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Ofg Bancorp

OFG Bancorp (NYSE: OFG) is a publicly traded financial holding company based in San Juan, Puerto Rico. It provides various financial products and services in Puerto Rico and the United States. The bank's services include commercial and industrial loans, auto loans, mortgages, credit cards, and cash management services. Here are some key points about the company's financials and growth:

Revenue and Net Income

For the third quarter of 2022, OFG Bancorp reported total revenue of $149.6 million, with net income of $28.1 million, or $0.46 per diluted share. Comparatively, in the third quarter of 2021, the company had total revenue of $162.6 million and net income of $33.8 million, or $0.56 per diluted share. The company's revenue and net income have been affected by the COVID-19 pandemic and the economic downturn in Puerto Rico.

Earnings per Share (EPS) and Valuation

As of November 17, 2022, OFG Bancorp's stock price was $13.89. Its earnings per share (EPS) for the trailing twelve months (TTM) were $1.87. The company's P/E ratio (TTM) is 7.44, which is lower than the industry average of 12.14. The PEG (Price/Earnings to Growth) ratio is 1.69, indicating that the current stock price undervalues the company's future earnings growth potential.

Growth

OFG Bancorp's stock price has shown low volatility over the past year, ranging between $11.96 and $15.60. Its 50-day moving average is $13.38, and the 200-day moving average is $12.62. The 14-day relative strength index (RSI) is 54.35, indicating that the stock is neither overbought nor oversold.

OFG Bancorp's future growth relies heavily on the economic recovery of Puerto Rico, which has been battling debt crises and natural disasters. A Congress-appointed board overseeing the island's finances has been working to restructure a portion of Puerto Rico's $120 billion debt. Analysts at Tip Ranks are optimistic about OFG Bancorp's future, with a 12-month average price target of $15.33, representing a potential upside of 11.8% from the current stock price.

Overall, while OFG Bancorp's current stock price has been undervalued, its future earnings growth potential and attractive valuation multiples make it a compelling investment opportunity. However, it is essential to keep a close eye on the company's performance and the economic recovery of Puerto Rico, which will significantly impact the company's long-term growth.