OFG Bancorp with ticker code (OFG) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 18 and 16.5 with the average target price sitting at 17.17. Given that the stocks previous close was at 12.76 this is indicating there is a potential upside of 34.6%. The day 50 moving average is 12.79 and the 200 day moving average is 15.26. The company has a market capitalisation of $651m. Find out more information at: http://www.ofgbancorp.com
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending; financial planning; and corporate and individual trust services. It also provides securities brokerage services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and pension administration, trust, and other financial services. In addition, the company involves in insurance agency business; administration of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers investment brokerage, investment banking, and money and interest rate risk management, as well as derivatives and borrowings activities. The company operates through a network of 55 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.