OFG Bancorp (NYSE:OFG) traded down 2.5% during mid-day trading on Friday . The stock traded as low as $10.46 and last traded at $10.50, with a volume of 60,378 shares changing hands. The stock had previously closed at $10.77.

OFG has been the subject of several research reports. Merion Capital Group upped their price target on shares of OFG Bancorp from $6.75 to $9.75 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Zacks Investment Research raised shares of OFG Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of OFG Bancorp from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $9.50 price target (up previously from $7.50) on shares of OFG Bancorp in a research report on Tuesday, April 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.85.

The stock has a market capitalization of $465.48 million and a P/E ratio of 25.48. The company’s 50 day moving average price is $9.61 and its 200-day moving average price is $7.85.

OFG Bancorp (NYSE:OFG) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. During the same quarter last year, the firm earned ($0.15) EPS. Equities analysts forecast that OFG Bancorp will post $0.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, June 28th.

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services.

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