OFG Bancorp Director Makes Bold Move With Fresh Insider Stock Purchase
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OFG Bancorp's Director Franqui Annette purchased 1,540 shares worth $64,772, indicating confidence in the bank's future. Despite recent strong results, analysts have lowered long-term expectations due to management's guidance for 2026, citing lower net interest margins and slower loan growth. OFG's stock sentiment is supported by a $200 million buyback authorization and positive earnings call. Spark's AI Analyst rates OFG as an Outperform, highlighting strong financial performance but noting near-term technical challenges. Current market cap stands at $1.85B with a YTD price performance of 2.81%.
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