OFG Bancorp (NYSE:OFG) Given Price Target Of $11.333


As per OFG Bancorp (NYSE:OFG)’s news release on 2016-05-25, its shareholders will get cash dividend of $0.06 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-30 and 2016-07-15, respectively.

The stock will commence trading ex-dividend from 2016-06-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year OFG Bancorp (NYSE:OFG) disbursed $0.06 in dividend compared to distribution of $0.06, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.8824%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated OFG Bancorp (NYSE:OFG) to attain a price target of $11.333. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $12. The low price range is set at $11 for next year while the arithmetic mean is seen at 2.33.

Eyeing Earnings OFG Bancorp (NYSE:OFG) is likely to post quarterly numbers around 2016-10-28 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.27 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, OFG Bancorp (NYSE:OFG) earnings came at $0.25 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.26 for the quarter.

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