OFG Bancorp (OFG)

• Market cap: $1.92B
• 1 day: 1.98%
• 5 days: -4.48%
• 1 month: -3.75%
• 3 months: -6.42%
• 6 months: 13.52%
• Year to date: 13.28%
• 1 year: 12.73%
• 5 years: 79.29%
• 10 years: 154.47%
• Sector: Financials
• Industry: State Commercial Banks

About: OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Employees: 2,236

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,700% more call options, than puts

Call options by funds: $72K | Put options by funds: $4K

186% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 14

17% more capital invested

Capital invested by funds: $1.66B [Q2] → $1.94B (+$281M) [Q3]

12% more funds holding

Funds holding: 226 [Q2] → 252 (+26) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 84

1.43% less ownership

Funds ownership: 94.15% [Q2] → 92.72% (-1.43%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 12% upside
• Avg. target: $50 19% upside
• High target: $53 27% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Keefe, Bruyette & Woods Kelly Motta 55% 1-year accuracy 11 / 20 met price target	27% upside $53	Outperform Maintained	4 Dec 2024
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target	17% upside $49	Overweight Maintained	3 Dec 2024
Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target	12% upside $47	Overweight Maintained	17 Oct 2024