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July 2, 2014
09:15 EDTBPOP, OFG, FBPPuerto Rican legislation positive for banks, says Sterne Agee
Sterne Agee believes that legislation to restructure public entities in Puerto Rico is positive for banks based there. The firm does not expect Popular (BPOP), OFG Bancorp (OFG), or First BanCorp (FBP) to have any losses or significant negative impact as a result of the legislation. It identifies Popular as its favorite name in the sector, followed by OFG and First Bancorp. The firm has Buy ratings on all three names.
News For BPOP;OFG;FBP From The Last 14 Days
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August 21, 2014
08:54 EDTOFGOFG Bancorp outlook has improved, says Sterne Agee
After meeting with OFG's management, Sterne Agee thinks the stock's risk/reward ratio is attractive at current levels, given what the firm sees as its improving earning power, solid capital levels and a lower risk balance sheet relative to Puerto Rican peers. The firm keeps a $21.50 price target and Buy rating on the shares.
August 14, 2014
08:06 EDTOFGOFG Bancorp management to meet with Sterne Agee
Meetings to be held in Texas on August 18, in Kansas City on August 19 and in the Midwest on August 20 hosted by Sterne Agee.

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