Barrow Hanley Mewhinney & Strauss LLC Has $64.74 Million Stock Holdings in OFG Bancorp (NYSE:OFG)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in OFG Bancorp (NYSE:OFG - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,529,727 shares of the bank's stock after selling 61,784 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 3.33% of OFG Bancorp worth $64,738,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of OFG. GAMMA Investing LLC grew its stake in shares of OFG Bancorp by 48.9% in 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. R Squared Ltd bought a new stake in shares of OFG Bancorp in the 4th quarter worth approximately $44,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. Blue Trust Inc. increased its position in shares of OFG Bancorp by 84.8% during the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the bank's stock valued at $93,000 after purchasing an additional 946 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of OFG Bancorp by 736.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,385 shares of the bank's stock valued at $101,000 after purchasing an additional 2,100 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

OFG Bancorp Price Performance

OFG stock traded down $2.65 during midday trading on Thursday, reaching $37.49. 73,063 shares of the company's stock traded hands, compared to its average volume of 288,935. The company has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $42.67. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. OFG Bancorp has a 1-year low of $33.19 and a 1-year high of $47.66. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 8.88 and a beta of 0.96.

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OFG Bancorp (NYSE:OFG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.09 EPS for the quarter, topping analysts' consensus estimates 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 company posted $0.98 EPS. On average, analysts anticipate that OFG Bancorp will post 4.18 earnings per share for the current year.

OFG Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from OFG Bancorp's previous quarterly dividend of $0.25. OFG Bancorp's dividend payout ratio is 28.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OFG shares. Wells Fargo & Company boosted their price target on shares of OFG Bancorp from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on OFG Bancorp from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd.

About OFG Bancorp

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.