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.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, March 28th. OFG Bancorp’s dividend payout ratio (DPR) is 18.42%.

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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