Jorge Colon Sells 40,870 Shares of OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp (NYSE:OFG – Get Rating) Director Jorge Colon sold 40,870 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $29.76, for a total transaction of $1,216,291.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jorge Colon also recently made the following trade(s):

• On Wednesday, March 1st, Jorge Colon sold 30,000 shares of OFG Bancorp stock. The shares were sold at an average price of $30.14, for a total transaction of $904,200.00.

OFG Bancorp Stock Up 1.0 %

OFG stock opened at $30.02 on Friday. The firm has a 50 day moving average of $28.53 and a 200 day moving average of $27.78. The stock has a market capitalization of $1.43 billion, a PE ratio of 8.73 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. OFG Bancorp has a 52 week low of $24.39 and a 52 week high of $30.52.

OFG Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from OFG Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%. OFG Bancorp’s dividend payout ratio (DPR) is 25.58%.

Institutional Trading of OFG Bancorp

A number of institutional investors have recently bought and sold shares of OFG. Financial Management Professionals Inc. acquired a new stake in OFG Bancorp in the 3rd quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC acquired a new stake in OFG Bancorp during the 4th quarter valued at approximately $28,000. Quantbot Technologies LP lifted its stake in OFG Bancorp by 734.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,678 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,477 shares during the period. Tower Research Capital LLC TRC lifted its stake in OFG Bancorp by 193.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,592 shares of the bank’s stock valued at $166,000 after acquiring an additional 4,349 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in OFG Bancorp during the 4th quarter valued at approximately $203,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About OFG Bancorp

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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.