OFG Bancorp (OFG): Analysis on simple moving average

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OFG Bancorp (NYSE:OFG) changes shares on Thursday trading session, with a change of 3.22% or $0.39 shares. The trading starts at $11.93 and closed at $12.10 throughout the day. The trading session low price was $11.86 and day high was $12.52 on Thursday, June 25. After the session, the Financial sector daily volume shifted to 0.41 million while its average volume is 484.72K. In other hand, the OFG market cap reached to $643.23M. While, its current target price is $12.49 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down 0.00% and down -7.55% for month. Its quarterly performance was 9.47% above, while its half year performance is down -46.76%. OFG yearly performance stood at negative -39.66% and fall -47.10% for year-to-date. Current recommendation for OFG Bancorp is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OFG EPS (TTM) for 12-month is 0.50. EPS for this year is -39.70%, while for the next year its value is 1.54. Sales growth for the current quarter is 3.15 while its EPS Q/Q reached -99.20%. It has an EPS of -7.70% down for past five years and for the next five years will be up 8.00%.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in OFG Bancorp (OFG) stock. On Mar 30, 2020, Blackrock Inc. has 7.54 million shares which valued 84.34 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 6.14 million shares which valued at 68.68 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 4.13 million shares which valued at 46.21 million. In the end, Dimensional Fund Advisors LP have 8.04% shares outstanding of OFG Bancorp (OFG) on Mar 30, 2020. The insider ownership moved to 0.90% and institutional holding shifted to 94.70%.

The company posted an EPS (TTM) of 0.50. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.22, while 0.43 EPS posted a year ago period. Analyst Estimated EPS for OFG published in the report was 0.15-0.28 during the same period. Comparing with last year, the average estimated EPS was 0.43 which is higher than 0 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OFG fall -29.64% for period of 200 days. SMA for 50 days was 3.17% which is showing green signal, while SMA-20 was -2.80%. The moving average value for OFG Bancorp (OFG) is 15.96 and 12.27 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in OFG stock. On Mar 24, FERNANDEZ JOSE RAFAEL, President & CEO, bought 7,000 trading shares at the cost of $10.36, which valued at 72500.0. On Mar 20, PEREZ EDWIN, Director, bought 15,000 shares at the cost of $9.67, with total shares of 70,000. On Mar 19, PEREZ EDWIN, Director, bought 15,000 shares at the cost of 9.57. After this transaction, PEREZ EDWIN total shares reached to 55,000 which valued at 0.14 million.