ExodusPoint Capital Management LP Has $1.46 Million Stock Position in OFG Bancorp (NYSE:OFG)

ExodusPoint Capital Management LP raised its position in OFG Bancorp (NYSE:OFG - Free Report) by 87.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,441 shares of the bank's stock after purchasing an additional 16,085 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.08% of OFG Bancorp worth $1,458,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in OFG Bancorp by 48.9% during the fourth quarter. GAMMA Investing LLC now owns 801 shares of the bank's stock valued at $34,000 after buying an additional 263 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 buying an additional 680 shares during the period. R Squared Ltd acquired a new stake in shares of OFG Bancorp in the fourth quarter valued at about $44,000. Meeder Asset Management Inc. acquired a new position in shares of OFG Bancorp during the fourth quarter worth approximately $44,000. Finally, Blue Trust Inc. boosted its holdings in 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 during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

OFG Bancorp Trading Up 1.7 %

OFG stock traded up $0.59 during midday trading on Tuesday, reaching $35.69. The stock had a trading volume of 25,960 shares, compared to its average volume of 294,959. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 8.45 and a beta of 0.74. 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 twelve month low of $33.15 and a twelve month high of $47.66. The business has a fifty day simple moving average of $40.14 and a two-hundred day simple moving average of $42.04.

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OFG Bancorp (NYSE:OFG - Get Free Report) last announced 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 return on equity of 15.80% and a net margin of 22.71%. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, research analysts expect that OFG Bancorp will post 4.18 EPS for the current fiscal 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from OFG Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. OFG Bancorp's dividend payout ratio (DPR) is currently 28.44%.

Wall Street Analysts Forecast Growth

OFG has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on OFG Bancorp from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut shares of OFG Bancorp from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $48.00 to $42.00 in a research note on Wednesday, April 9th.

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.