Trade-Ideas LLC identified

OFG Bancorp

(

OFG

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified OFG Bancorp as such a stock due to the following factors:

  • OFG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.4 million.
  • OFG has traded 273.67200000000002546585164964199066162109375 options contracts today.
  • OFG is making at least a new 3-day high.
  • OFG is mentioned 0.74 times per day on StockTwits.
  • OFG has not yet been mentioned on StockTwits today.
  • OFG is currently in the upper 20% of its 1-year range.
  • OFG is in the upper 35% of its 20-day range.
  • OFG is in the upper 45% of its 5-day range.
  • OFG is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on OFG:

OFG Bancorp, a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The stock currently has a dividend yield of 2.3%. Currently there are 2 analysts that rate OFG Bancorp a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for OFG Bancorp has been 460,500 shares per day over the past 30 days. OFG has a market cap of $452.8 million and is part of the financial sector and banking industry. The stock has a beta of 1.43 and a short float of 12.3% with 12.62 days to cover. Shares are up 44% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates OFG Bancorp as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 561.2% when compared to the same quarter one year prior, rising from -$3.11 million to $14.34 million.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry, implying reduced upside potential.
  • OFG BANCORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, OFG BANCORP swung to a loss, reporting -$0.36 versus $1.50 in the prior year. This year, the market expects an improvement in earnings ($1.00 versus -$0.36).
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Commercial Banks industry and the overall market, OFG BANCORP's return on equity is below that of both the industry average and the S&P 500.

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