|Bid||26.75 x 1100|
|Ask||27.35 x 800|
|Day's Range||25.95 - 27.14|
|52 Week Range||23.38 - 27.20|
|Beta (3Y Monthly)||0.14|
|PE Ratio (TTM)||15.77|
|Forward Dividend & Yield||1.78 (6.62%)|
|1y Target Est||N/A|
Bank of Nova Scotia, Canada's third biggest lender, said on Wednesday it would sell its operations in Puerto Rico and the U.S. Virgin Islands to Oriental Bank for $560 million in cash. The deal is expected to be about 40% accretive to Oriental Bank parent OFG Bancorp's earnings per share in 2020, and the lender will have a loan portfolio totaling $7.2 billion and about 500,000 customers.
The deal is expected to be about 40% accretive to Oriental Bank parent OFG Bancorp's earnings per share in 2020, and the lender will have a loan portfolio totaling $7.2 billion and about 500,000 customers. Scotiabank will record an after-tax loss of about C$400 million ($304.79 million) in the third quarter of 2019 following the deal, which will help it focus on its key six markets.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted […]
The bank, based in San Juan, Puerto Rico, said it had earnings of 42 cents per share. The financial holding company posted revenue of $112.4 million in the period. Its revenue net of interest expense was ...
OFG Bancorp through its subsidiaries provides commercial, consumer and mortgage lending, leasing, auto loans, financial planning, insurance sales, money management and investment banking, and corporate and individual trust services. The dividend yield of OFG Bancorp stocks is 1.29%. Warning! GuruFocus has detected 4 Warning Signs with OFG.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]
OFG (OFG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
OFG (OFG) delivered earnings and revenue surprises of 13.51% and 6.43%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Juan, Puerto Rico-based bank said it had earnings of 42 cents per share. The financial holding company posted revenue of $112.8 million in the period. Its revenue net of interest expense was $100.9 ...
OFG (OFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.