Centiva Capital LP Has $303,000 Holdings in OFG Bancorp (NYSE:OFG)

Centiva Capital LP trimmed its holdings in OFG Bancorp (NYSE:OFG - Free Report) by 51.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,149 shares of the bank's stock after selling 7,443 shares during the period. Centiva Capital LP's holdings in OFG Bancorp were worth $303,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of OFG Bancorp by 48.9% during the 4th quarter. GAMMA Investing LLC now owns 801 shares of the bank's stock worth $34,000 after acquiring an additional 263 shares during the period. R Squared Ltd bought a new position in shares of OFG Bancorp during the 4th quarter worth about $44,000. Smartleaf Asset Management LLC lifted 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 acquiring an additional 680 shares during the period. Meeder Asset Management Inc. bought a new position in shares of OFG Bancorp during the 4th quarter worth about $44,000. Finally, Blue Trust Inc. increased its position in shares of 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 owned by institutional investors.

OFG Bancorp Trading Down 0.8%

Shares of NYSE OFG traded down $0.33 during mid-day trading on Friday, hitting $42.52. The company's stock had a trading volume of 252,029 shares, compared to its average volume of 310,200. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.08 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.86. OFG Bancorp has a one year low of $33.15 and a one year high of $47.66. The company's fifty day simple moving average is $38.96 and its 200-day simple moving average is $41.64.

OFG Bancorp (NYSE:OFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $175.35 million. OFG Bancorp had a net margin of 22.71% and a return on equity of 15.80%. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, sell-side analysts anticipate that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.

OFG Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 2.82%. OFG Bancorp's dividend payout ratio (DPR) is currently 28.78%.

Insiders Place Their Bets

In other OFG Bancorp news, CFO Maritza Arizmendi sold 5,000 shares of OFG Bancorp stock in a transaction on Monday, May 5th. The shares were sold at an average price of $41.44, for a total transaction of $207,200.00. Following the completion of the transaction, the chief financial officer now directly owns 63,470 shares of the company's stock, valued at $2,630,196.80. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of OFG Bancorp from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered 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 report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of OFG Bancorp from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Hovde Group reduced their target price on shares of OFG Bancorp from $53.50 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.

OFG Bancorp Company 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.