OFG Bancorp (NYSE:OFG) Director Sells $1,216,291.20 in Stock

OFG Bancorp (NYSE:OFGGet Rating) Director Jorge Colon sold 40,870 shares of OFG Bancorp stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $29.76, for a total value of $1,216,291.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $904,200.00.

OFG Bancorp Stock Performance

Shares of OFG opened at $30.02 on Friday. The stock has a 50-day simple moving average of $28.53 and a 200-day simple moving average of $27.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market capitalization of $1.43 billion, a PE ratio of 8.73 and a beta of 1.07. OFG Bancorp has a 1 year low of $24.39 and a 1 year high of $30.52.

OFG Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. 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. OFG Bancorp’s dividend payout ratio (DPR) is presently 25.58%.

Institutional Investors Weigh In On OFG Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in OFG Bancorp during the third quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of OFG Bancorp in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP increased its holdings in shares of OFG Bancorp by 734.8% in the second quarter. Quantbot Technologies LP now owns 1,678 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,477 shares during the period. Tower Research Capital LLC TRC grew its holdings in OFG Bancorp by 193.9% during the third quarter. Tower Research Capital LLC TRC now owns 6,592 shares of the bank’s stock worth $166,000 after acquiring an additional 4,349 shares during the period. Finally, ProShare Advisors LLC acquired a new position in OFG Bancorp during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About OFG Bancorp

(Get Rating)

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.

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Insider Buying and Selling by Quarter for OFG Bancorp (NYSE:OFG)

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