OFG Bancorp (NYSE:OFG) Given New $57.00 Price Target at Keefe, Bruyette & Woods

OFG Bancorp (NYSE:OFG) had its target price hoisted by Keefe, Bruyette & Woods from $52.00 to $57.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other research analysts have also recently commented on the company. Benchmark began coverage on OFG Bancorp in a research note on Tuesday, July 14th. They set a “hold” rating on the stock. Truist Financial raised their price target on OFG Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research cut OFG Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Wells Fargo & Company upped their price objective on OFG Bancorp from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, Piper Sandler set a $56.00 price objective on OFG Bancorp in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.00.

OFG Bancorp Price Performance

OFG stock opened at $52.00 on Wednesday. The stock has a market cap of $2.20 billion, a PE ratio of 10.24 and a beta of 0.70. OFG Bancorp has a 12 month low of $35.71 and a 12 month high of $53.20. The company has a 50-day moving average price of $47.63 and a 200 day moving average price of $43.71. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

OFG Bancorp (NYSE:OFG) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.22. The company had revenue of $190.32 million for the quarter, compared to analyst estimates of $182.64 million. OFG Bancorp had a net margin of 24.08% and a return on equity of 15.92%. During the same period in the prior year, the company posted $1.15 EPS. Equities research analysts anticipate that OFG Bancorp will post 4.79 earnings per share for the current year.

Hedge Funds Weigh In On OFG Bancorp

Institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its position in shares of OFG Bancorp by 23.7% during the third quarter. Tudor Investment Corp ET AL now owns 180,897 shares of the bank’s stock worth $7,867,000 after purchasing an additional 34,653 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of OFG Bancorp by 109.0% in the 4th quarter. Intech Investment Management LLC now owns 148,046 shares of the bank’s stock worth $6,067,000 after purchasing an additional 77,223 shares in the last quarter. Vest Financial LLC boosted its position in shares of OFG Bancorp by 16.5% in the 4th quarter. Vest Financial LLC now owns 141,076 shares of the bank’s stock worth $5,781,000 after purchasing an additional 20,020 shares in the last quarter. CenterBook Partners LP boosted its position in shares of OFG Bancorp by 83.2% in the 4th quarter. CenterBook Partners LP now owns 111,190 shares of the bank’s stock worth $4,557,000 after purchasing an additional 50,508 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in OFG Bancorp during the 1st quarter worth $777,000. 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: Truist Financial raised its price target on OFG Bancorp from $55 to $58 and kept a buy rating, signaling confidence in further upside from current levels. Truist raises OFG target to $58
• Positive Sentiment: Keefe, Bruyette & Woods also lifted its target on OFG Bancorp from $52 to $57, reflecting improved expectations for the stock even though it maintained a market perform view. KBW raises OFG target to $57
• Positive Sentiment: OFG’s Q2 results came in ahead of expectations, with EPS of $1.39 versus consensus around $1.17-$1.18 and revenue of $190.3 million above forecasts, reinforcing the company’s earnings momentum. OFG Bancorp Reports 2Q26 Results
• Positive Sentiment: The earnings call highlighted strong core momentum and management said it expects second-half 2026 net interest margin in the 5.25%-5.35% range, helped by government deposit relocation. OFG expects 5.25%-5.35% NIM in 2H 2026
• Neutral Sentiment: Some commentary suggested the stock may be fairly valued after a sharp year-to-date gain, which could limit further near-term upside despite solid fundamentals. OFG Bancorp stock seems fairly priced

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.