OFG Bancorp (NYSE:OFG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of OFG Bancorp (NYSE:OFG) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,946 shares of the bank’s stock after selling 1,389 shares during the quarter. Yousif Capital Management LLC’s holdings in OFG Bancorp were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OFG. Charles Schwab Investment Management Inc. raised its position in OFG Bancorp by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,295,820 shares of the bank’s stock valued at $38,693,000 after purchasing an additional 19,117 shares during the period. American Century Companies Inc. increased its stake in OFG Bancorp by 9.9% during the 3rd quarter. American Century Companies Inc. now owns 568,693 shares of the bank’s stock worth $16,981,000 after buying an additional 51,391 shares during the period. Deutsche Bank AG lifted its stake in shares of OFG Bancorp by 0.8% in the third quarter. Deutsche Bank AG now owns 364,442 shares of the bank’s stock worth $10,882,000 after acquiring an additional 2,849 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of OFG Bancorp by 1.2% during the third quarter. Victory Capital Management Inc. now owns 196,791 shares of the bank’s stock worth $5,876,000 after buying an additional 2,258 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in OFG Bancorp by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 196,042 shares of the bank’s stock valued at $7,348,000 after purchasing an additional 95,282 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

OFG Bancorp Stock Performance

Shares of NYSE OFG opened at $37.34 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $1.76 billion, a P/E ratio of 9.55 and a beta of 1.08. The business’s 50-day moving average price is $35.86 and its two-hundred day moving average price is $35.11. OFG Bancorp has a one year low of $22.34 and a one year high of $39.04.

OFG Bancorp (NYSE:OFG) last released its earnings results on Thursday, April 18th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $213.49 million during the quarter, compared to analysts’ expectations of $175.20 million. OFG Bancorp had a net margin of 23.00% and a return on equity of 16.10%. During the same period in the prior year, the company earned $0.96 EPS. Analysts anticipate that OFG Bancorp will post 4.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on OFG Bancorp from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th.

Insider Activity

In related news, insider Ganesh Kumar sold 9,697 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $36.40, for a total value of $352,970.80. Following the completion of the transaction, the insider now owns 134,805 shares in the company, valued at approximately $4,906,902. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 34,536 shares of company stock worth $1,238,317. Insiders own 3.11% of the company’s stock.

About OFG Bancorp

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, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.