Brokerages Set OFG Bancorp (NYSE:OFG) PT at $45.83

Shares of OFG Bancorp (NYSE:OFG) have earned an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $47.20.

A number of equities analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and set a $48.00 target price (up from $43.00) on shares of OFG Bancorp in a report on Wednesday. Zacks Research upgraded OFG Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Wells Fargo & Company increased their target price on OFG Bancorp from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of OFG Bancorp in a report on Monday, December 29th. Finally, Truist Financial increased their target price on OFG Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday.

Insider Activity at OFG Bancorp

In other OFG Bancorp news, Director Annette Franqui acquired 1,540 shares of OFG Bancorp stock in a transaction dated Friday, February 20th. The stock was bought at an average cost of $42.06 per share, for a total transaction of $64,772.40. Following the purchase, the director directly owned 3,440 shares in the company, valued at approximately $144,686.40. This represents a 81.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OFG Bancorp

Large investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of OFG Bancorp during the 3rd quarter worth about $35,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of OFG Bancorp during the 3rd quarter worth about $53,000. EverSource Wealth Advisors LLC boosted its stake in shares of OFG Bancorp by 250.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after buying an additional 1,095 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of OFG Bancorp during the 2nd quarter worth about $97,000. Finally, Quantbot Technologies LP acquired a new position in shares of OFG Bancorp during the 2nd quarter worth about $162,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting OFG Bancorp

Here are the key news stories impacting OFG Bancorp this week:

• Positive Sentiment: Q1 earnings beat and revenue growth — OFG reported Q1 results that topped estimates (earnings and revenue), driving initial share gains as management cited strong deposit performance and progress on its digital strategy. OFG Bancorp (NYSE:OFG) Shares Up 6.3% on Earnings Beat
• Positive Sentiment: Earnings‑call detail: strategy and metrics look constructive — The earnings call and presentations emphasized digital channel growth, deposit stability and margin/fee drivers that underpin the beat and near‑term outlook. Q1 2026 Earnings Call Highlights
• Positive Sentiment: Analysts lift forecasts and price targets — Multiple firms raised forecasts and targets after the quarter (Truist upgraded to a buy and raised its target to $50), providing fresh buy-side support. Analysts Raise Forecasts After Q1
• Positive Sentiment: Quarterly dividend announced — OFG declared a quarterly dividend of $0.35 (annualized yield ~3.1%), supporting income‑oriented investor interest.
• Positive Sentiment: Shareholder vote supports board and governance — At the April 22 annual meeting shareholders reelected the board and approved governance measures, reducing near‑term proxy risk. Shareholders Reelect Board
• Neutral Sentiment: Piper Sandler stays neutral but lifts target — Piper Sandler reaffirmed a neutral rating and nudged its target to $48, reflecting cautious optimism but not an outright upgrade. Piper Sandler Rating
• Negative Sentiment: Wells Fargo target still below current price — Wells Fargo raised its target modestly to $45 but kept an “equal weight” stance; that target implies limited upside (and slight downside) versus the current share level, which may cap momentum. Wells Fargo Price Target

OFG Bancorp Price Performance

OFG stock opened at $46.05 on Tuesday. The stock has a 50-day moving average price of $41.18 and a two-hundred day moving average price of $40.94. The stock has a market cap of $1.96 billion, a PE ratio of 9.51 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. OFG Bancorp has a 1 year low of $35.71 and a 1 year high of $46.85.

OFG Bancorp (NYSE:OFG) last released its earnings results on Tuesday, April 21st. The bank reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.24. The firm had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $179.16 million. OFG Bancorp had a return on equity of 15.62% and a net margin of 23.45%.The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Equities analysts forecast that OFG Bancorp will post 4.5 EPS for the current fiscal year.

OFG Bancorp declared that its board has approved a share buyback program on Wednesday, January 28th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the bank to repurchase up to 12% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

OFG Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 30th. OFG Bancorp’s dividend payout ratio is currently 28.93%.

OFG Bancorp Company Profile

OFG Bancorp, through its principal subsidiary Oriental Bank, is a financial holding company headquartered in San Juan, Puerto Rico. The company provides a wide range of banking services, including commercial and consumer deposit accounts, small business loans, corporate lending, treasury management, and cash management solutions. Its consumer offerings encompass personal checking and savings accounts, credit cards, and electronic banking platforms designed to serve retail customers across its markets.

In addition to traditional banking products, OFG Bancorp offers mortgage origination and servicing, as well as wealth management and trust services for high‐net‐worth individuals and institutional clients.