OFG Bancorp Sees Unusually High Options Volume (OFG)
OFG Bancorp (NYSE:OFG) saw some unusual options trading on Thursday. Stock traders bought 2,398 call options on the company. This represents an increase of 4,512% compared to the typical volume of 52 call options.
OFG Bancorp stock opened at $19.72 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 12.97 and a beta of 1.49. OFG Bancorp has a 52 week low of $11.61 and a 52 week high of $21.64. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.
OFG Bancorp (NYSE:OFG) last posted its earnings results on Thursday, April 18th. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. OFG Bancorp had a return on equity of 10.38% and a net margin of 19.16%. Research analysts anticipate that OFG Bancorp will post 1.68 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut OFG Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine upgraded OFG Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.
A number of institutional investors have recently bought and sold shares of the stock. QS Investors LLC grew its holdings in OFG Bancorp by 0.4% during the fourth quarter. QS Investors LLC now owns 145,766 shares of the bank’s stock worth $2,400,000 after acquiring an additional 600 shares during the period. Miles Capital Inc. grew its holdings in OFG Bancorp by 5.2% in the fourth quarter. Miles Capital Inc. now owns 13,141 shares of the bank’s stock valued at $216,000 after purchasing an additional 644 shares during the period. Thrivent Financial for Lutherans grew its holdings in OFG Bancorp by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,461 shares of the bank’s stock valued at $518,000 after purchasing an additional 691 shares during the period. Neuburgh Advisers LLC grew its holdings in OFG Bancorp by 15.6% in the fourth quarter. Neuburgh Advisers LLC now owns 5,328 shares of the bank’s stock valued at $88,000 after purchasing an additional 720 shares during the period. Finally, Texas Permanent School Fund grew its holdings in OFG Bancorp by 3.1% in the fourth quarter. Texas Permanent School Fund now owns 28,531 shares of the bank’s stock valued at $470,000 after purchasing an additional 857 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
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About OFG Bancorp
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; and financial planning, investment brokerage, corporate and individual trust, and retirement services.
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