How to Buy Ofg Bancorp Stock
Ofg Bancorp
Ofg Bancorp is a bank company located in Puerto Rico, which is part of the Financial Services sector, and is traded under the ticker OFG on the NYSE exchange.
Ofg Bancorp stock last closed at $36.46, down 1.38% from the previous day, and has increased 46.02% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.26 percentage points. Ofg Bancorp stock is currently +63.21% from its 52-week low of $22.34, and -6.61% from its 52-week high of $39.04.
At the moment, there are 47.08M shares of OFG outstanding. The market value of OFG is $1.72B. In the past 24 hours, 232,889 OFG shares were traded.
How to Buy Ofg Bancorp Stock
Wondering how to invest in Ofg Bancorp stock? Here's how.
- Choose where to buy Ofg Bancorp stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Ofg Bancorp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your method of payment and add your details.
- Analyze Ofg Bancorp stock: The Ofg Bancorp ticker symbol is OFG. Is Ofg Bancorp stock a good investment? Should you buy shares of OFG? How do OFG's underlying business fundamentals look? Do top analysts think Ofg Bancorp is a good buy? Why has OFG's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if OFG is a good stock to buy).
- Make your OFG purchase: Decide if you will purchase OFG shares at the current market price or use a limit order to purchase OFG shares at a given price.
- Keep tabs on your investment in OFG: Create a watchlist to watch your new investment in Ofg Bancorp shares.
Step 1: Choose where to buy Ofg Bancorp stock
You need an online brokerage account in order to access the NYSE market and buy OFG shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to invest in OFG stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on the best stock market app, you need to deposit funds:
Check out this video walkthrough to see the process of depositing money into your brokerage account.
Step 4: Analyze Ofg Bancorp stock
After you have figured out the best place to buy Ofg Bancorp stock, it's critical to research their stock before you buy, so you truly comprehend the risk and opportunity.
Overview of key OFG info
OFG Fundamentals
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on OFG's stock page.
Is OFG stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge OFG's fair value.
Using relative valuations metrics:
- OFG may be undervalued based on its P/E ratio of 9.47x, relative to Banks - Regional industry P/E ratio of -10.31x
- OFG could be overvalued based on its P/B ratio of 1.44x, relative to Banks - Regional industry P/B ratio of 0.99x
- OFG may be undervalued based on its PEG ratio of 0.67x
You can do additional valuation research on OFG's stock here.
OFG Financial Overview
Positive Financial Indicators:
- OFG's operating cash flow of $295.66M allows it to safely service it's debt of $224.80M.
- OFG profit margin has gone up from 28.2% to 28.9% in the past year.
- OFG earnings of $265.25M is not sufficient to cover its interest payments.
Negative Financial Indicators:
- Total OFG debt is higher than 5 years ago, relative to shareholder equity.
- OFG has a relatively high debt to equity ratio of 8.51.
Is Ofg Bancorp stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give forecasts on OFG, the consensus analyst rating on Ofg Bancorp is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Ofg Bancorp stock forecast page.
OFG Technical Indicators
OFG Growth Metrics
Last year, OFG earnings were $181.87M. During the past 5 year, OFG's earnings have grown by 19.35% per year. This was faster than the Banks - Regional industry average of 17.48%.
Last year, OFG revenue was $628.61M. Over the last five year, OFG's revenue has gone up by 13.09% per year. This was faster than the Banks - Regional industry average of 7.5%.
Dive into OFG's earnings and revenue performance here.
What are OFG executives and large shareholders up to?
In the past 12 months, executives and large shareholders at OFG have sold more shares than they have bought.
Ganesh Kumar, Chief Strategy Officer US of OFG, was the latest OFG insider to sell. They sold $277,659.20 worth of OFG shares on Mar 28, 2024.
Research more about who owns OFG stock here.
Can I get consistent income from OFG stock?
Ofg Bancorp pays a dividend of 2.5%, compared to the Banks - Regional industry's average dividend yield of 3.86%. If you owned $1,000 worth of OFG stock, you would have received $24.96 in the past year.
Ofg Bancorp dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Ofg Bancorp dividend yield and history here.
What do other traders have to say about OFG?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your OFG purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Click the Open button and eToro will execute the order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in OFG
Now that you own some shares in OFG, you'll want to stay up-to-date on your shares.
Add OFG to a watchlist to get alerted to the latest events about your OFG stock.
OFG Feed
How to Buy Stock in Ofg Bancorp
To summarize, here are the 6 steps you need to take to buy Ofg Bancorp stock right now:
- Choose where to buy Ofg Bancorp stock
- Create a brokerage account
- Deposit money your investment account
- Analyze Ofg Bancorp stock
- Make your OFG purchase
- Keep tabs on your investment in OFG
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Ofg Bancorp, create your watchlist below.
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