<div id="readability-page-1"><p>OFG Bancorp (NYSE:OFG - Get Free Report) has been given an average recommendation of &#34;Hold&#34; by the seven analysts that are presently  covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to  the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.8333.</p><p>Several research analysts have commented on the stock. Piper Sandler started coverage on shares of OFG Bancorp in a report on Thursday, January 15th. They issued a &#34;neutral&#34; rating and a $45.00 price target for the company. Truist Financial dropped their price objective on OFG Bancorp from $48.00 to $44.00 and set a &#34;buy&#34; rating for the company in a research note on Monday, January 26th. Keefe, Bruyette &amp; Woods  restated a &#34;market perform&#34; 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 target on OFG Bancorp in a report on Thursday, October 9th. Finally, Wells Fargo &amp; Company dropped their price target on OFG Bancorp from $48.00 to $43.00 and set an &#34;equal weight&#34; rating for the company in a research report on Monday, October 27th.</p><p><b>Get Our Latest Stock Report on OFG</b></p><h2>OFG Bancorp Stock Down 1.1%</h2><p>Shares of NYSE OFG opened at $40.97 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.80 billion, a P/E ratio of 8.95 and a beta of 0.75. OFG Bancorp has a 52 week low of $33.15 and a 52 week high of $46.11. The business has a 50-day simple moving average of $40.96 and a two-hundred day simple moving average of $41.87. </p><p>OFG Bancorp (NYSE:OFG - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.11. OFG Bancorp had a net margin of 22.72% and a return on equity of 15.21%. The firm had revenue of $185.37 million for the quarter, compared to the consensus estimate of $184.17 million. During the same period in the prior year, the firm posted $1.09 earnings per share. The company's revenue for the quarter was up 1.9% on a year-over-year basis.  Research analysts anticipate that  OFG Bancorp will post 4.18 earnings per share for the current fiscal year. </p><h2>OFG Bancorp Increases Dividend</h2><p>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 paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 3.4%. This is a boost from OFG Bancorp's previous quarterly dividend of $0.30. OFG Bancorp's dividend payout ratio  is presently 26.20%. </p><p>OFG Bancorp declared that its board has approved a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $200.00 million in    shares. This repurchase authorization authorizes the bank to buy up to 12% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued. </p><h2>Insider Activity at OFG Bancorp</h2><p>In other news, CEO Jose Rafael Fernandez sold 25,232 shares of OFG Bancorp stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $40.95, for a total transaction of $1,033,250.40. Following the completion of the sale, the chief executive officer directly owned 184,675 shares of the company's stock, valued at approximately $7,562,441.25. The trade was a 12.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jorge Colon sold 25,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $40.85, for a total value of $1,021,250.00. Following the completion of the transaction, the director directly owned 27,543 shares in the company, valued at approximately $1,125,131.55. This represents a 47.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,500 shares of company stock worth $2,564,302. Corporate insiders own  3.11% of the company's stock. </p><h2>Hedge Funds Weigh In On OFG Bancorp</h2><p>A number of large investors have recently modified their holdings of OFG. Penn Capital Management Company LLC boosted its position in shares of  OFG Bancorp by 1.6% during the third quarter. Penn Capital Management Company LLC now owns 18,870 shares of the bank's stock valued at $821,000 after buying an additional 303 shares during the last quarter.  Police &amp; Firemen s Retirement System of New Jersey lifted its stake in  OFG Bancorp by 4.0% during the 2nd quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 10,219 shares of the bank's stock valued at $437,000 after acquiring an additional 396 shares during the period.  VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in  OFG Bancorp by 1.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 32,987 shares of the bank's stock valued at $1,435,000 after acquiring an additional 500 shares during the period.  California State Teachers Retirement System boosted its holdings in shares of  OFG Bancorp by 1.2% during the 2nd quarter. California State Teachers Retirement System now owns 42,955 shares of the bank's stock valued at $1,838,000 after acquiring an additional 506 shares during the last quarter.  Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of  OFG Bancorp by 5.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,531 shares of the bank's stock worth $494,000 after acquiring an additional 547 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors. </p><h2>About OFG Bancorp</h2> (Get 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>Featured Stories</h2><ul><li>Five stocks we like better than OFG Bancorp</li><li>The day the gold market broke</li><li>Buy this Gold Stock Before May 2026</li><li>Trump Planning to Use Public Law 63-43: Prepare Now</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li><li>What a Former CIA Agent Knows About the Coming Collapse</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9GRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.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>OFG Bancorp (NYSE:OFG) has received a consensus recommendation of "Hold" from seven analysts, with four rating it as hold and three as buy. The average target price is $45.83. The company recently reported quarterly earnings of $1.27 per share, exceeding estimates, and announced a dividend increase to $0.35 per share. Additionally, a share buyback program of $200 million has been approved. Insider selling activity has been noted, with CEO Jose Rafael Fernandez and Director Jorge Colon reducing their holdings.</p>

OFG Bancorp (NYSE:OFG) Receives Consensus Recommendation of "Hold" from Brokerages