Tudor Investment Corp ET AL Has $7.47 Million Holdings in OFG Bancorp (NYSE:OFG)

Tudor Investment Corp ET AL boosted its holdings in OFG Bancorp (NYSE:OFG - Free Report) by 139.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,517 shares of the bank's stock after acquiring an additional 102,680 shares during the period. Tudor Investment Corp ET AL owned 0.38% of OFG Bancorp worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Oxford Asset Management LLP bought a new position in shares of OFG Bancorp in the fourth quarter valued at about $225,000. Hsbc Holdings PLC grew its stake in OFG Bancorp by 28.1% in the 4th quarter. Hsbc Holdings PLC now owns 15,358 shares of the bank's stock valued at $652,000 after buying an additional 3,365 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in OFG Bancorp by 1.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,041 shares of the bank's stock valued at $890,000 after acquiring an additional 369 shares during the period. MetLife Investment Management LLC lifted its position in OFG Bancorp by 5.1% during the fourth quarter. MetLife Investment Management LLC now owns 28,202 shares of the bank's stock worth $1,194,000 after acquiring an additional 1,368 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of OFG Bancorp during the fourth quarter worth approximately $1,363,000. Institutional investors and hedge funds own 92.73% of the company's stock.

OFG Bancorp Price Performance

NYSE OFG traded up $0.15 during midday trading on Monday, hitting $41.58. The company had a trading volume of 42,093 shares, compared to its average volume of 305,483. The firm has a 50-day moving average price of $38.78 and a 200-day moving average price of $41.51. The company has a market capitalization of $1.89 billion, a PE ratio of 9.86 and a beta of 0.73. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. OFG Bancorp has a twelve month low of $33.15 and a twelve month high of $47.66.

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

OFG Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 2.89%. OFG Bancorp's dividend payout ratio is 28.78%.

Analyst Upgrades and Downgrades

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