OFG Bancorp (NYSE:OFG) Price Target Raised to $58.00 at Truist Financial

OFG Bancorp (NYSE:OFG) had its price objective hoisted by investment analysts at Truist Financial from $55.00 to $58.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s target price suggests a potential upside of 11.02% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Benchmark assumed coverage on shares of OFG Bancorp in a research note on Tuesday, July 14th. They set a “hold” rating for the company. Wells Fargo & Company increased their price objective on OFG Bancorp from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Piper Sandler set a $56.00 price objective on OFG Bancorp in a report on Wednesday. Zacks Research downgraded shares of OFG Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OFG Bancorp in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, OFG Bancorp has an average rating of “Hold” and a consensus price target of $51.20.

OFG Bancorp Stock Performance

OFG traded down $0.66 during trading on Wednesday, reaching $52.24. 94,928 shares of the company’s stock were exchanged, compared to its average volume of 342,283. The company has a market capitalization of $2.21 billion, a P/E ratio of 10.80 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $47.47 and a 200 day moving average price of $43.63. OFG Bancorp has a fifty-two week low of $35.71 and a fifty-two week high of $53.20.

OFG Bancorp (NYSE:OFG) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.22. The company had revenue of $190.32 million during the quarter, compared to analysts’ expectations of $182.64 million. OFG Bancorp had a net margin of 23.45% and a return on equity of 15.62%. During the same quarter in the prior year, the company posted $1.15 EPS. As a group, analysts predict that OFG Bancorp will post 4.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OFG Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of OFG. Tudor Investment Corp ET AL lifted its position in OFG Bancorp by 23.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 180,897 shares of the bank’s stock worth $7,867,000 after buying an additional 34,653 shares in the last quarter. Intech Investment Management LLC increased its position in OFG Bancorp by 109.0% in the 4th quarter. Intech Investment Management LLC now owns 148,046 shares of the bank’s stock valued at $6,067,000 after acquiring an additional 77,223 shares in the last quarter. Vest Financial LLC increased its position in OFG Bancorp by 16.5% in the 4th quarter. Vest Financial LLC now owns 141,076 shares of the bank’s stock valued at $5,781,000 after acquiring an additional 20,020 shares in the last quarter. CenterBook Partners LP increased its position in OFG Bancorp by 83.2% in the 4th quarter. CenterBook Partners LP now owns 111,190 shares of the bank’s stock valued at $4,557,000 after acquiring an additional 50,508 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of OFG Bancorp in the first quarter worth about $777,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

OFG Bancorp News Roundup

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

• Positive Sentiment: OFG Bancorp reported Q2 2026 adjusted earnings of $1.39 per share, beating estimates and rising from $1.15 a year ago, while revenue of $190.3 million also came in above expectations. OFG Bancorp Reports 2Q26 Results
• Positive Sentiment: Management said the quarter showed strong core momentum, with year-over-year EPS growth of 20.9% and core revenue growth of 4.5%, which supports the view that the bank’s underlying business is performing well. OFG Bancorp Earnings Call Signals Strong Core Momentum
• Positive Sentiment: The company indicated it expects net interest margin of 5.25% to 5.35% in the second half of 2026, helped by the relocation of government deposits, suggesting continued earnings support ahead. OFG expects 5.25%-5.35% NIM in 2H 2026 as government deposits are relocated
• Neutral Sentiment: Several coverage pieces framed the stock as fairly valued after a large run-up, with one commentary suggesting OFG may already reflect much of the good news. OFG Bancorp (OFG) Stock Seems Fairly Priced On Its 160% Run

About OFG Bancorp

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.