OFG Bancorp (NYSE:OFG) COO Ganesh Kumar Buys 4,271 Shares

OFG Bancorp (NYSE:OFG) COO Ganesh Kumar bought 4,271 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of $13.23 per share, for a total transaction of $56,505.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ganesh Kumar also recently made the following trade(s):

  • On Thursday, August 6th, Ganesh Kumar bought 5,825 shares of OFG Bancorp stock. The shares were bought at an average price of $13.09 per share, for a total transaction of $76,249.25.

Shares of NYSE:OFG traded down $0.09 during trading on Wednesday, hitting $12.82. The company’s stock had a trading volume of 519 shares, compared to its average volume of 386,277. The company has a 50-day moving average of $13.27 and a 200-day moving average of $12.74. OFG Bancorp has a 12 month low of $8.63 and a 12 month high of $23.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $662.83 million, a price-to-earnings ratio of 28.07 and a beta of 1.67.

OFG Bancorp (NYSE:OFG) last released its earnings results on Friday, July 24th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. OFG Bancorp had a net margin of 5.71% and a return on equity of 6.32%. The company had revenue of $128.17 million for the quarter, compared to analysts’ expectations of $128.60 million. As a group, research analysts anticipate that OFG Bancorp will post 1.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, September 29th. OFG Bancorp’s payout ratio is 17.28%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its stake in OFG Bancorp by 2.9% during the 2nd quarter. American International Group Inc. now owns 35,873 shares of the bank’s stock worth $480,000 after acquiring an additional 1,009 shares during the period. Congress Asset Management Co. MA grew its holdings in OFG Bancorp by 2.2% during the 2nd quarter. Congress Asset Management Co. MA now owns 55,400 shares of the bank’s stock valued at $741,000 after buying an additional 1,215 shares in the last quarter. Legal & General Group Plc grew its holdings in OFG Bancorp by 1.0% during the 1st quarter. Legal & General Group Plc now owns 129,026 shares of the bank’s stock valued at $1,443,000 after buying an additional 1,247 shares in the last quarter. Swiss National Bank grew its holdings in OFG Bancorp by 1.4% during the 1st quarter. Swiss National Bank now owns 99,600 shares of the bank’s stock valued at $1,114,000 after buying an additional 1,400 shares in the last quarter. Finally, Stone Ridge Asset Management LLC grew its holdings in OFG Bancorp by 8.6% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 17,764 shares of the bank’s stock valued at $238,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of OFG Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, July 7th.

OFG Bancorp Company Profile

OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust, and retirement services.

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Insider Buying and Selling by Quarter for OFG Bancorp (NYSE:OFG)

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