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Should Value Investors Buy OFG Bancorp (OFG) Stock?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
OFG Bancorp (OFG - Free Report) is a stock many investors are watching right now. OFG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 10.75, which compares to its industry's average of 12.39. Over the past 52 weeks, OFG's Forward P/E has been as high as 13.62 and as low as 7.28, with a median of 10.19.
Another notable valuation metric for OFG is its P/B ratio of 0.93. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.79. Over the past year, OFG's P/B has been as high as 1 and as low as 0.46, with a median of 0.63.
Finally, investors should note that OFG has a P/CF ratio of 10.67. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. OFG's current P/CF looks attractive when compared to its industry's average P/CF of 18.93. Over the past 52 weeks, OFG's P/CF has been as high as 11.49 and as low as 4.26, with a median of 6.61.
These are only a few of the key metrics included in OFG Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OFG looks like an impressive value stock at the moment.
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Should Value Investors Buy OFG Bancorp (OFG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
OFG Bancorp (OFG - Free Report) is a stock many investors are watching right now. OFG is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 10.75, which compares to its industry's average of 12.39. Over the past 52 weeks, OFG's Forward P/E has been as high as 13.62 and as low as 7.28, with a median of 10.19.
Another notable valuation metric for OFG is its P/B ratio of 0.93. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.79. Over the past year, OFG's P/B has been as high as 1 and as low as 0.46, with a median of 0.63.
Finally, investors should note that OFG has a P/CF ratio of 10.67. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. OFG's current P/CF looks attractive when compared to its industry's average P/CF of 18.93. Over the past 52 weeks, OFG's P/CF has been as high as 11.49 and as low as 4.26, with a median of 6.61.
These are only a few of the key metrics included in OFG Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OFG looks like an impressive value stock at the moment.