OFG Price Prediction Next Week
Analysis and Insights
News Sentiment and Dividend Announcement:
OFG Bancorp recently declared a quarterly dividend of $0.30 per share, marking a 20% increase from the previous dividend of $0.25. This indicates strong financial health and shareholder confidence. Additionally, OFG is part of the Fidelity Small-Mid Multifactor ETF (FSMD), with analysts targeting a price of $50.62, suggesting significant upside potential.
Technical Indicators Analysis:
- RSI (12-period): 41.87, indicating the stock is in a bearish trend but nearing oversold territory.
- MACD: Slightly negative, suggesting bearish momentum but nearing a potential crossover.
- Fibonacci Levels: Pivot at $40.08, with resistance at $41.21 and $43.03.
Price Prediction and Recommendation:
Based on the dividend increase and analyst sentiment, OFG is expected to rise to $42.50 next week. A buy recommendation is warranted if the stock breaks above the resistance level of $41.21.
Target Price: $42.50
Recommendation: Buy if the stock shows strength above $41.21.
OFG Similar Chart Price Prediction
The price of OFG is predicted to go up -6.31%, based on the high correlation periods with SF. The similarity of these two price pattern on the periods is 94.3%.
OFG
SF
Down: -6.31%Similarity: 94.3%
OFG Revenue Forecast
OFG EPS Forecast
OFG FAQs
What is OFG revenue forecast for next quarter？
What is OFG eps forecast for next quarter？
OFG Analyst's Forecast
Kelly Motta
Keefe, Bruyette & Woods
Buy
2025-01-23
Price Target
$53 → $55
Upside
+26.99%
Keefe Bruyette raised the firm's price target on OFG Bancorp to $55 from $53 and keeps an Outperform rating on the shares. The firm remains "positively biased" towards OFG following the "solid' earnings report.
Timur Braziler
Wells Fargo
Buy
2024-12-03
Price Target
$48 → $49
Upside
+8%
Frank Schiraldi
Piper Sandler
Buy
2024-10-17
Price Target
$49 → $47
Upside
+13.06%
