OFG Bancorp’s (OFG) Neutral Rating Reaffirmed at Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of OFG Bancorp (NYSE:OFG) in a report issued on Wednesday morning,Benzinga reports. They currently have a $48.00 price objective on the bank’s stock, up from their previous price objective of $43.00.

Several other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $43.00 target price (down from $50.00) on shares of OFG Bancorp in a research note on Friday, January 23rd. Zacks Research raised shares of OFG Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of OFG Bancorp in a research note on Monday, December 29th. Finally, Truist Financial boosted their target price on shares of OFG Bancorp from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.67.

OFG Bancorp Trading Up 2.3%

NYSE:OFG opened at $45.74 on Wednesday. The company has a market capitalization of $1.94 billion, a PE ratio of 9.45 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. OFG Bancorp has a 52-week low of $35.71 and a 52-week high of $46.85. The stock has a fifty day simple moving average of $41.10 and a 200-day simple moving average of $40.91.

OFG Bancorp (NYSE:OFG) last announced its earnings results on Tuesday, April 21st. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.24. OFG Bancorp had a net margin of 23.45% and a return on equity of 15.62%. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $179.16 million. During the same quarter in the previous year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts expect that OFG Bancorp will post 4.5 earnings per share for the current fiscal year.

OFG Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 annualized dividend and a yield of 3.1%. OFG Bancorp’s payout ratio is 30.57%.

OFG Bancorp announced that its board has approved a stock repurchase plan on Wednesday, January 28th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the bank to reacquire up to 12% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other OFG Bancorp news, Director Annette Franqui purchased 1,540 shares of the stock in a transaction on Friday, February 20th. The stock was bought at an average price of $42.06 per share, for a total transaction of $64,772.40. Following the acquisition, the director directly owned 3,440 shares of the company’s stock, valued at $144,686.40. This represents a 81.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.23% of the stock is owned by company insiders.

Institutional Trading of OFG Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OFG. Royal Bank of Canada grew its holdings in OFG Bancorp by 8.8% in the 1st quarter. Royal Bank of Canada now owns 30,489 shares of the bank’s stock valued at $1,221,000 after buying an additional 2,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of OFG Bancorp by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,719 shares of the bank’s stock worth $1,069,000 after purchasing an additional 552 shares during the period. Quantbot Technologies LP purchased a new stake in shares of OFG Bancorp during the 2nd quarter worth about $162,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of OFG Bancorp by 63.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 81,787 shares of the bank’s stock worth $3,500,000 after purchasing an additional 31,816 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of OFG Bancorp by 250.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after purchasing an additional 1,095 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Key OFG Bancorp News

Here are the key news stories impacting OFG Bancorp this week:

• Positive Sentiment: Q1 beat — OFG reported $1.26 EPS vs. consensus ~$1.02 and revenue of $185.8M (above estimates); management’s slide deck and press release emphasize business momentum and revenue growth. OFG Bancorp Reports 1Q26 Results
• Positive Sentiment: Strong margin outlook — Management outlined 2026 net interest margin guidance of ~5.10%–5.20% and reiterated expense guidance of $380M–$385M, signaling durable margin expansion and disciplined expense control. OFG outlines 2026 net-interest margin
• Positive Sentiment: Deposit strength and digital strategy — Commentary and a deep‑dive note highlight deposit inflows and digital initiatives as key drivers of outperformance and stability in funding costs. This supports sustainable loan growth without stressing liquidity. OFG Q1 deep dive
• Positive Sentiment: Analyst lifts — Several firms raised forecasts and targets after the quarter (Truist to $50 with a Buy; Piper Sandler raised its target to $48; others raised estimates), which likely supported the intraday rally. Analysts raise forecasts
• Neutral Sentiment: Mixed analyst view — Wells Fargo raised its price target to $45 but kept an “equal weight” rating (the target is roughly in line with the stock), which is less bullish than some other shops and may cap upside for short‑term traders. Wells Fargo raises PT
• Neutral Sentiment: Technical/volume context — Trading volume is slightly above average and the shares are near their 50/200‑day moving averages and 52‑week high, so momentum and positioning can amplify moves in either direction. (Background market data)

OFG Bancorp Company Profile

OFG Bancorp, through its principal subsidiary Oriental Bank, is a financial holding company headquartered in San Juan, Puerto Rico. The company provides a wide range of banking services, including commercial and consumer deposit accounts, small business loans, corporate lending, treasury management, and cash management solutions. Its consumer offerings encompass personal checking and savings accounts, credit cards, and electronic banking platforms designed to serve retail customers across its markets.

In addition to traditional banking products, OFG Bancorp offers mortgage origination and servicing, as well as wealth management and trust services for high‐net‐worth individuals and institutional clients.