ValuEngine lowered shares of OFG Bancorp (NYSE:OFG) from a buy rating to a hold rating in a report published on Friday.

A number of other equities analysts have also weighed in on OFG. Piper Jaffray Companies reiterated a hold rating and set a $12.50 price objective on shares of OFG Bancorp in a research note on Friday, July 21st. BidaskClub lowered OFG Bancorp from a sell rating to a strong sell rating in a research note on Wednesday, July 19th.

Shares of OFG Bancorp (NYSE:OFG) opened at 9.60 on Friday. The company has a market cap of $421.89 million, a price-to-earnings ratio of 8.70 and a beta of 1.50. The firm’s 50-day moving average price is $9.61 and its 200 day moving average price is $10.69. OFG Bancorp has a 12-month low of $8.70 and a 12-month high of $14.48.

OFG Bancorp (NYSE:OFG) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $100.45 million during the quarter, compared to analyst estimates of $90.95 million. OFG Bancorp had a return on equity of 8.36% and a net margin of 14.58%. During the same quarter last year, the business posted $0.25 EPS. On average, analysts predict that OFG Bancorp will post $1.12 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, September 28th. OFG Bancorp’s dividend payout ratio (DPR) is presently 22.02%.

Several large investors have recently bought and sold shares of the company. Arizona State Retirement System grew its position in shares of OFG Bancorp by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 22,944 shares of the bank’s stock valued at $229,000 after acquiring an additional 100 shares during the period. Neuberger Berman Group LLC grew its position in shares of OFG Bancorp by 0.9% during the 1st quarter. Neuberger Berman Group LLC now owns 13,470 shares of the bank’s stock valued at $159,000 after acquiring an additional 126 shares during the period. Louisiana State Employees Retirement System grew its position in shares of OFG Bancorp by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the bank’s stock valued at $211,000 after acquiring an additional 200 shares during the period. Texas Permanent School Fund grew its position in shares of OFG Bancorp by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 32,086 shares of the bank’s stock valued at $321,000 after acquiring an additional 291 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of OFG Bancorp by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 31,384 shares of the bank’s stock valued at $370,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 99.44% of the company’s stock.

OFG Bancorp Company Profile

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services.

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