OFG Bancorp’s (OFG) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of OFG Bancorp (NYSE:OFG) in a research note released on Friday morning, Marketbeat.com reports. They currently have a $43.00 price objective on the bank’s stock, down from their previous price objective of $50.00.

Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of OFG Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Truist Financial reduced their target price on OFG Bancorp from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Wells Fargo & Company dropped their price target on OFG Bancorp from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of OFG Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler initiated coverage on OFG Bancorp in a research note on Thursday, January 15th. They set a “neutral” rating and a $45.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.50.

OFG Bancorp Stock Performance

Shares of OFG stock opened at $37.15 on Friday. The stock has a fifty day moving average price of $40.99 and a 200 day moving average price of $42.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 0.87. The stock has a market cap of $1.63 billion, a PE ratio of 8.11 and a beta of 0.77. OFG Bancorp has a 1 year low of $33.15 and a 1 year high of $46.11.

OFG Bancorp (NYSE:OFG) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.11. OFG Bancorp had a return on equity of 15.21% and a net margin of 22.72%.The business had revenue of $185.37 million during the quarter, compared to analysts’ expectations of $184.17 million. During the same quarter last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts forecast that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.

OFG Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, December 31st. OFG Bancorp’s payout ratio is presently 27.27%.

Insider Activity at OFG Bancorp

In related news, Director Jorge Colon sold 25,000 shares of OFG Bancorp stock in a transaction on Monday, November 10th. The stock was sold at an average price of $40.85, for a total value of $1,021,250.00. Following the transaction, the director owned 27,543 shares in the company, valued at approximately $1,125,131.55. This trade represents a 47.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jose Rafael Fernandez sold 25,232 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $40.95, for a total value of $1,033,250.40. Following the sale, the chief executive officer directly owned 184,675 shares of the company’s stock, valued at approximately $7,562,441.25. This trade represents a 12.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,500 shares of company stock worth $2,564,302. 3.11% of the stock is currently owned by company insiders.

Institutional Trading of OFG Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in OFG Bancorp by 11.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,682 shares of the bank’s stock valued at $233,000 after buying an additional 602 shares in the last quarter. Range Financial Group LLC raised its stake in shares of OFG Bancorp by 13.0% in the 4th quarter. Range Financial Group LLC now owns 50,351 shares of the bank’s stock valued at $2,063,000 after acquiring an additional 5,786 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of OFG Bancorp by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,899 shares of the bank’s stock valued at $693,000 after acquiring an additional 1,480 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of OFG Bancorp by 7.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 25,888 shares of the bank’s stock valued at $1,061,000 after acquiring an additional 1,716 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in OFG Bancorp by 26.1% during the 4th quarter. SG Americas Securities LLC now owns 33,265 shares of the bank’s stock worth $1,363,000 after purchasing an additional 6,888 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

More OFG Bancorp News

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

• Positive Sentiment: Q4 results beat expectations: OFG reported $1.27 EPS vs. $1.16 consensus and revenue slightly ahead of estimates; solid net margin and ROE underpin core profitability. Why OFG Bancorp (OFG) Shares Are Sliding Today
• Positive Sentiment: Street coverage notes the beat and confirms core performance — analysts and summaries highlight the company’s controlled expenses and return metrics as supportive fundamentals. OFG Bancorp beats fourth quarter earnings and revenue estimates
• Neutral Sentiment: Management issued guidance for low single-digit loan growth in 2026 and emphasized advancing its digital strategy — potentially positive long-term but implies slower near-term topline growth. OFG Bancorp outlines low single-digit loan growth for 2026 while advancing digital strategy
• Negative Sentiment: CEO commentary raised macro/policy concerns (warning on Fed independence), which can increase uncertainty for banks’ rate outlook and investors’ risk premium. OFG posts $4.58 EPS, CEO warns on Fed independence
• Negative Sentiment: Analyst reaction: Keefe, Bruyette & Woods reaffirmed “market perform” but cut the price target from $50 to $43 — a notable trim that likely pressured sentiment despite still implying some upside. Benzinga
• Negative Sentiment: Management discussion and call transcripts flag competitive pressures, loan mix shifts and investment in digital initiatives that could compress margins or slow growth near term. Investors appear to be re-pricing forward expectations. OFG Q4 deep dive: Digital strategy and loan mix shape guidance amid competitive pressures

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.