Does OFG Bancorp (OFG) have what it takes to be a top stock pick for momentum investors? Let's find out.
OFG (OFG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
OFG Bancorp (NYSE:OFG ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jose Rafael Fernandez - Chairman and Chief Executive Officer Maritza Arizmendi - Chief Financial Officer Cesar Ortiz - Chief Risk Officer Conference Call Participants Timur Braziler - Wells Fargo Brett Rabatin - Hovde Group Kelly Motta - KBW Operator Good morning. Thank you for joining OFG Bancorp's Conference Call.
OFG Bancorp (OFG) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.93 per share a year ago.
OFG (OFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).