Susquehanna Fundamental Investments LLC acquired a new position in shares of OFG Bancorp (NYSE:OFG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,247 shares of the bank’s stock, valued at approximately $410,000. Susquehanna Fundamental Investments LLC owned about 0.09% of OFG Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of OFG. Teacher Retirement System of Texas purchased a new stake in OFG Bancorp during the fourth quarter worth about $144,000. Citadel Advisors LLC increased its holdings in OFG Bancorp by 201.5% during the fourth quarter. Citadel Advisors LLC now owns 16,744 shares of the bank’s stock worth $157,000 after buying an additional 33,244 shares during the last quarter. Stevens Capital Management LP purchased a new stake in OFG Bancorp during the first quarter worth about $170,000. MetLife Investment Advisors LLC purchased a new stake in OFG Bancorp during the fourth quarter worth about $187,000. Finally, Crossmark Global Holdings Inc. increased its holdings in OFG Bancorp by 54.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 26,766 shares of the bank’s stock worth $252,000 after buying an additional 9,453 shares during the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.
OFG Bancorp opened at $14.45 on Tuesday, according to MarketBeat.com. The stock has a market capitalization of $630.65 million, a PE ratio of 10.55 and a beta of 1.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.87. OFG Bancorp has a twelve month low of $7.80 and a twelve month high of $14.95.
OFG Bancorp (NYSE:OFG) last posted its earnings results on Friday, April 20th. The bank reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The firm had revenue of $92.51 million during the quarter. OFG Bancorp had a net margin of 12.93% and a return on equity of 9.80%. equities research analysts anticipate that OFG Bancorp will post 1.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a $0.06 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. OFG Bancorp’s payout ratio is 18.05%.
In other OFG Bancorp news, Director Jorge Colon bought 10,000 shares of OFG Bancorp stock in a transaction dated Tuesday, May 29th. The stock was purchased at an average price of $13.97 per share, for a total transaction of $139,700.00. Following the completion of the purchase, the director now directly owns 20,150 shares of the company’s stock, valued at $281,495.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.39% of the stock is owned by company insiders.
A number of analysts recently issued reports on OFG shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $14.00 price objective on shares of OFG Bancorp in a report on Monday, April 23rd. ValuEngine upgraded shares of OFG Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $12.00 target price on shares of OFG Bancorp in a research note on Tuesday, February 27th. Finally, Zacks Investment Research upgraded shares of OFG Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $13.50.
About OFG Bancorp
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; and financial planning, investment brokerage, corporate and individual trust, and retirement services.
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