Smartleaf Asset Management LLC Has $44,000 Stock Position in OFG Bancorp (NYSE:OFG)

Smartleaf Asset Management LLC boosted its holdings in shares of OFG Bancorp (NYSE:OFG) by 196.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,026 shares of the bank’s stock after buying an additional 680 shares during the period. Smartleaf Asset Management LLC’s holdings in OFG Bancorp were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of OFG Bancorp by 48.9% in the 4th quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock valued at $34,000 after purchasing an additional 263 shares during the period. R Squared Ltd acquired a new position in OFG Bancorp in the 4th quarter valued at approximately $44,000. Farther Finance Advisors LLC increased its stake in OFG Bancorp by 4,014.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,975 shares of the bank’s stock valued at $89,000 after buying an additional 1,927 shares during the period. Blue Trust Inc. increased its stake in shares of OFG Bancorp by 84.8% in the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the bank’s stock worth $93,000 after acquiring an additional 946 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of OFG Bancorp by 736.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,385 shares of the bank’s stock worth $101,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

OFG Bancorp Stock Performance

Shares of OFG opened at $38.86 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 9.21 and a beta of 0.96. OFG Bancorp has a 12 month low of $33.19 and a 12 month high of $47.66. The company’s fifty day moving average is $42.37 and its 200-day moving average is $43.12.

OFG Bancorp (NYSE:OFG) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.09 EPS for the quarter, topping the consensus estimate of $0.97 by $0.12. OFG Bancorp had a net margin of 22.71% and a return on equity of 15.80%. During the same quarter in the prior year, the business earned $0.98 EPS. Equities analysts expect that OFG Bancorp will post 4.18 EPS for the current fiscal year.

OFG Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, March 31st. This is an increase from OFG Bancorp’s previous quarterly dividend of $0.25. OFG Bancorp’s dividend payout ratio (DPR) is 28.44%.

Analyst Upgrades and Downgrades

OFG has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of OFG Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on OFG Bancorp from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd.

OFG Bancorp Company Profile

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.