OFG Bancorp is a financial holding company. Through its subsidiaries, Co. provides banking and financial services and solutions to its clients, including commercial, consumer, auto, leasing, checking and savings accounts. Co. operates through three main business segments: Banking, which provides banking products such as deposits and commercial, consumer and mortgage loans; Wealth Management, which provides financial planning, money management and investment banking, investment advisory services, corporate and individual trust and retirement services, as well as retirement plan administration services; and Treasury, which encompasses all of Co.'s asset/liability management activities. We show 56 historical shares outstanding datapoints in our OFG shares outstanding history coverage, used to compute OFG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OFG market cap history over the course of time is important for investors
interested in comparing OFG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OFG versus a peer is one thing; comparing
OFG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OFG can fluctuate over the course of history.
With this page we aim to empower investors researching OFG by allowing them to research the OFG market cap history. |
Free OFG Email Alerts:
Video: The Importance of Market Cap
