Free Trial

Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 172,236 OFG Bancorp (NYSE:OFG)

OFG Bancorp logo with Finance background

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in OFG Bancorp (NYSE:OFG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 172,236 shares of the bank's stock, valued at approximately $7,289,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.38% of OFG Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of OFG Bancorp by 83.6% in the 3rd quarter. Barclays PLC now owns 96,045 shares of the bank's stock worth $4,314,000 after purchasing an additional 43,738 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of OFG Bancorp by 84.8% in the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the bank's stock valued at $93,000 after buying an additional 946 shares in the last quarter. KBC Group NV grew its holdings in shares of OFG Bancorp by 39.7% during the fourth quarter. KBC Group NV now owns 2,620 shares of the bank's stock valued at $111,000 after buying an additional 745 shares during the last quarter. R Squared Ltd bought a new stake in shares of OFG Bancorp during the fourth quarter worth about $44,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of OFG Bancorp by 17.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,701 shares of the bank's stock worth $1,456,000 after acquiring an additional 5,041 shares during the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on OFG Bancorp

OFG Bancorp Stock Performance

OFG stock traded down $0.17 during midday trading on Wednesday, hitting $41.26. The company's stock had a trading volume of 170,700 shares, compared to its average volume of 310,576. The stock's 50-day moving average price is $39.24 and its 200 day moving average price is $41.49. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 9.78 and a beta of 0.75. OFG Bancorp has a 1 year low of $33.15 and a 1 year high of $47.66.

OFG Bancorp (NYSE:OFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $1.00 earnings per share (EPS) 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 the consensus estimate 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 firm posted $1.05 earnings per share. On average, equities analysts forecast that OFG Bancorp will post 4.18 EPS for the current year.

OFG Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. OFG Bancorp's dividend payout ratio (DPR) is presently 28.78%.

Insider Buying and Selling

In other news, CFO Maritza Arizmendi sold 5,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $41.44, for a total transaction of $207,200.00. Following the completion of the sale, the chief financial officer now owns 63,470 shares of the company's stock, valued at approximately $2,630,196.80. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.11% of the stock is currently owned by corporate insiders.

OFG Bancorp Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for OFG Bancorp (NYSE:OFG)

Should You Invest $1,000 in OFG Bancorp Right Now?

Before you consider OFG Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OFG Bancorp wasn't on the list.

While OFG Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA
This Unique Robotaxi Play Could Deliver 10X Returns

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines