OFG - OFG Bancorp: Declining Loan Trend Likely To Reverse Soon

• After declining for the last four quarters, the loan portfolio will likely reverse its trend because of improvement in Puerto Rico's economy.
• The provision expense will likely remain subdued in the remainder of 2021. For 2022, the provision expense will likely remain below normal.
• The year-end target price suggests a small upside from the current market price. Further, OFG is offering a low dividend yield.

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