OFG Bancorp (NYSE:OFG) Position Raised by Amundi

Amundi boosted its position in OFG Bancorp (NYSE:OFG - Free Report) by 186.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,479 shares of the bank's stock after buying an additional 15,282 shares during the quarter. Amundi owned 0.05% of OFG Bancorp worth $987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OFG. GAMMA Investing LLC increased its position in shares of OFG Bancorp by 48.9% during the fourth quarter. GAMMA Investing LLC now owns 801 shares of the bank's stock worth $34,000 after acquiring an additional 263 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in OFG Bancorp by 196.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the bank's stock worth $44,000 after purchasing an additional 680 shares during the last quarter. R Squared Ltd purchased a new stake in OFG Bancorp during the 4th quarter worth approximately $44,000. Blue Trust Inc. raised its position in shares of OFG Bancorp by 84.8% in the 4th quarter. Blue Trust Inc. now owns 2,061 shares of the bank's stock valued at $93,000 after purchasing an additional 946 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of OFG Bancorp by 736.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,385 shares of the bank's stock valued at $101,000 after buying an additional 2,100 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

OFG Bancorp Stock Performance

Shares of NYSE OFG traded up $0.03 during trading on Friday, reaching $40.25. The stock had a trading volume of 4,155,934 shares, compared to its average volume of 267,177. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.85. The stock has a market cap of $1.83 billion, a PE ratio of 9.54 and a beta of 0.96. OFG Bancorp has a one year low of $33.19 and a one year high of $47.66. The firm's 50 day moving average price is $42.12 and its two-hundred day moving average price is $42.84.

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OFG Bancorp (NYSE:OFG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The bank reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.12. OFG Bancorp had a net margin of 22.71% and a return on equity of 15.80%. During the same quarter last year, the business earned $0.98 earnings per share. On average, research analysts forecast that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.

OFG Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.30 per share. This is a positive change from OFG Bancorp's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 2.98%. OFG Bancorp's dividend payout ratio is 28.44%.

Analyst Upgrades and Downgrades

OFG has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of OFG Bancorp from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of OFG Bancorp from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd.

OFG Bancorp Profile

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.