OFG Bancorp (OFG) Stock Forecast, Price Target & Predictions
OFG Stock Forecast
OFG Bancorp stock forecast is as follows: an average price target of $47.00 (represents a 5.83% upside from OFG’s last price of $44.41) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
OFG Price Target
The average price target for OFG Bancorp (OFG) is $47.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $47.00 to $47.00. This represents a potential 5.83% upside from OFG's last price of $44.41.
OFG Analyst Ratings
According to 2 Wall Street analysts, OFG Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for OFG stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
OFG Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Frank Schiraldi | Piper Sandler | $47.00 | $41.35 | 13.66% | 5.83% |
| Aug 26, 2024 | Frank Schiraldi | Piper Sandler | $49.00 | $44.95 | 9.01% | 10.34% |
The latest OFG Bancorp stock forecast, released on Oct 17, 2024 by Frank Schiraldi from Piper Sandler, set a price target of $47.00, which represents a 13.66% increase from the stock price at the time of the forecast ($41.35), and a 5.83% increase from OFG last price ($44.41).
OFG Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $48.00 | $48.00 |
| Last Closing Price | $44.41 | $44.41 | $44.41 |
| Upside/Downside | -100.00% | 8.08% | 8.08% |
In the current month, the average price target of OFG Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to OFG Bancorp's last price of $44.41. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 22, 2024 | Wells Fargo | Overweight | Overweight | Hold |
OFG Bancorp's last stock rating was published by Piper Sandler on Oct 17, 2024. The company gave OFG a "Overweight" rating, the same as its previous rate.
OFG Bancorp Financial Forecast
OFG Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $214.91M | $172.49M | $169.72M | $164.80M | $10.86M | $12.11M | $11.96M | $11.71M | $131.83M | $123.70M | $123.19M | $118.54M | $121.83M | $114.99M | $116.78M | $122.69M | $89.11M | $93.30M |
| Avg Forecast | $192.17M | $189.61M | $185.37M | $181.21M | $183.20M | $179.83M | $176.35M | $173.06M | $176.95M | $178.25M | $176.09M | $175.03M | $172.29M | $171.70M | $165.34M | $162.99M | $162.40M | $154.61M | $142.95M | $133.29M | $136.37M | $131.90M | $127.80M | $128.75M | $129.75M | $128.35M | $132.15M | $142.70M | $102.20M | $100.13M |
| High Forecast | $193.57M | $190.99M | $186.72M | $182.53M | $184.54M | $181.14M | $177.64M | $174.32M | $178.24M | $178.41M | $176.09M | $175.40M | $195.52M | $172.95M | $166.54M | $164.17M | $163.59M | $161.17M | $149.02M | $138.95M | $142.17M | $137.50M | $133.23M | $134.22M | $135.26M | $133.80M | $137.76M | $148.76M | $106.54M | $104.39M |
| Low Forecast | $191.18M | $188.62M | $184.41M | $180.27M | $182.25M | $178.90M | $175.44M | $172.17M | $176.03M | $178.08M | $176.09M | $174.65M | $162.88M | $170.81M | $164.48M | $162.14M | $161.56M | $148.45M | $137.26M | $127.98M | $130.94M | $126.65M | $122.71M | $123.62M | $124.58M | $123.24M | $126.89M | $137.02M | $98.13M | $96.15M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.00% | 1.03% | 1.01% | 0.07% | 0.08% | 0.08% | 0.09% | 0.97% | 0.94% | 0.96% | 0.92% | 0.94% | 0.90% | 0.88% | 0.86% | 0.87% | 0.93% |
OFG Bancorp's average Quarter revenue forecast for Mar 24 based on 2 analysts is $175.03M, with a low forecast of $174.65M, and a high forecast of $175.40M. OFG's average Quarter revenue forecast represents a -18.56% decrease compared to the company's last Quarter revenue of $214.91M (Dec 23).
OFG Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $65.90M | $84.13M | $78.22M | $85.87M | $76.06M | $72.20M | $67.78M | $63.23M | $76.64M | $77.28M | $63.22M | $50.29M | $55.10M | $51.62M | $26.49M | $11.45M | $23.68M |
| Avg Forecast | $61.32M | $60.50M | $59.15M | $57.83M | $58.46M | $57.38M | $56.28M | $55.23M | $56.47M | $56.88M | $56.19M | $66.63M | $54.98M | $54.79M | $52.76M | $60.57M | $78.71M | $44.36M | $41.01M | $55.07M | $39.13M | $37.84M | $36.67M | $47.76M | $37.23M | $36.82M | $37.91M | $47.49M | $29.32M | $28.73M |
| High Forecast | $61.77M | $60.95M | $59.58M | $58.25M | $58.89M | $57.80M | $56.69M | $55.63M | $56.88M | $56.93M | $56.19M | $79.96M | $62.39M | $55.19M | $53.14M | $72.69M | $94.45M | $46.24M | $42.75M | $66.08M | $40.79M | $39.45M | $38.22M | $57.32M | $38.81M | $38.39M | $39.52M | $56.99M | $30.57M | $29.95M |
| Low Forecast | $61.01M | $60.19M | $58.85M | $57.53M | $58.16M | $57.09M | $55.98M | $54.94M | $56.17M | $56.83M | $56.19M | $53.31M | $51.97M | $54.51M | $52.49M | $48.46M | $62.97M | $42.59M | $39.38M | $44.05M | $37.57M | $36.34M | $35.21M | $38.21M | $35.74M | $35.36M | $36.40M | $37.99M | $28.15M | $27.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.59% | 1.29% | 1.09% | 1.71% | 1.76% | 1.23% | 1.62% | 2.03% | 2.11% | 1.32% | 1.35% | 1.50% | 1.36% | 0.56% | 0.39% | 0.82% |
4 analysts predict OFG's average Quarter EBITDA for Dec 23 to be $54.98M, with a high of $62.39M and a low of $51.97M. This is -16.57% lower than OFG Bancorp's previous annual EBITDA (Sep 23) of $65.90M.
OFG Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $46.60M | $44.87M | $44.17M | $46.23M | $46.37M | $41.92M | $40.43M | $37.52M | $33.28M | $41.67M | $40.83M | $30.37M | $23.30M | $27.44M | $21.79M | $1.80M | $-991.00K | $7.38M |
| Avg Forecast | $53.88M | $52.45M | $49.58M | $47.63M | $49.02M | $47.48M | $45.37M | $43.83M | $45.83M | $48.06M | $45.16M | $36.89M | $43.71M | $44.53M | $41.48M | $33.53M | $41.42M | $40.18M | $34.64M | $30.49M | $35.59M | $32.05M | $24.98M | $22.95M | $20.97M | $14.85M | $10.37M | $3.23M | $17.44M | $20.50M |
| High Forecast | $54.39M | $52.95M | $50.05M | $48.08M | $49.48M | $47.93M | $45.80M | $44.24M | $46.26M | $48.66M | $45.17M | $44.27M | $45.15M | $44.95M | $41.87M | $40.24M | $49.71M | $42.40M | $36.55M | $36.58M | $37.55M | $33.82M | $26.36M | $27.54M | $22.13M | $15.67M | $10.94M | $3.87M | $18.40M | $21.63M |
| Low Forecast | $53.52M | $52.10M | $49.25M | $47.31M | $48.69M | $47.16M | $45.06M | $43.53M | $45.52M | $47.46M | $45.16M | $29.51M | $41.79M | $44.23M | $41.20M | $26.83M | $33.14M | $38.10M | $32.85M | $24.39M | $33.74M | $30.39M | $23.69M | $18.36M | $19.89M | $14.08M | $9.83M | $2.58M | $16.54M | $19.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.01% | 1.06% | 1.38% | 1.12% | 1.04% | 1.17% | 1.23% | 0.94% | 1.30% | 1.63% | 1.32% | 1.11% | 1.85% | 2.10% | 0.56% | -0.06% | 0.36% |
OFG Bancorp's average Quarter net income forecast for Mar 24 is $36.89M, with a range of $29.51M to $44.27M. OFG's average Quarter net income forecast represents a -20.84% decrease compared to the company's last Quarter net income of $46.60M (Dec 23).
OFG Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $75.30M | $76.85M | $75.17M | $77.36M | $72.86M | $72.70M | $69.84M | $39.08M | $38.16M | $37.62M | $36.80M | $35.13M | $36.17M | $39.12M | $40.96M | $24.70M | $21.84M |
| Avg Forecast | $77.19M | $76.16M | $74.45M | $72.78M | $73.58M | $72.23M | $70.83M | $69.51M | $71.07M | $71.59M | $70.73M | $45.94M | $69.20M | $68.97M | $66.41M | $41.76M | $58.33M | $60.44M | $55.88M | $37.96M | $53.31M | $51.56M | $49.96M | $32.67M | $50.72M | $50.18M | $51.66M | $88.91M | $39.95M | $39.15M |
| High Forecast | $77.75M | $76.71M | $75.00M | $73.31M | $74.12M | $72.75M | $71.35M | $70.02M | $71.59M | $71.66M | $70.73M | $55.12M | $78.53M | $69.47M | $66.89M | $50.11M | $69.99M | $63.01M | $58.26M | $45.56M | $55.58M | $53.75M | $52.08M | $39.21M | $52.88M | $52.31M | $53.86M | $106.69M | $41.65M | $40.81M |
| Low Forecast | $76.79M | $75.76M | $74.07M | $72.41M | $73.20M | $71.85M | $70.47M | $69.15M | $70.70M | $71.53M | $70.73M | $36.75M | $65.42M | $68.61M | $66.06M | $33.41M | $46.66M | $58.03M | $53.66M | $30.37M | $51.19M | $49.51M | $47.97M | $26.14M | $48.70M | $48.18M | $49.60M | $71.13M | $38.36M | $37.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.16% | 1.80% | 1.33% | 1.21% | 1.30% | 1.84% | 0.73% | 0.74% | 0.75% | 1.13% | 0.69% | 0.72% | 0.76% | 0.46% | 0.62% | 0.56% |
OFG Bancorp's average Quarter SG&A projection for Dec 23 is $69.20M, based on 4 Wall Street analysts, with a range of $65.42M to $78.53M. The forecast indicates a -8.10% fall compared to OFG last annual SG&A of $75.30M (Sep 23).
OFG Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.98 | $0.95 | $0.93 | $0.97 | $0.97 | $0.88 | $0.84 | $0.77 | $0.67 | $0.82 | $0.79 | $0.57 | $0.45 | $0.50 | $0.39 | - | $-0.04 | $0.11 |
| Avg Forecast | $1.15 | $1.12 | $1.05 | $1.01 | $1.04 | $1.01 | $0.97 | $0.93 | $0.97 | $1.02 | $0.96 | $0.95 | $0.93 | $0.95 | $0.88 | $0.86 | $0.92 | $0.85 | $0.73 | $0.64 | $0.76 | $0.68 | $0.53 | $0.45 | $0.45 | $0.32 | $0.22 | $0.43 | $0.37 | $0.43 |
| High Forecast | $1.16 | $1.13 | $1.06 | $1.02 | $1.05 | $1.02 | $0.97 | $0.94 | $0.98 | $1.04 | $0.96 | $0.96 | $0.96 | $0.96 | $0.89 | $0.87 | $0.93 | $0.90 | $0.78 | $0.67 | $0.80 | $0.72 | $0.56 | $0.47 | $0.47 | $0.33 | $0.23 | $0.45 | $0.39 | $0.46 |
| Low Forecast | $1.14 | $1.11 | $1.05 | $1.01 | $1.04 | $1.00 | $0.96 | $0.93 | $0.97 | $1.01 | $0.96 | $0.94 | $0.89 | $0.94 | $0.88 | $0.86 | $0.91 | $0.81 | $0.70 | $0.60 | $0.72 | $0.64 | $0.50 | $0.42 | $0.42 | $0.30 | $0.21 | $0.41 | $0.35 | $0.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.00% | 1.05% | 1.12% | 1.06% | 1.03% | 1.14% | 1.21% | 0.89% | 1.21% | 1.49% | 1.28% | 1.01% | 1.59% | 1.77% | 0.01% | -0.11% | 0.25% |
According to 2 Wall Street analysts, OFG Bancorp's projected average Quarter EPS for Mar 24 is $0.95, with a low estimate of $0.94 and a high estimate of $0.96. This represents a -3.06% decrease compared to OFG previous annual EPS of $0.98 (Dec 23).
OFG Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BPOP | Popular | $98.04 | $104.00 | 6.08% | Buy |
| OFG | OFG Bancorp | $44.41 | $47.00 | 5.83% | Buy |
| FFNW | First Financial Northwest | $22.47 | $23.50 | 4.58% | Hold |
| HBCP | Home Bancorp | $48.91 | $50.00 | 2.23% | Buy |
| FNWB | First Northwest Bancorp | $11.07 | $11.00 | -0.63% | Hold |
| FCF | First Commonwealth Financial | $18.74 | $18.00 | -3.95% | Buy |
| FBNC | First Bancorp | $46.69 | $43.00 | -7.90% | Buy |
| FBIZ | First Business Financial Services | $50.25 | $45.00 | -10.45% | Buy |
| FCCO | First Community | $24.94 | $21.00 | -15.80% | Buy |