<div id="readability-page-1"><p>Principal Financial Group Inc. decreased its position in shares of  OFG Bancorp (NYSE:OFG - Free Report) by 11.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor  owned 248,364 shares of the bank's stock after selling 30,742 shares during the quarter. Principal Financial Group Inc. owned approximately 0.56% of OFG Bancorp worth $10,801,000 at the end of the most recent quarter.</p><p>Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in  OFG Bancorp during the third quarter valued at about $53,000.  EverSource Wealth Advisors LLC raised its stake in  OFG Bancorp by 250.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank's stock valued at $66,000 after purchasing an additional 1,095 shares during the period.  Raymond James Financial Inc. purchased a new position in  OFG Bancorp in the 2nd quarter worth approximately $97,000.  Quantbot Technologies LP bought a new position in  OFG Bancorp in the 2nd quarter worth approximately $162,000.  Finally, Smith Shellnut Wilson LLC ADV bought a new position in  OFG Bancorp in the 2nd quarter worth approximately $209,000. Institutional investors own  92.73% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities analysts have recently commented on OFG shares. Weiss Ratings  reissued a &#34;buy (b-)&#34; rating on shares of OFG Bancorp in a report on Monday, December 29th. Keefe, Bruyette &amp; Woods  reiterated a &#34;market perform&#34; rating and issued a $43.00 price target (down from $50.00) on shares of OFG Bancorp in a report on Friday, January 23rd. Wells Fargo &amp; Company dropped their price objective on shares of OFG Bancorp from $48.00 to $43.00 and set an &#34;equal weight&#34; rating for the company in a report on Monday, October 27th. Piper Sandler started coverage on OFG Bancorp in a research report on Thursday, January 15th. They set a &#34;neutral&#34; rating and a $45.00 price objective for the company. Finally, Truist Financial reduced their target price on OFG Bancorp from $48.00 to $44.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and four have assigned  a Hold rating to the stock. According to data from MarketBeat, OFG Bancorp presently has an average rating of &#34;Hold&#34; and a consensus target price of $45.83.</p><p><b>Get Our Latest Stock Report on OFG</b></p><h2>Insiders Place Their Bets</h2><p>In other OFG Bancorp news, Director Jesus Nestor De sold 2,000 shares of the business's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $42.31, for a total transaction of $84,620.00. Following the transaction, the director owned 22,690 shares in the company, valued at $960,013.90. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cesar A. Ortiz sold 5,500 shares of the firm's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $42.17, for a total transaction of $231,935.00. Following the completion of the sale, the insider owned 351 shares of the company's stock, valued at $14,801.67. This trade represents a 94.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own  3.11% of the company's stock. </p><h2>OFG Bancorp Stock Up 0.5%</h2><p>Shares of NYSE:OFG opened at $42.05 on Thursday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 9.18 and a beta of 0.75. OFG Bancorp has a 12 month low of $33.15 and a 12 month high of $46.11. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $41.11 and a 200 day moving average price of $41.79. </p><p>OFG Bancorp (NYSE:OFG - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.11. The business had revenue of $185.37 million for the quarter, compared to the consensus estimate of $184.17 million. OFG Bancorp had a return on equity of 15.21% and a net margin of 22.72%.The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share.  As a group, equities research analysts predict that  OFG Bancorp will post 4.18 earnings per share for the current year. </p><h2>OFG Bancorp Increases Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from OFG Bancorp's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.3%. OFG Bancorp's payout ratio is presently 30.57%. </p><p>OFG Bancorp declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that allows the company to buyback $200.00 million in    shares. This buyback authorization allows the bank to reacquire up to 12% of its stock  through open market purchases. Stock  buyback plans are usually a sign that the company's board of directors believes its shares are undervalued. </p><h2>OFG Bancorp Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than OFG Bancorp</li><li>Is THIS the Next Big Money Rush?</li><li>Wall Street Legend Names #1 Stock of 2026 Live On-Camera</li><li>Trump’s Hand-Written Letter Will Shock his Haters</li><li>ISPC: From Small Cap to Life Sciences Market Disruptor!</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9GRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9GRw"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in OFG Bancorp Right Now?</h2><p>Before you consider OFG Bancorp, you'll want to hear this.</p><p>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.</p><p>While OFG Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Principal Financial Group Inc. reduced its stake in OFG Bancorp by 11.0% in Q3, owning 248,364 shares valued at $10.8 million. Other hedge funds also adjusted their positions. Analysts have mixed ratings on OFG Bancorp, with a consensus target price of $45.83. The stock opened at $42.05, with a market cap of $1.85 billion. OFG Bancorp reported Q4 earnings of $1.27 per share, exceeding estimates, with a revenue increase of 1.9% year-over-year.</p>

Principal Financial Group Inc. Trims Position in OFG Bancorp $OFG