Bailard Inc. Has $708,000 Stock Holdings in OFG Bancorp (NYSE:OFG)

Bailard Inc. raised its position in OFG Bancorp (NYSE:OFG) by 39.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,741 shares of the bank’s stock after acquiring an additional 4,730 shares during the quarter. Bailard Inc.’s holdings in OFG Bancorp were worth $708,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OFG. GAMMA Investing LLC boosted its stake in shares of OFG Bancorp by 48.9% during the 4th quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock worth $34,000 after acquiring an additional 263 shares during the period. XTX Topco Ltd boosted its stake in shares of OFG Bancorp by 5.2% during the 3rd quarter. XTX Topco Ltd now owns 8,387 shares of the bank’s stock worth $377,000 after acquiring an additional 413 shares during the period. Martingale Asset Management L P boosted its stake in shares of OFG Bancorp by 0.5% during the 3rd quarter. Martingale Asset Management L P now owns 87,215 shares of the bank’s stock worth $3,918,000 after acquiring an additional 460 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of OFG Bancorp by 196.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the bank’s stock worth $44,000 after acquiring an additional 680 shares during the period. Finally, KBC Group NV boosted its stake in shares of OFG Bancorp by 39.7% during the 4th quarter. KBC Group NV now owns 2,620 shares of the bank’s stock worth $111,000 after acquiring an additional 745 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

OFG Bancorp Stock Down 0.9 %

Shares of OFG opened at $42.10 on Tuesday. OFG Bancorp has a 52 week low of $33.19 and a 52 week high of $47.66. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.85. The stock has a fifty day moving average of $42.70 and a 200-day moving average of $43.25.

OFG Bancorp (NYSE:OFG) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.12. OFG Bancorp had a return on equity of 15.80% and a net margin of 22.71%. During the same quarter last year, the company posted $0.98 earnings per share. As a group, sell-side analysts anticipate that OFG Bancorp will post 4.18 earnings per share for the current fiscal year.

OFG Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.30 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from OFG Bancorp’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.85%. OFG Bancorp’s dividend payout ratio (DPR) is 28.44%.

Wall Street Analysts Forecast Growth

OFG has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of OFG Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on OFG Bancorp from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd.

Insider Transactions at OFG Bancorp

In related news, CEO Jose Rafael Fernandez sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $45.24, for a total value of $2,262,000.00. Following the completion of the sale, the chief executive officer now directly owns 284,775 shares of the company’s stock, valued at $12,883,221. The trade was a 14.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.11% of the company’s stock.

About OFG Bancorp

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.