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OFG
Stock ticker: NYSE
AS OF
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Price
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Capitalization
1.41B

OFG OFG Bancorp Forecast, Technical & Fundamental Analysis

a major bank

Industry RegionalBanks
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OFG with price predictions
08:00 PM EDT Sep 28, 2023

Momentum Indicator for OFG turns positive, indicating new upward trend

OFG saw its Momentum Indicator move above the 0 level on September 29, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned positive. In of the 96 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where OFG's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for OFG just turned positive on September 28, 2023. Looking at past instances where OFG's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OFG advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

OFG moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for OFG crossed bearishly below the 50-day moving average on September 05, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OFG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OFG entered a downward trend on September 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OFG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.283) is normal, around the industry mean (0.971). P/E Ratio (8.000) is within average values for comparable stocks, (16.141). Projected Growth (PEG Ratio) (0.923) is also within normal values, averaging (2.860). Dividend Yield (0.029) settles around the average of (0.046) among similar stocks. P/S Ratio (2.338) is also within normal values, averaging (2.452).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Regions Financial Corp (NYSE:RF), Huntington Bancshares (NASDAQ:HBAN), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.44B. The market cap for tickers in the group ranges from 10.73K to 139.01B. HDB holds the highest valuation in this group at 139.01B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 1%. TCNB experienced the highest price growth at 28%, while BRBS experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was 6%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was -51%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 70
Price Growth Rating: 58
SMR Rating: 37
Profit Risk Rating: 83
Seasonality Score: 2 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

OFG is expected to report earnings to fall 7.26% to 86 cents per share on October 25

OFG Bancorp OFG Stock Earnings Reports
Q3'23
Est.
$0.86
Q2'23
Beat
by $0.05
Q1'23
Beat
by $0.10
Q4'22
Beat
by $0.05
Q3'22
Beat
by $0.02
The last earnings report on July 20 showed earnings per share of 93 cents, beating the estimate of 87 cents. With 282.55K shares outstanding, the current market capitalization sits at 1.41B.
A.I.Advisor
published Dividends

OFG is expected to pay dividends on October 16, 2023

OFG Bancorp OFG Stock Dividends
A dividend of $0.22 per share will be paid with a record date of October 16, 2023, and an ex-dividend date of September 28, 2023. The last dividend of $0.22 was paid on July 17. Read more...
A.I. Advisor
published General Information

General Information

a major bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
254 Munoz Rivera Avenue
Phone
+1 787 771-6800
Employees
2253
Web
https://www.ofgbancorp.com
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OFG and

Correlation & Price change

A.I.dvisor indicates that over the last year, OFG has been closely correlated with FBP. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if OFG jumps, then FBP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OFG
1D Price
Change %
OFG100%
-0.23%
FBP - OFG
84%
Closely correlated
-1.39%
IBOC - OFG
80%
Closely correlated
+0.25%
TCBK - OFG
79%
Closely correlated
+0.52%
HAFC - OFG
79%
Closely correlated
+0.25%
FFBC - OFG
79%
Closely correlated
+0.98%
More

Groups containing OFG

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OFG
1D Price
Change %
OFG100%
-0.23%
OFG
(undefined stocks)
86%
Closely correlated
+0.67%
banks
(undefined stocks)
81%
Closely correlated
+0.32%
major banks
(undefined stocks)
80%
Closely correlated
-0.02%
financial
(undefined stocks)
63%
Loosely correlated
-0.20%
latin america
(undefined stocks)
38%
Loosely correlated
-0.21%