Home Sectors Financial Services Long or Short: OFG Bancorp (NYSE: OFG)

Long or Short: OFG Bancorp (NYSE: OFG)

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OFG Bancorp is in the financial services sector and is in the banking industry. The company CEO is Jose Rafael Fernandez. OFG Bancorp through its subsidiaries provides commercial, consumer and mortgage lending, leasing, auto loans, financial planning, insurance sales, money management and investment banking, and corporate and individual trust services.

Previous Intraday Trading Performance:

The OFG stock showed a previous change of 0.35% with an open at 19.92 and a close of 19.86. It reached an intraday high of 20.09 and a low of 19.79.

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Liquidity:

The stock has a market cap of $1.0b with 51.3m shares outstanding, of which the float is 49.9m shares. Trading volume reached 166,208 shares compared to its average volume of 212,357 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, OFG Bancorp shares returned 2.80% and in the past 30 trading days it returned -1.54%. Over three months, it changed -1.08%. In one year it has changed 37.27% and within that year its 52-week high was 21.64 and its 52-week low was 13.98. OFG stock is 42.11% above its 52 Week Low.

Our calculations show a 200 day moving average of 18.20 and a 50 day moving average of 19.62. Currently OFG stock is trading 9.11% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.52 that ended on 31st of December 2018, which according to the previous close, that is a PE of 13.07. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.40. The TTM EPS is 1.51, which comes to a TTM PE of 13.15.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/18/2019): 0.42
4thQtr of 2018 (Reported on 01/22/2019): 0.45
3rdQtr of 2018 (Reported on 10/19/2018): 0.42
2ndQtr of 2018 (Reported on 07/20/2018): 0.35
1stQtr of 2018 (Reported on 04/20/2018): 0.30

The dividend per share is currently 0.28, which is a dividend yield of 1.41%. Also, the payout ratio is 18.54%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 23.18, which means it is possibly undervalued and has a margin of safety of 14.33%.

Indicators to Watch:

Short-interest was 1,375,899, which was 2.68% of shares outstanding. The short-interest ratio or days-to-cover ratio was 6.01. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.43.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 9.90%, return on assets is 1.31%, profit margin is 20.61%, price-to-sales is 2.28 and price-to-book is 1.09.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 4  :Past Performance Score
 5  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.