--- title: "OFG Bancorp (NYSE:OFG) Short Interest Update" type: "News" locale: "en" url: "https://longbridge.com/en/news/274550490.md" description: "OFG Bancorp (NYSE:OFG) experienced a significant decrease in short interest in January, with a total of 824,167 shares shorted, down 17.1% from December. The days-to-cover ratio is currently 4.4 days, with 1.9% of shares sold short. Analysts have mixed ratings, with price targets ranging from $43.00 to $50.00. Recent insider sales indicate a decrease in ownership, while institutional investors hold 92.73% of the stock. OFG's stock rose 1.2% to $40.80 during recent trading." datetime: "2026-02-02T18:25:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274550490.md) - [en](https://longbridge.com/en/news/274550490.md) - [zh-HK](https://longbridge.com/zh-HK/news/274550490.md) --- # OFG Bancorp (NYSE:OFG) Short Interest Update OFG Bancorp (NYSE:OFG - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 824,167 shares, a decline of 17.1% from the December 31st total of 993,713 shares. Approximately 1.9% of the company's shares are sold short. Based on an average daily volume of 189,384 shares, the short-interest ratio is currently 4.4 days. Based on an average daily volume of 189,384 shares, the short-interest ratio is currently 4.4 days. Approximately 1.9% of the company's shares are sold short. ## Analyst Upgrades and Downgrades OFG has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on OFG Bancorp from $48.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, October 27th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $43.00 target price (down from $50.00) on shares of OFG Bancorp in a research report on Friday, January 23rd. UBS Group set a $50.00 price objective on OFG Bancorp in a research note on Thursday, October 9th. Weiss Ratings restated a "buy (b-)" rating on shares of OFG Bancorp in a research note on Monday, December 29th. Finally, Zacks Research upgraded OFG Bancorp from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $45.83. **Check Out Our Latest Stock Report on OFG Bancorp** ## Insiders Place Their Bets In related news, insider Cesar A. Ortiz sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $42.17, for a total value of $231,935.00. Following the sale, the insider directly owned 351 shares of the company's stock, valued at approximately $14,801.67. This trade represents a 94.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jesus Nestor De sold 2,000 shares of the company's stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $42.31, for a total transaction of $84,620.00. Following the transaction, the director directly owned 22,690 shares of the company's stock, valued at $960,013.90. This trade represents a 8.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 62,500 shares of company stock valued at $2,564,302. 2.16% of the stock is owned by company insiders. ## Institutional Trading of OFG Bancorp Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in shares of OFG Bancorp by 22.0% during the 2nd quarter. Federated Hermes Inc. now owns 177,873 shares of the bank's stock valued at $7,613,000 after purchasing an additional 32,113 shares during the last quarter. State of Alaska Department of Revenue grew its position 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 acquiring an additional 1,275 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of OFG Bancorp during the second quarter worth approximately $218,000. Hsbc Holdings PLC lifted its holdings 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 worth $2,594,000 after acquiring an additional 33,110 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of OFG Bancorp in the 2nd quarter worth approximately $1,122,000. 92.73% of the stock is currently owned by institutional investors and hedge funds. ## OFG Bancorp Trading Up 1.2% OFG traded up $0.50 during trading on Monday, reaching $40.80. The company had a trading volume of 102,871 shares, compared to its average volume of 311,812. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 0.87. OFG Bancorp has a 12-month low of $33.15 and a 12-month high of $46.11. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 8.91 and a beta of 0.75. The firm's 50-day simple moving average is $40.89 and its 200 day simple moving average is $41.94. OFG Bancorp (NYSE:OFG - Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.11. The firm had revenue of $185.37 million during the quarter, compared to analyst estimates of $184.17 million. OFG Bancorp had a net margin of 22.72% and a return on equity of 15.21%. The company's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts anticipate that OFG Bancorp will post 4.18 earnings per share for the current year. OFG Bancorp announced that its Board of Directors has authorized a share buyback program on Wednesday, January 28th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the bank to repurchase up to 12% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued. ## OFG Bancorp Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.35 dividend. This is an increase from OFG Bancorp's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 31st. OFG Bancorp's payout ratio is presently 26.20%. ## OFG Bancorp Company Profile (Get Free Report) 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. ## Further Reading - Five stocks we like better than OFG Bancorp - Forget AI, This Will Be the Next Big Tech Breakthrough - Bombshell Exposé on China Strikes - Refund From 1933: Trump’s Reset May Create Instant Wealth - Buy this Gold Stock Before May 2026 - Trump just signed it _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in OFG Bancorp Right Now? Before you consider OFG Bancorp, you'll want to hear this. 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