OFG Bancorp''s earnings will likely continue to surge next year and a half due to Puerto Rico’s strong economy. See why I''m maintaining a buy rating on OFG stock.
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OFG Bancorp with ticker code (OFG) have now 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 37 and 33 calculating the mean target price we have 35. Given that the stocks previous close was at 26.22 this would indicate that there is a potential upside of 33.5%. There is a 50 day moving average of 27.24 and the 200 moving average now moves to 27.04. The company has a market capitalisation of $1,265m. Visit the company website at: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,689m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp with ticker code (OFG) now have 4 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 37 and 33 calculating the mean target price we have 35. Now with the previous closing price of 28.15 this indicates there is a potential upside of 24.3%. There is a 50 day moving average of 27.11 and the 200 moving average now moves to 27.04. The company has a market cap of $1,358m. Find out more information at: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,689m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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Please see "Forward-Looking Statements," "Risk Factors," and "Quantitative and Qualitative Disclosures about Market Risk" in this Quarterly Report on Form 10- Q for the quarter ended June 30, 2022 and set forth in our Form 10- K for the year ended December 31, 2021, as supplemented and amended by any subsequent Quarterly Reports on Form 10- Q, for a discussion of the…
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OFG Bancorp found using ticker (OFG) have now 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 37 and 33 with the average target price sitting at 35. Given that the stocks previous close was at 28.4 this is indicating there is a potential upside of 23.2%. The day 50 moving average is 26.78 while the 200 day moving average is 26.85. The market cap for the company is $1,319m. Company Website: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,625m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp found using ticker (OFG) now have 4 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 37 and 33 calculating the average target price we see 35. With the stocks previous close at 27.02 this would imply there is a potential upside of 29.5%. The day 50 moving average is 26.73 and the 200 day moving average is 26.8. The market capitalisation for the company is $1,316m. You can visit the company''s website by visiting: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,704m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp (NYSE:OFG) declares $0.20/share quarterly dividend, 33.3% increase from prior dividend of $0.15.Forward yield 2.96%Payable Oct. 17; for shareholders of record Sept.
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 33%, to $0.20 per common share from $0.15 per share, for the quarter ending September 30, 2022, as part of OFG’s capital actions in 2022. The dividend is payable October 17, 2022, to holders of record at September 30, 2022, with an ex-dividend date of September 29, 2022. About OFG Bancorp Now in its 58th year in business, OFG Bancorp is a divers
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OFG Bancorp with ticker code (OFG) have now 4 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 37 and 33 calculating the average target price we see 35. Now with the previous closing price of 26.99 this would imply there is a potential upside of 29.7%. The 50 day MA is 26.72 and the 200 day MA is 26.78. The company has a market cap of $1,301m. Find out more information at: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,687m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp (NYSE:NYSE:OFG) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET Company Participants Jose Fernandez - CEO & Vice Chair Maritza Arizmendi - CFO Conference Call…
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The following slide deck was published by OFG Bancorp in conjunction with their 2022 Q2 earnings call.
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OFG Bancorp (NYSE: OFG ) reported its Q2 earnings results on Thursday, July 21, 2022 at 08:00 AM. Here''s what investors need to know about the announcement. Earnings OFG Bancorp beat estimated earnings by 13.51%, reporting an EPS of $0.84 versus … Full story available on Benzinga.com
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Companies Reporting Before The Bell • SAP (NYSE: SAP ) is projected to report quarterly earnings at $1.15 per share on revenue of $7.56 billion. • Webster Finl (NYSE: WBS ) is likely to report earnings for its second quarter. • Champions Oncology (NASDAQ: CSBR ) is projected to report quarterly earnings at $0.02 per share on revenue of $12.72 million. • Atlantic Union Bankshares (NASDAQ: AUB ) is estimated to report quarterly earnings at $0.70 per share on revenue of $172.65 million. • OFG Bancorp (NYSE: OFG ) is likely to report quarterly earnings at $0.74 per share on revenue of $111.55 million. • Home BancShares (NYSE: HOMB ) is likely to report quarterly earnings at $0.34 per share on revenue of $227.32 million. • Heritage Financial (NASDAQ: HFWA ) is projected to report quarterly earnings at $0.45 per share on revenue of $56.89 million. • KeyCorp (NYSE: KEY ) is expected to report quarterly earnings at $0.52 per share on revenue of $1.76 billion. • Tractor Supply (NASDAQ: TSCO ) is likely to report quarterly earnings at $3.
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OFG Bancorp (NYSE: OFG ) is set to give its latest quarterly earnings report on Thursday, 2022-07-21. Here''s what investors need to know before the announcement. Analysts estimate that OFG Bancorp will report an earnings per share (EPS) of $0.74. OFG Bancorp bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
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OFG Bancorp found using ticker (OFG) now have 4 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 37 and 33 with the average target price sitting at 35. Given that the stocks previous close was at 25.31 this indicates there is a potential upside of 38.3%. The 50 day MA is 26.93 and the 200 moving average now moves to 26.72. The market cap for the company is $1,250m. Visit the company website at: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,728m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp will probably surge but normalization of loan loss reserve releases will limit earnings growth. So, why do I have a BUY on OFG stock? Find out.
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OFG Bancorp found using ticker (OFG) now have 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 37 and 35 calculating the average target price we see 35.75. With the stocks previous close at 28.09 this is indicating there is a potential upside of 27.3%. The 50 day MA is 27.03 and the 200 moving average now moves to 26.48. The company has a market cap of $1,323m. You can visit the company''s website by visiting: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,684m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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Please see "Forward-Looking Statements," "Risk Factors," and "Quantitative and Qualitative Disclosures about Market Risk" in this Quarterly Report on Form 10- Q for the quarter ended March 31, 2022 and set forth in our Form 10- K for the year ended December 31, 2021, for discussion of the uncertainties, risks and assumptions associated with these statements. The post OFG BANCORP – 10-Q – MANAGEMENT''S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS appeared first on InsuranceNewsNet .
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OFG Bancorp found using ticker (OFG) have now 4 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 36 and 35 with a mean TP of 35.25. Now with the previous closing price of 28.05 this now indicates there is a potential upside of 25.7%. The 50 day MA is 26.87 and the 200 moving average now moves to 25.93. The company has a market cap of $1,343m. Company Website: https://www.ofgbancorp.com [stock_market_widget type="chart" template="basic" color="green" assets="OFG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,688m based on the market concensus. OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through 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 services; financial planning and insurance services; and corporate and individual trust, and retirement services.
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OFG Bancorp, the parent company for Oriental Bank, reported results for the second quarter ended June 30, 2021, that revealed diluted earnings per share of $0.78 compared to $0.56 in first quarter of 2021 and $0.39 in 2Q20. Total core revenues were $133.3 million compared to $127.7 million in first quarter of 2021 and $128.2 []
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Earnings results for OFG Bancorp , Analyst Opinion on OFG Bancorp , Earnings and Valuation of (NYSE:OFG), Stock market Insights & financial analysis, Best stock to invest, Investment Idea, The post Confused? Buy or Sell in volatile market Analyst report OFG Bancorp (NYSE:OFG) appeared first on .
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SAN JUAN, Puerto Rico (AP) _ OFG Bancorp (OFG) on Wednesday reported second-quarter earnings of $40.8 million. The San Juan, Puerto Rico-based bank said it had earnings of 78 cents per share. The financial holding company posted revenue of $145.7 million in the period. Its revenue net of interest expense was $134.4 million, which topped []
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OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2021. CEO Comment José Rafael Fernández, Chief Executive Officer, said: We generated outstanding second quarter results. This reflects our larger scale and our focus on digital utilization and differentiation, combined with Puerto Ricos early economic and
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report second quarter 2021 financial results on Wednesday, July 21, 2021 before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (888) 562-3356 Participant International Phone Number: (973) 582-2700 Conference ID: 573-9736 The call can also be accessed live on OFGs website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast
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OFG Bancorp shares closed today at 1.1% below its 52 week high of $23.74, giving the company a market cap of $1B. The stock is currently up 27.1% year-to-date, up 81.7% over the past 12 months, and up 300.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.7%. Trading Activity Trading volume this week was 32.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 4.3% The company's stock price performance over the past 12 months beats the peer average by 28.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -33.5% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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OFG Bancorp shares closed today at 1.5% below its 52 week high of $22.55, giving the company a market cap of $1B. The stock is currently up 19.8% year-to-date, up 54.8% over the past 12 months, and up 259.5% over the past five years. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 2.1%. Trading Activity Trading volume this week was 32.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -28.2% The company's stock price performance over the past 12 months lags the peer average by -19.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -37.3% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced that its Board of Directors declared a regular cash dividend of $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 67103X409), for the quarter ending March 31, 2021. The dividend is payable April 15, 2021, to holders of record at March 31, 2021. The ex-dividend date is March 30, 2021. About OFG Bancorp Now in its 57th year in business, OFG Bancorp is a diversified financial
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 14.3%, to $0.08 per common share, from $0.07 per share, for the quarter ending March 31, 2021. The dividend is payable April 15, 2021, to holders of record at March 31, 2021, with an ex-dividend date of March 30, 2021. Jose Rafael Fernandez, President, Chief Executive officer, and Vice Chairman of the Board, said: “The dividend increase reflects
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, reported results for the fourth quarter and year ended December 31, 2020.
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SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Oriental Bank, a subsidiary of OFG Bancorp and one of the largest banks in Puerto Rico, has selected Upstart’s Credit Decision API (application programming interface) to deliver faster credit decisions and more accurately price auto loans for applicants on its online banking site. Upstart's Credit Decision API will provide Oriental Bank with complete authorit
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report fourth quarter 2020 financial results Monday, January 25, 2021 before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (888) 562-3356 Participant International Phone Number: (973) 582-2700 Conference ID: 864-1568 The call can also be accessed live on OFG’s website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast li
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OFG Bancorp (NYSE:OFG) will post its quarterly earnings results before the market opens on Friday, October 23rd. Analysts expect OFG Bancorp to post earnings of $0.38 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link. OFG Bancorp (NYSE:OFG) last issued its […]
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report third quarter 2020 financial results Friday, October 23, 2020 before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Phone Number: (888) 562-3356 Participant International Phone Number: (973) 582-2700 Conference ID: 899-3880 The call can also be accessed live on OFG’s website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcast lin
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.07 per common share for the quarter ending September 30, 2020. The dividend is payable October 15, 2020, to holders of record at September 30, 2020, with an ex-dividend date of September 29, 2020. About OFG Bancorp Now in its 56th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U
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OFG Bancorp (NYSE:OFG): Q2 GAAP EPS of $0.39 beats by $0.17. Revenue of $128.2M (+29.2% Y/Y) misses by $3.95M. Press Release
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today reported results for the second quarter ended June 30, 2020. 2Q20 Financial Highlights Net income available to common shareholders totaled $20.2 million or $0.39 per share fully diluted. This compares to 1Q20 net income available to common shareholders of $173 thousand or break-even per share and 2Q19 net income available to shareholders of $22.4 million or $0.43 per share fully diluted. Total core revenues were $128.2 millio
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced that due to continued public health concerns and government actions related to the Covid-19 pandemic, it adjourned its physical annual meeting today and plans to hold a virtual one at 2:00 PM ET, Monday, June 1, 2020. Stockholders of record and beneficial holders of common stock as of the close of business on February 27, 2020 can attend and participate in a listen-only mode at www.virtualshareholdermeeting.com/OFG2
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced that due to continued public health concerns and government actions related to the Covid-19 pandemic, it plans to convene and immediately adjourn its upcoming annual meeting, and hold a virtual one at a later date. OFG’s meeting is scheduled for 10:00 AM ET, Wednesday, May 20, 2020, at Oriental Center, 254 Muñoz Rivera Avenue, Ground Floor, San Juan. Stockholders should comply with applicable restrictions and not at
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE:OFG) today announced the adjournment of its annual meeting until 10:00 AM ET, Wednesday, May 20, 2020. The Company will continue to closely monitor the Puerto Rico government’s response to the COVID-19 pandemic and may adjourn the meeting again to a later date if stay-at-home restrictions are extended past the date of the meeting. OFG will keep its stockholders informed of all updates relating to the annual meeting as they become availab
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report first quarter 2020 financial results Wednesday, April 29, 2020 before the market opens and hold its conference call that morning at 10:00 AM ET. Participant Toll-Free Dial-In Number: (888) 562-3356 Participant International Dial-In Number: (973) 582-2700 Conference ID: 555-0929 The call can also be accessed live on OFG’s website at www.ofgbancorp.com. Webcast replay will be available shortly thereafter. Visit the webcas
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SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) will report 4Q19 financial results January 29, 2020 before the market opens and hold its conference at 10 AM that day
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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OFG (OFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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OFG (OFG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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OFG Bancorp (NYSE:OFG) Q1 2019 Earnings Conference Call April 18, 2019 10:00 AM ET Company Participants Jose Rafael Fernandez - President, Chief Executive Offic
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OFG earnings call for the period ending March 31, 2019.
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