OFG Bancorp (OFG) Stock Forecast, Price Target & Predictions

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OFG Stock Forecast

OFG Bancorp stock forecast is as follows: an average price target of $47.00 (represents a 12.41% upside from OFG’s last price of $41.81) 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 12.41% upside from OFG's last price of $41.81.

OFG Analyst Ratings

Buy

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%	12.41%
Aug 26, 2024	Frank Schiraldi	Piper Sandler	$49.00	$44.95	9.01%	17.20%

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 12.41% increase from OFG last price ($41.81).

OFG Bancorp Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	2
Avg Price Target	-	$47.00	$48.00
Last Closing Price	$41.81	$41.81	$41.81
Upside/Downside	-100.00%	12.41%	14.81%

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 $41.81. 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	$194.04M	$191.45M	$187.17M	$182.97M	$184.98M	$181.57M	$178.07M	$174.74M	$178.67M	$178.41M	$176.09M	$175.40M	$195.52M	$173.37M	$166.94M	$164.57M	$163.98M	$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	$190.85M	$188.30M	$184.09M	$179.96M	$181.94M	$178.58M	$175.14M	$171.87M	$175.72M	$178.08M	$176.09M	$174.65M	$162.88M	$170.52M	$164.19M	$161.86M	$161.28M	$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	$61.92M	$61.09M	$59.73M	$58.39M	$59.03M	$57.94M	$56.82M	$55.76M	$57.01M	$56.93M	$56.19M	$79.96M	$62.39M	$55.32M	$53.27M	$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	$60.90M	$60.09M	$58.74M	$57.43M	$58.06M	$56.99M	$55.89M	$54.84M	$56.08M	$56.83M	$56.19M	$53.31M	$51.97M	$54.41M	$52.40M	$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	$47.50M	$45.35M	$43.88M	$45.88M	$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	$54.56M	$53.11M	$50.21M	$48.23M	$49.63M	$48.10M	$45.92M	$44.44M	$46.46M	$48.66M	$45.17M	$44.27M	$45.15M	$45.09M	$42.00M	$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	$53.40M	$51.98M	$49.14M	$47.20M	$48.58M	$47.08M	$44.94M	$43.49M	$45.47M	$47.46M	$45.16M	$29.51M	$41.79M	$44.13M	$41.11M	$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	$77.94M	$76.90M	$75.18M	$73.49M	$74.30M	$72.93M	$71.52M	$70.19M	$71.76M	$71.66M	$70.73M	$55.12M	$78.53M	$69.63M	$67.05M	$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	$76.65M	$75.63M	$73.94M	$72.28M	$73.08M	$71.73M	$70.34M	$69.03M	$70.58M	$71.53M	$70.73M	$36.75M	$65.42M	$68.49M	$65.95M	$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	$0.96	$0.93	$0.98	$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	$1.07	$1.03	$1.06	$1.02	$0.98	$0.95	$0.99	$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	$1.00	$1.03	$1.00	$0.96	$0.93	$0.97	$1.01	$0.96	$0.94	$0.89	$0.94	$0.87	$0.85	$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	$93.88	$107.67	14.69%	Buy
OFG	OFG Bancorp	$42.86	$47.00	9.66%	Buy
FFNW	First Financial Northwest	$21.85	$23.50	7.55%	Hold
FCF	First Commonwealth Financial	$17.84	$19.00	6.50%	Buy
FNWB	First Northwest Bancorp	$10.36	$11.00	6.18%	Hold
HBCP	Home Bancorp	$48.80	$50.00	2.46%	Buy
FBIZ	First Business Financial Services	$48.93	$50.00	2.19%	Buy
FBNC	First Bancorp	$47.35	$43.00	-9.19%	Buy
FCCO	First Community	$25.95	$21.00	-19.08%	Buy

OFG Forecast FAQ

Is OFG Bancorp a good buy?

Yes, according to 2 Wall Street analysts, OFG Bancorp (OFG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of OFG's total ratings.

What is OFG's price target?

OFG Bancorp (OFG) average price target is $47 with a range of $47 to $47, implying a 12.41% from its last price of $41.81. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will OFG Bancorp stock go up soon?

According to Wall Street analysts' prediction for OFG stock, the company can go up by 12.41% (from the last price of $41.81 to the average price target of $47), up by 12.41% based on the highest stock price target, and up by 12.41% based on the lowest stock price target.

Can OFG Bancorp stock reach $60?

OFG's average twelve months analyst stock price target of $47 does not support the claim that OFG Bancorp can reach $60 in the near future.

What are OFG Bancorp's analysts' financial forecasts?

OFG Bancorp's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $712.45M (high $719.36M, low $707.53M), average EBITDA is $227.35M (high $229.56M, low $225.78M), average net income is $185.75M (high $188.1M, low $184.08M), average SG&A $286.16M (high $288.94M, low $284.18M), and average EPS is $3.95 (high $4, low $3.92). OFG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $748.36M (high $755.62M, low $743.19M), average EBITDA is $238.81M (high $241.13M, low $237.16M), average net income is $203.54M (high $206.11M, low $201.71M), average SG&A $300.58M (high $303.5M, low $298.5M), and average EPS is $4.33 (high $4.39, low $4.29).

Did the OFG's actual financial results beat the analysts' financial forecasts?

Based on OFG Bancorp's last annual report (Dec 2023), the company's revenue was $777.26M, beating the average analysts forecast of $672.32M by 15.61%. Apple's EBITDA was $0, missing the average prediction of $223.1M by -100.00%. The company's net income was $181.87M, beating the average estimation of $163.25M by 11.40%. Apple's SG&A was $0, missing the average forecast of $246.33M by -100.00%. Lastly, the company's EPS was $3.82, beating the average prediction of $3.62 by 5.45%. In terms of the last quarterly report (Dec 2023), OFG Bancorp's revenue was $214.91M, beating the average analysts' forecast of $172.29M by 24.74%. The company's EBITDA was $0, missing the average prediction of $54.98M by -100.00%. OFG Bancorp's net income was $46.6M, beating the average estimation of $43.71M by 6.60%. The company's SG&A was $0, missing the average forecast of $69.2M by -100.00%. Lastly, the company's EPS was $0.98, beating the average prediction of $0.93 by 5.38%