OFG Bancorp (NYSE:OFG) Hits New 12-Month High – Here’s Why

Posted by Geri Gentry on Jun 15th, 2026

Shares of OFG Bancorp (NYSE:OFG – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $48.11 and last traded at $48.2650, with a volume of 277775 shares traded. The stock had previously closed at $48.06.

Wall Street Analyst Weigh In

OFG has been the subject of several recent research reports. Zacks Research raised OFG Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Piper Sandler reiterated a “neutral” rating and set a $48.00 price target (up from $43.00) on shares of OFG Bancorp in a research report on Wednesday, April 22nd. Wells Fargo & Company boosted their price target on shares of OFG Bancorp from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial increased their price objective on shares of OFG Bancorp from $44.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.20.

Read Our Latest Report on OFG

OFG Bancorp Trading Down 0.4%

The company has a market capitalization of $2.02 billion, a P/E ratio of 9.90 and a beta of 0.70. The business has a 50 day moving average price of $44.68 and a 200 day moving average price of $42.15. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33.

OFG Bancorp (NYSE:OFG – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $1.26 earnings per share for the quarter. The business had revenue of $185.80 million for the quarter. OFG Bancorp had a net margin of 23.45% and a return on equity of 15.62%. Analysts anticipate that OFG Bancorp will post 4.75 EPS for the current year.

OFG Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 30th. OFG Bancorp’s dividend payout ratio (DPR) is currently 28.93%.

Institutional Trading of OFG Bancorp

A number of large investors have recently made changes to their positions in the company. Quarry LP bought a new position in OFG Bancorp during the third quarter worth about $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of OFG Bancorp by 250.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after acquiring an additional 1,095 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of OFG Bancorp in the second quarter worth about $97,000. Quantbot Technologies LP acquired a new stake in shares of OFG Bancorp during the second quarter worth about $162,000. Finally, Royal Bank of Canada raised its position in shares of OFG Bancorp by 80.2% during the first quarter. Royal Bank of Canada now owns 3,901 shares of the bank’s stock worth $158,000 after purchasing an additional 1,736 shares during the period. Institutional investors own 92.73% of the company’s stock.

OFG Bancorp Company Profile

(Get Free Report)

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.