OFG Bancorp (NYSE:OFG) Stock Holdings Trimmed by LSV Asset Management

LSV Asset Management lessened its holdings in OFG Bancorp (NYSE:OFG - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,371,852 shares of the bank's stock after selling 67,200 shares during the period. LSV Asset Management owned approximately 2.99% of OFG Bancorp worth $58,057,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. 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 valued at $34,000 after buying an additional 263 shares in the last quarter. R Squared Ltd bought a new stake in OFG Bancorp during the fourth quarter worth about $44,000. Smartleaf Asset Management LLC lifted its stake in OFG Bancorp by 196.5% during the fourth 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. Meeder Asset Management Inc. bought a new position in OFG Bancorp in the fourth quarter valued at about $44,000. Finally, Blue Trust Inc. increased its position in OFG Bancorp by 84.8% during the 4th quarter. Blue Trust Inc. now owns 2,061 shares of the bank's stock worth $93,000 after purchasing an additional 946 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

OFG Bancorp Stock Up 0.9 %

Shares of NYSE:OFG traded up $0.33 on Tuesday, reaching $35.43. The company had a trading volume of 229,086 shares, compared to its average volume of 295,752. OFG Bancorp has a 52-week low of $33.15 and a 52-week high of $47.66. The firm's 50 day simple moving average is $40.14 and its 200-day simple moving average is $42.04. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.61 billion, a PE ratio of 8.40 and a beta of 0.74.

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OFG Bancorp (NYSE:OFG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.09 earnings per share (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 period in the prior year, the firm posted $0.98 earnings per share. As a group, analysts expect that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.

OFG Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from OFG Bancorp's previous quarterly dividend of $0.25. OFG Bancorp's dividend payout ratio is 28.44%.

Analysts Set New Price Targets

A number of research firms have commented on OFG. Keefe, Bruyette & Woods raised their price target on shares of OFG Bancorp from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Wells Fargo & Company cut OFG Bancorp from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company 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.