Boston Advisors LLC boosted its holdings in shares of OFG Bancorp (NYSE:OFG) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,580 shares of the bank’s stock after purchasing an additional 14,458 shares during the period. Boston Advisors LLC owned about 0.31% of OFG Bancorp worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of OFG. Point72 Asset Management L.P. purchased a new stake in shares of OFG Bancorp in the 2nd quarter valued at approximately $1,968,000. Nuveen Asset Management LLC purchased a new stake in shares of OFG Bancorp in the 2nd quarter valued at approximately $35,844,000. SG Americas Securities LLC lifted its holdings in shares of OFG Bancorp by 49.4% in the 2nd quarter. SG Americas Securities LLC now owns 42,594 shares of the bank’s stock worth $1,012,000 after acquiring an additional 14,091 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of OFG Bancorp by 165.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,444 shares of the bank’s stock worth $863,000 after acquiring an additional 24,603 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of OFG Bancorp by 8.8% in the 3rd quarter. New York State Teachers Retirement System now owns 34,485 shares of the bank’s stock worth $755,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 94.77% of the company’s stock.
In related news, Director Edwin Perez bought 40,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $20.21 per share, with a total value of $808,400.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $101,050. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.32% of the company’s stock.
OFG Bancorp stock traded up $0.11 during mid-day trading on Wednesday, reaching $21.02. 207,700 shares of the company’s stock were exchanged, compared to its average volume of 319,995. OFG Bancorp has a twelve month low of $14.96 and a twelve month high of $24.95. The company has a fifty day moving average of $21.37 and a 200-day moving average of $21.39. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.08 billion, a P/E ratio of 13.83 and a beta of 1.59.
OFG Bancorp (NYSE:OFG) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. OFG Bancorp had a net margin of 17.12% and a return on equity of 10.36%. The company had revenue of $102.89 million for the quarter, compared to the consensus estimate of $97.40 million. Equities research analysts expect that OFG Bancorp will post 1.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, December 30th. OFG Bancorp’s dividend payout ratio (DPR) is 18.42%.
Several brokerages have recently commented on OFG. Zacks Investment Research lowered shares of OFG Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. ValuEngine lowered shares of OFG Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.
OFG Bancorp Company Profile
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust, and retirement services.
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