Keefe, Bruyette & Woods Reaffirms “Market Perform” Rating for OFG Bancorp (NYSE:OFG)

OFG Bancorp (NYSE:OFG)‘s stock had its “market perform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research report issued on Friday,Benzinga reports. They currently have a $43.00 price target on the bank’s stock, down from their prior price target of $50.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 10.26% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Research raised OFG Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Piper Sandler assumed coverage on OFG Bancorp in a report on Thursday, January 15th. They issued a “neutral” rating and a $45.00 price target on the stock. Wells Fargo & Company dropped their target price on OFG Bancorp from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, October 27th. Truist Financial lowered their price objective on OFG Bancorp from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OFG Bancorp in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.

OFG Bancorp Stock Down 8.4%

OFG stock opened at $39.00 on Friday. The stock has a market capitalization of $1.71 billion, a PE ratio of 8.86 and a beta of 0.77. The company has a fifty day moving average of $41.06 and a 200-day moving average of $42.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 0.85. OFG Bancorp has a one year low of $33.15 and a one year high of $46.11.

OFG Bancorp (NYSE:OFG) last announced its earnings results on Thursday, January 22nd. The bank reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.11. The firm had revenue of $185.37 million for the quarter, compared to analysts’ expectations of $184.17 million. OFG Bancorp had a return on equity of 15.18% and a net margin of 22.26%.OFG Bancorp’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. As a group, analysts expect that OFG Bancorp will post 4.18 EPS for the current year.

Insider Activity at OFG Bancorp

In other news, insider Cesar A. Ortiz sold 5,500 shares of OFG Bancorp stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $42.17, for a total value of $231,935.00. Following the completion of the transaction, the insider owned 351 shares in the company, valued at $14,801.67. This trade represents a 94.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge Colon sold 25,000 shares of OFG Bancorp stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $40.85, for a total value of $1,021,250.00. Following the completion of the transaction, the director owned 27,543 shares in the company, valued at approximately $1,125,131.55. This represents a 47.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,500 shares of company stock worth $2,564,302. Insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On OFG Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in shares of OFG Bancorp by 22.0% in the 2nd quarter. Federated Hermes Inc. now owns 177,873 shares of the bank’s stock worth $7,613,000 after acquiring an additional 32,113 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in OFG Bancorp by 5.0% during the second quarter. State of Alaska Department of Revenue now owns 26,707 shares of the bank’s stock valued at $1,142,000 after buying an additional 1,275 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of OFG Bancorp in the 2nd quarter valued at about $218,000. Versor Investments LP acquired a new position in OFG Bancorp in the second quarter worth approximately $1,122,000. Finally, Hsbc Holdings PLC raised its stake in shares of OFG Bancorp by 122.3% in the 2nd quarter. Hsbc Holdings PLC now owns 60,193 shares of the bank’s stock valued at $2,594,000 after acquiring an additional 33,110 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Key OFG Bancorp News

Here are the key news stories impacting OFG Bancorp this week:

• Positive Sentiment: Q4 beats — OFG reported $1.27 EPS vs. $1.16 expected and revenue of $185.37M (slightly above estimates); profitability metrics (net margin ~22% and ROE ~15%) and modest YoY revenue growth support earnings strength. MarketBeat Q4 Coverage
• Positive Sentiment: Full-year results / core performance — Management reported roughly $4.58 in EPS for the year and highlighted solid core performance, which underpins valuation (OFG trades at a low-teens P/E on trailing results). NewsIsMyBusiness: Full-year EPS
• Neutral Sentiment: Guidance is conservative — Management laid out a 2026 plan calling for low single-digit loan growth while investing in a digital strategy; that trades off near-term revenue expansion for longer-term efficiency and growth potential. MSN: 2026 Loan Growth & Digital Strategy
• Neutral Sentiment: Call detail and metrics available — The earnings call transcript and analyst write-ups provide color on NIM, expense outlook, credit quality and capital return priorities; useful for assessing whether the conservative loan-growth guidance is likely temporary. Seeking Alpha: Q4 2025 Transcript
• Negative Sentiment: CEO commentary on Fed independence raised geopolitical/policy uncertainty — Management warned about risks tied to central-bank independence, which can spook investors worried about future rate policy and margin pressure. NewsIsMyBusiness: CEO Warns on Fed Independence
• Negative Sentiment: Market reaction: shares slid despite the beat — Some coverage notes OFG sank after the print, suggesting investors are more focused on the conservative 2026 loan-growth guide and commentary than the quarter’s upside. BayStreet: OFG Sinks on Q4

About OFG Bancorp

OFG Bancorp, through its principal subsidiary Oriental Bank, is a financial holding company headquartered in San Juan, Puerto Rico. The company provides a wide range of banking services, including commercial and consumer deposit accounts, small business loans, corporate lending, treasury management, and cash management solutions. Its consumer offerings encompass personal checking and savings accounts, credit cards, and electronic banking platforms designed to serve retail customers across its markets.

In addition to traditional banking products, OFG Bancorp offers mortgage origination and servicing, as well as wealth management and trust services for high‐net‐worth individuals and institutional clients.