After Sandler O’Neill and Piper Jaffray gave Oriental Financial Group (NYSE: OFG) a Buy rating last month, the company received another Buy, this time from KBW. Analyst Glen Manna reiterated a Buy rating on Oriental Financial Group yesterday and set a price target of $18. The company’s shares closed on Friday at $15.90, close to its 52-week high of $16.
Manna has an average return of 29.1% when recommending Oriental Financial Group.
According to TipRanks.com, Manna is ranked #1706 out of 4840 analysts.
Oriental Financial Group has an analyst consensus of Strong Buy, with a price target consensus of $17.67, representing an 11.1% upside. In a report issued on July 16, Piper Jaffray also upgraded the stock to Buy with a $17 price target.
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Oriental Financial Group’s market cap is currently $699.1M and has a P/E ratio of 17.73. The company has a Price to Book ratio of 0.91.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
OFG Bancorp operates as a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer and mortgage loans.
