OFG Bancorp’s (OFG) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of OFG Bancorp (NYSE:OFG) in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has a $43.00 price target on the bank’s stock, down from their prior price target of $50.00.

A number of other brokerages also recently commented on OFG. Truist Financial lowered their price objective on OFG Bancorp from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Zacks Research upgraded OFG Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Piper Sandler started coverage on shares of OFG Bancorp in a report on Thursday, January 15th. They set a “neutral” rating and a $45.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of OFG Bancorp in a report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price target on shares of OFG Bancorp from $48.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.50.

OFG Bancorp Stock Performance

Shares of NYSE OFG opened at $37.15 on Friday. The company has a market cap of $1.63 billion, a PE ratio of 8.11 and a beta of 0.77. OFG Bancorp has a 12 month low of $33.15 and a 12 month high of $46.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.87 and a quick ratio of 0.85. The company has a 50-day simple moving average of $40.99 and a 200-day simple moving average of $42.14.

OFG Bancorp (NYSE:OFG) last announced its 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. The firm had revenue of $185.37 million for 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%. OFG Bancorp’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. On average, equities analysts anticipate that OFG Bancorp will post 4.18 earnings per share for the current year.

OFG Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. OFG Bancorp’s dividend payout ratio is presently 26.20%.

Insider Buying and Selling at OFG Bancorp

In other OFG Bancorp news, CEO Jose Rafael Fernandez sold 25,232 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $40.95, for a total transaction of $1,033,250.40. Following the transaction, the chief executive officer owned 184,675 shares in the company, valued at $7,562,441.25. The trade was a 12.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cesar A. Ortiz sold 5,500 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $42.17, for a total value of $231,935.00. Following the completion of the sale, the insider directly owned 351 shares of the company’s stock, valued at $14,801.67. The trade was a 94.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,500 shares of company stock worth $2,564,302. 2.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OFG Bancorp

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in OFG Bancorp during the 3rd quarter worth approximately $35,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of OFG Bancorp during the third quarter worth $53,000. EverSource Wealth Advisors LLC lifted its position in shares of OFG Bancorp by 250.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after purchasing an additional 1,095 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in OFG Bancorp during the 2nd quarter valued at $97,000. Finally, Quantbot Technologies LP acquired a new stake in OFG Bancorp during the 2nd quarter valued at $162,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

More OFG Bancorp News

Here are the key news stories impacting OFG Bancorp this week:

• Positive Sentiment: Q4 results beat expectations: OFG reported $1.27 EPS vs. $1.16 consensus and revenue slightly ahead of estimates; solid net margin and ROE underpin core profitability. Why OFG Bancorp (OFG) Shares Are Sliding Today
• Positive Sentiment: Street coverage notes the beat and confirms core performance — analysts and summaries highlight the company’s controlled expenses and return metrics as supportive fundamentals. OFG Bancorp beats fourth quarter earnings and revenue estimates
• Neutral Sentiment: Management issued guidance for low single-digit loan growth in 2026 and emphasized advancing its digital strategy — potentially positive long-term but implies slower near-term topline growth. OFG Bancorp outlines low single-digit loan growth for 2026 while advancing digital strategy
• Negative Sentiment: CEO commentary raised macro/policy concerns (warning on Fed independence), which can increase uncertainty for banks’ rate outlook and investors’ risk premium. OFG posts $4.58 EPS, CEO warns on Fed independence
• Negative Sentiment: Analyst reaction: Keefe, Bruyette & Woods reaffirmed “market perform” but cut the price target from $50 to $43 — a notable trim that likely pressured sentiment despite still implying some upside. Benzinga
• Negative Sentiment: Management discussion and call transcripts flag competitive pressures, loan mix shifts and investment in digital initiatives that could compress margins or slow growth near term. Investors appear to be re-pricing forward expectations. OFG Q4 deep dive: Digital strategy and loan mix shape guidance amid competitive pressures

OFG Bancorp Company Profile

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.