22,004 Shares in OFG Bancorp $OFG Purchased by Ieq Capital LLC

Posted by Brenda Bartman on Aug 27th, 2026

Ieq Capital LLC purchased a new stake in shares of OFG Bancorp (NYSE:OFG – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 22,004 shares of the bank’s stock, valued at approximately $1,080,000.

Several other hedge funds have also bought and sold shares of OFG. Allworth Financial LP bought a new position in shares of OFG Bancorp during the second quarter valued at approximately $31,000. Quarry LP bought a new stake in shares of OFG Bancorp in the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC boosted its position in shares of OFG Bancorp by 250.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after purchasing an additional 1,095 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OFG Bancorp in the 2nd quarter worth approximately $97,000. Finally, Royal Bank of Canada increased its position in OFG Bancorp by 80.2% during the 1st quarter. Royal Bank of Canada now owns 3,901 shares of the bank’s stock valued at $158,000 after buying an additional 1,736 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Activity

In related news, CFO Maritza Arizmendi sold 10,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $53.35, for a total transaction of $533,500.00. Following the sale, the chief financial officer directly owned 56,684 shares of the company’s stock, valued at $3,024,091.40. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jose Rafael Fernandez sold 52,352 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $52.45, for a total value of $2,745,862.40. Following the sale, the chief executive officer directly owned 152,657 shares in the company, valued at $8,006,859.65. This trade represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 66,352 shares of company stock valued at $3,491,362 over the last ninety days. 1.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on OFG shares. Truist Financial lifted their price objective on OFG Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Benchmark began coverage on OFG Bancorp in a research note on Tuesday, July 14th. They issued a “hold” rating on the stock. Zacks Research raised OFG Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of OFG Bancorp in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of OFG Bancorp from $52.00 to $57.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

Check Out Our Latest Stock Analysis on OFG Bancorp

OFG Bancorp Price Performance

Shares of NYSE OFG opened at $52.29 on Thursday. OFG Bancorp has a twelve month low of $35.71 and a twelve month high of $54.47. The firm has a market cap of $2.21 billion, a P/E ratio of 10.29 and a beta of 0.69. The company has a 50 day moving average of $51.07 and a 200 day moving average of $45.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

OFG Bancorp (NYSE:OFG – Get Free Report) last issued its earnings results on Tuesday, July 21st. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.17 by $0.22. OFG Bancorp had a return on equity of 15.92% and a net margin of 24.08%.The business had revenue of $190.28 million for the quarter, compared to the consensus estimate of $182.64 million. During the same period last year, the business posted $1.15 EPS. As a group, research analysts expect that OFG Bancorp will post 5.05 EPS for the current fiscal year.

OFG Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 30th. OFG Bancorp’s dividend payout ratio is presently 27.56%.

OFG Bancorp Company Profile

(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.