OFG Bancorp (OFG) Scheduled to Post Earnings on Thursday

OFG Bancorp (NYSE:OFG – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, January 26th. Analysts expect OFG Bancorp to post earnings of $0.95 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

OFG Bancorp Stock Performance

NYSE OFG opened at $27.33 on Wednesday. The stock has a market cap of $1.30 billion, a P/E ratio of 8.73 and a beta of 1.15. The company’s 50-day simple moving average is $27.62 and its 200 day simple moving average is $27.42. OFG Bancorp has a twelve month low of $24.39 and a twelve month high of $29.85. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.03.

OFG Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.80 annualized dividend and a yield of 2.93%. OFG Bancorp’s dividend payout ratio is 25.56%.

Insider Activity at OFG Bancorp

In related news, Director Edwin Perez sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $28.50, for a total value of $142,500.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at $1,567,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 20,000 shares of company stock worth $570,100 over the last ninety days. Company insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On OFG Bancorp

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of OFG Bancorp by 0.6% during the third quarter. Royal Bank of Canada now owns 73,403 shares of the bank’s stock worth $1,845,000 after acquiring an additional 402 shares during the period. Natixis Advisors L.P. grew its position in shares of OFG Bancorp by 1.7% in the 1st quarter. Natixis Advisors L.P. now owns 27,562 shares of the bank’s stock valued at $734,000 after acquiring an additional 465 shares during the period. Captrust Financial Advisors grew its position in shares of OFG Bancorp by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 9,531 shares of the bank’s stock valued at $240,000 after acquiring an additional 625 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of OFG Bancorp by 1.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 75,469 shares of the bank’s stock valued at $1,897,000 after acquiring an additional 841 shares during the period. Finally, ExodusPoint Capital Management LP grew its position in shares of OFG Bancorp by 11.7% in the 2nd quarter. ExodusPoint Capital Management LP now owns 9,872 shares of the bank’s stock valued at $251,000 after acquiring an additional 1,037 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of OFG Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 25th.

OFG Bancorp Company Profile

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OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services.