target of $17.00 and further from the lowest price target of $16.50. Its performance from the start of the year has also been negative, with OFG down by -44.90% year-to-date.
OFG Bancorp (OFG) started the day trading at $12.32 and recorded an intraday high of $13.24. It also recorded an intraday low of $12.22 during Monday’s trading session. OFG Bancorp is a very active stock that recorded a trading volume that is more than 30.06% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 694694, which is more than 30.06 of the total average daily trading volume of 485.89K.
OFG Bancorp (NYSE:OFG) 2020 Performance Impressive
The increase in OFG’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of OFG currently stands at $24.95, which is higher than the current trading price of the stock by 47.86%. However, OFG’s current trading price is -50.75% lower than the 52-week low price of $8.63. In terms of trading volume, OFG Bancorp currently experienced healthy participation during the last trading session. 694694 shares of OFG Bancorp were traded on the stock exchange on Monday, which is more than 30.06% of the 485.89K average trading volume of the stock.
The performance of the stock has been positive over the past year. OFG’s performance over the past one year has seen it plunge by -45.27%, while the stock has gone down by -44.76% in the last six months. The quarterly performance of OFG currently stands at 14.22%, and it is up by 7.08% in the last month. The only positive figure was from the weekly performance, which currently reads 3.83%. At the time of writing OFG’s report, the company has a total market cap of $689.40M, making it one of the largest publicly-traded companies in the world.OFG Bancorp also has over 2431 employees all over the world.
OFG Insider Activities
For OFG Bancorp, insiders hold 94.90% of all company shares. The insider transactions over the past six months are up by 28.60%. During that period, insiders bought 145,450 shares in 39 transactions. In that same period, insiders sold 20,550 of their shares in 4 transactions. After these transactions, insiders at OFG Bancorp now hold 735.71k shares, which is over 96.31% of the total company stocks. Institutional investors currently hold a large chunk of the OFG shares, as they control 1.43% of the company’s total stock.
OFG Fundamental Analysis
For OFG Bancorp, the stock’s diluted earnings per share (EPS) stands at 0.50. In the coming year, analysts expect the EPS to be 1.54. The EPS growth will up over the next five years to 8.00% after plunging by -7.70% in the previous five years. In terms of revenue, OFG Bancorp’s quarterly sales (YOY) is growing at 0.22, which is higher than the average annual revenue of -7.70% over the past half a decade.
The Return on Investment (ROI) on OFG Bancorp’s stock currently stands at 20.60%, and it has a net profit margin of 6.40%. The operating margin of the company is 53.30%.
OFG Analysts Prediction
Analysts at Sterne Agee believe that OFG is Buy, and they have a price target of between $20 and $23. Sterne Agee and Sterne Agee also believe that OFG Bancorp’s stock is outperforming at the moment. OFG received a positive rating from Sterne Agee, which set a price target of $18-$20 for the stock.
At the moment, OFG Bancorp’s Total Debt to Equity ratio stands at 0.04, and they have a long-term Debt to Equity ratio of 0.04.
OFG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of OFG currently stands at 1.26%, while the SMA50 is 6.97%. The biggest one is the SMA200, which is currently reading -26.29% ahead of Monday’s trading session. The Relative Strength Index of this stock is 52.71, while its price to earnings ratio (P/E) is 26.23.