OFG Bancorp (NYSE:OFG) Hits New 1-Year High – What’s Next?

Posted by George Bondi on Jul 1st, 2026

OFG Bancorp (NYSE:OFG – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.27 and last traded at $49.8370, with a volume of 25660 shares. The stock had previously closed at $49.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler reissued 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 upped their price objective on OFG Bancorp from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial lifted their target price on OFG Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded OFG Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

Get Our Latest Stock Analysis on OFG

OFG Bancorp Price Performance

The stock has a market capitalization of $2.14 billion, a PE ratio of 10.43 and a beta of 0.70. The firm’s fifty day moving average price is $46.04 and its two-hundred day moving average price is $42.78. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.33.

OFG Bancorp (NYSE:OFG – Get Free Report) last issued its earnings results on Tuesday, March 31st. The bank reported $1.26 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts predict that OFG Bancorp will post 4.75 earnings per share for the current year.

OFG Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. OFG Bancorp’s payout ratio is presently 28.93%.

Institutional Trading of OFG Bancorp

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in OFG Bancorp by 19.9% in the first quarter. Empowered Funds LLC now owns 212,358 shares of the bank’s stock worth $8,592,000 after purchasing an additional 35,269 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of OFG Bancorp by 28.4% in the 1st quarter. Bank of America Corp DE now owns 132,507 shares of the bank’s stock worth $5,361,000 after purchasing an additional 29,269 shares during the period. Amundi lifted its stake in shares of OFG Bancorp by 140.7% in the 1st quarter. Amundi now owns 16,005 shares of the bank’s stock worth $648,000 after purchasing an additional 9,357 shares during the period. Royal Bank of Canada boosted its holdings in shares of OFG Bancorp by 80.2% in the first quarter. Royal Bank of Canada now owns 3,901 shares of the bank’s stock worth $158,000 after buying an additional 1,736 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in OFG Bancorp by 49.6% during the first quarter. Quantinno Capital Management LP now owns 8,473 shares of the bank’s stock valued at $343,000 after buying an additional 2,808 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About OFG Bancorp

(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.