Mraz Amerine & Associates Inc. maintained its position in OFG Bancorp (NYSE:OFG) during the second quarter, Holdings Channel reports. The firm owned 29,916 shares of the company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in OFG Bancorp were worth $248,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of OFG. Wellington Management Group LLP raised its position in OFG Bancorp by 218.0% in the first quarter. Wellington Management Group LLP now owns 4,130,883 shares of the company’s stock worth $28,875,000 after buying an additional 2,831,877 shares during the last quarter. Prudential Financial Inc. raised its position in OFG Bancorp by 173.6% in the first quarter. Prudential Financial Inc. now owns 276,764 shares of the company’s stock worth $1,935,000 after buying an additional 175,600 shares during the last quarter. Nisa Investment Advisors L.L.C. acquired a new position in OFG Bancorp during the first quarter worth approximately $921,000. Strs Ohio acquired a new position in OFG Bancorp during the second quarter worth approximately $655,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in OFG Bancorp by 126.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 125,521 shares of the company’s stock worth $877,000 after buying an additional 69,979 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.
OFG Bancorp (NYSE:OFG) traded up 1.81% during midday trading on Wednesday, reaching $10.11. The company had a trading volume of 171,020 shares. The stock’s 50 day moving average price is $10.58 and its 200-day moving average price is $8.97. The firm has a market capitalization of $443.96 million, a P/E ratio of 24.30 and a beta of 1.33. OFG Bancorp has a one year low of $4.56 and a one year high of $11.25.
OFG Bancorp (NYSE:OFG) last announced its earnings results on Friday, July 22nd. The company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. OFG Bancorp had a net margin of 7.01% and a return on equity of 4.40%. During the same quarter in the previous year, the firm earned ($0.15) EPS. On average, equities research analysts anticipate that OFG Bancorp will post $0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.37%. OFG Bancorp’s dividend payout ratio is presently 57.14%.
A number of equities analysts have recently commented on OFG shares. Zacks Investment Research lowered OFG Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 9th. Keefe, Bruyette & Woods lifted their target price on OFG Bancorp from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. OFG Bancorp presently has an average rating of “Buy” and a consensus price target of $10.85.
OFG Bancorp Company Profile
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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