OFG Stock Summary and Trading Ideas (Ofg Bancorp | NYSE:OFG)

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Ofg Bancorp trades on the NYSE stock market under the symbol OFG.

As of May 6, 2024, OFG stock price climbed to $38.01 with 185,695 million shares trading.

OFG has a beta of 1.16, meaning it tends to be more sensitive to market movements. OFG has a correlation of 0.20 to the broad based SPY ETF.

OFG has a market cap of $1.79 billion. This is considered a Small Cap stock.

Last quarter Ofg Bancorp reported $144 million in Revenue and $1.05 earnings per share. This fell short of revenue expectation by $-8 million and exceeded earnings estimates by $.10.

In the last 3 years, OFG stock traded as high as $39.04 and as low as $19.78.

The top ETF exchange traded funds that OFG belongs to (by Net Assets): IJR, VTI, VB, IWM, SCHD.

OFG has outperformed the market in the last year with a price return of +65.3% while the SPY ETF gained +28.3%. However, in the short term, OFG had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.3% vs +4.8% return in SPY. But in the last 2 weeks, OFG shares have fared better than the market returning +9.2% compared to SPY +4.3%.

OFG support price is $36.69 and resistance is $37.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OFG stock will trade within this expected range on the day.