OFG Bancorp (NYSE:OFG) Stock Holdings Raised by X Square Capital LLC

X Square Capital LLC grew its holdings in shares of OFG Bancorp (NYSE:OFG) by 0.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 143,039 shares of the bank’s stock after acquiring an additional 306 shares during the quarter. OFG Bancorp makes up 2.5% of X Square Capital LLC’s holdings, making the stock its 4th biggest holding. X Square Capital LLC’s holdings in OFG Bancorp were worth $6,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of OFG Bancorp by 48.9% during the 4th quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock worth $34,000 after purchasing an additional 263 shares during the period. Prudential Financial Inc. boosted its holdings in OFG Bancorp by 0.5% during the 4th quarter. Prudential Financial Inc. now owns 67,999 shares of the bank’s stock valued at $2,878,000 after acquiring an additional 370 shares during the period. XTX Topco Ltd increased its stake in OFG Bancorp by 5.2% in the third quarter. XTX Topco Ltd now owns 8,387 shares of the bank’s stock worth $377,000 after purchasing an additional 413 shares during the period. Martingale Asset Management L P lifted its position in shares of OFG Bancorp by 0.5% during the third quarter. Martingale Asset Management L P now owns 87,215 shares of the bank’s stock worth $3,918,000 after purchasing an additional 460 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of OFG Bancorp by 196.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the bank’s stock valued at $44,000 after purchasing an additional 680 shares during the period. Institutional investors own 92.73% of the company’s stock.

OFG Bancorp Price Performance

NYSE OFG opened at $40.99 on Friday. The company has a market cap of $1.86 billion, a PE ratio of 9.71 and a beta of 0.96. OFG Bancorp has a 52-week low of $33.19 and a 52-week high of $47.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.85. The firm’s 50 day moving average price is $42.00 and its 200-day moving average price is $42.76.

OFG Bancorp (NYSE:OFG) last released its quarterly 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 return on equity of 15.80% and a net margin of 22.71%. During the same period last year, the business posted $0.98 earnings per share. Sell-side analysts forecast that OFG Bancorp will post 4.18 EPS for the current fiscal year.

OFG Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.30 dividend. This is a boost from OFG Bancorp’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Monday, March 31st. OFG Bancorp’s dividend payout ratio (DPR) is currently 28.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of OFG Bancorp from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of OFG Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd.

OFG Bancorp 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.