OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook
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OFG Bancorp maintains a buy rating despite a flat earnings outlook. Puerto Rico's improving unemployment rate may boost loan growth, but mixed economic metrics and inflexible deposit costs could lead to declining margins. The EPS estimate for 2025 remains unchanged at $4.25.
January 29, 2025 | 11:15 pm
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OFG Bancorp maintains a buy rating despite a flat earnings outlook. Improving unemployment in Puerto Rico may boost loan growth, but margins could decline due to inflexible deposit costs. EPS for 2025 remains at $4.25.
The article maintains a buy rating for OFG Bancorp, indicating a neutral short-term impact on stock price. While loan growth may improve due to better unemployment rates, declining margins due to inflexible deposit costs balance the outlook. The unchanged EPS estimate for 2025 suggests stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100