Dimensional Fund Advisors LP boosted its stake in shares of OFG Bancorp (NYSE:OFG – Get Rating) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,908,669 shares of the bank’s stock after buying an additional 82,752 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of OFG Bancorp worth $107,723,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in OFG Bancorp by 219.1% in the third quarter. Federated Hermes Inc. now owns 101,760 shares of the bank’s stock valued at $2,557,000 after purchasing an additional 69,870 shares during the last quarter. New York State Teachers Retirement System boosted its position in OFG Bancorp by 17.6% during the 4th quarter. New York State Teachers Retirement System now owns 30,694 shares of the bank’s stock valued at $846,000 after acquiring an additional 4,600 shares in the last quarter. Bailard Inc. purchased a new position in shares of OFG Bancorp during the fourth quarter valued at approximately $482,000. LSV Asset Management raised its holdings in OFG Bancorp by 16.9% in the 3rd quarter. LSV Asset Management now owns 1,968,582 shares of the bank’s stock worth $49,470,000 after acquiring an additional 284,327 shares during the last quarter. Finally, Mach 1 Financial Group LLC purchased a new stake in OFG Bancorp during the 4th quarter valued at $551,000. 91.03% of the stock is owned by institutional investors.
Analyst Ratings Changes
OFG has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of OFG Bancorp in a report on Thursday. They issued a “hold” rating for the company. Wells Fargo & Company lowered their target price on shares of OFG Bancorp from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th.
Insider Buying and Selling
OFG Bancorp Trading Down 2.0 %
NYSE OFG opened at $24.23 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $24.78 and a two-hundred day simple moving average of $26.99. OFG Bancorp has a 12-month low of $22.34 and a 12-month high of $30.52. The stock has a market cap of $1.15 billion, a P/E ratio of 6.66 and a beta of 1.04.
OFG Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.88 annualized dividend and a dividend yield of 3.63%. OFG Bancorp’s dividend payout ratio (DPR) is presently 24.18%.
About OFG Bancorp
OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans.
- Get a free copy of the StockNews.com research report on OFG Bancorp (OFG)
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