6 days Ago By ABMN Staff
Geode Capital Management LLC lowered its stake in shares of OFG Bancorp ( NYSE:OFG – Free Report ) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,071,837 shares of the bank’s stock after selling 9,100 shares during the period.
Geode Capital Management LLC owned 2.34% of OFG Bancorp worth $45,371,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in OFG.
State Street Corp lifted its stake in shares of OFG Bancorp by 0.9% during the third quarter. State Street Corp now owns 2,177,560 shares of the bank’s stock valued at $98,354,000 after buying an additional 19,372 shares during the period.
Charles Schwab Investment Management Inc. boosted its holdings in shares of OFG Bancorp by 0.9% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,652,224 shares of the bank’s stock worth $69,922,000 after purchasing an additional 14,618 shares during the last quarter. KBC Group NV grew its position in shares of OFG Bancorp by 39.
7% in the fourth quarter. KBC Group NV now owns 2,620 shares of the bank’s stock valued at $111,000 after purchasing an additional 745 shares during the period. GAMMA Investing LLC lifted its position in OFG Bancorp by 48.
9% during the fourth quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock worth $34,000 after buying an additional 263 shares during the period. Finally, Barclays PLC boosted its stake in OFG Bancorp by 83.
6% in the 3rd quarter. Barclays PLC now owns 96,045 shares of the bank’s stock worth $4,314,000 after buying an additional 43,738 shares during the last quarter. Institutional investors and hedge funds own 92.
73% of the company’s stock. OFG Bancorp Price Performance OFG opened at $35.09 on Tuesday.
The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 0.
26. The company has a fifty day simple moving average of $40.14 and a 200 day simple moving average of $42.
04. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 8.
32 and a beta of 0.74. OFG Bancorp has a twelve month low of $33.
15 and a twelve month high of $47.66. OFG Bancorp Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Shareholders of record on Monday, March 31st will be paid a dividend of $0.30 per share. This is a positive change from OFG Bancorp’s previous quarterly dividend of $0.
25. The ex-dividend date is Monday, March 31st. This represents a $1.
20 annualized dividend and a yield of 3.42%. OFG Bancorp’s payout ratio is presently 28.
44%. Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company downgraded shares of OFG Bancorp from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.
00 to $42.00 in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their target price on OFG Bancorp from $53.
00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. View Our Latest Analysis on OFG Bancorp OFG Bancorp Profile ( Free Report ) OFG Bancorp, a financial holding company, provides a range of banking and financial services.
It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. Read More Receive News & Ratings for OFG Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFG Bancorp and related companies with MarketBeat.
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