OFG Bancorp saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 71.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if OFG Bancorp can continue to show renewed price strength and hit that benchmark.
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While now is not an ideal time to invest, see if the stock goes on to form a base and break out.
OFG Bancorp showed 5% EPS growth last quarter. Sales increased 1%. Keep an eye out for the company's next round of numbers on or around Jan. 22.
The company holds the No. 17 rank among its peers in the Banks-Southeast industry group. Village Bank & Trust, MetroCity Bankshares and Burke Herbert Finl Svcs are among the top 5 highly rated stocks within the group.
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