OFG Bancorp (NYSE:OFG) is set to announce third quarter earning results on Friday 23rd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OFG to report 3Q20 income of $ 0.35 per share.
For the full year, analysts anticipate top line of $ 420.35 million, while looking forward to income of $ 1.12 per share bottom line.
Previous Quarter Performance
OFG Bancorp unfold income for the second quarter of $ 0.39 per share, from the revenue of $ 105.10 million. The quarterly earnings shrunk 9.30 percent while revenues up 29.61 percent compared with the same quarter last year.
According to street consensus, OFG was expected to report 2Q20 income of $ 0.22 per share from revenue of $ 114.66 million. The bottom line results beat street analysts by $ 0.17 or 77.27 percent, at the same time, top line results fell short of analysts by $ 9.56 million or 8.34 percent.
Stock Performance
Shares of OFG Bancorp traded up $ 0.64 or 4.28 percent on Thursday, reaching $ 15.59 with volume of 131.70 thousand shares. OFG Bancorp has traded high as $ 15.63 and has cracked $ 14.94 on the downward trend
The closing price of $ 15.59, representing a 73.23 % increase from the 52 week low of $ 8.63 and a 37.08 % decrease over the 52 week high of $ 23.76.
The company has a market capital of $ 800.42 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.07 per share on July 29, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
OFG Bancorp will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website 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 products; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust, and retirement services.
