OFG Bancorp (NYSE:OFG) Stock Price Expected to Rise, Truist Financial Analyst Says

OFG Bancorp (NYSE:OFG) had its price target upped by equities researchers at Truist Financial from $44.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s price objective indicates a potential upside of 8.59% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Piper Sandler started coverage on OFG Bancorp in a research note on Thursday, January 15th. They issued a “neutral” rating and a $45.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of OFG Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $43.00 price target (down from $50.00) on shares of OFG Bancorp in a research note on Friday, January 23rd. Finally, Zacks Research upgraded OFG Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, OFG Bancorp has a consensus rating of “Hold” and a consensus price target of $47.20.

OFG Bancorp Trading Up 0.6%

OFG Bancorp stock opened at $46.05 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $41.18 and its two-hundred day simple moving average is $40.94. OFG Bancorp has a 12 month low of $35.71 and a 12 month high of $46.85. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 9.51 and a beta of 0.67.

OFG Bancorp (NYSE:OFG) last released its earnings results on Tuesday, April 21st. The bank reported $1.26 EPS for the quarter, topping the consensus estimate of $1.02 by $0.24. OFG Bancorp had a return on equity of 15.62% and a net margin of 23.45%.The business had revenue of $185.80 million for the quarter, compared to the consensus estimate of $179.16 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that OFG Bancorp will post 4.5 earnings per share for the current fiscal year.

OFG Bancorp announced that its board has approved a share repurchase plan on Wednesday, January 28th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the bank to reacquire up to 12% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Annette Franqui acquired 1,540 shares of OFG Bancorp stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $42.06 per share, for a total transaction of $64,772.40. Following the completion of the transaction, the director owned 3,440 shares in the company, valued at $144,686.40. The trade was a 81.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.23% of the company’s stock.

Institutional Trading of OFG Bancorp

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in OFG Bancorp during the third quarter valued at $35,000. Wealth Enhancement Advisory Services LLC purchased a new stake in OFG Bancorp in the third quarter worth about $53,000. EverSource Wealth Advisors LLC increased its position in OFG Bancorp by 250.0% in the second 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in OFG Bancorp in the second quarter worth about $97,000. Finally, Quantbot Technologies LP purchased a new stake in OFG Bancorp in the second quarter worth about $162,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Key Headlines 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

About OFG Bancorp

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.