Tudor Investment Corp ET AL Has $7.47 Million Position in OFG Bancorp (NYSE:OFG)

Tudor Investment Corp ET AL grew its holdings in OFG Bancorp (NYSE:OFG) by 139.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,517 shares of the bank’s stock after buying an additional 102,680 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.38% of OFG Bancorp worth $7,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of OFG Bancorp by 48.9% during the fourth quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock worth $34,000 after purchasing an additional 263 shares in the last quarter. R Squared Ltd bought a new position in OFG Bancorp in the 4th quarter valued at $44,000. Smartleaf Asset Management LLC increased its stake in shares of OFG Bancorp by 196.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the bank’s stock valued at $44,000 after buying an additional 680 shares during the period. Meeder Asset Management Inc. bought a new position in OFG Bancorp in the fourth quarter valued at about $44,000. Finally, Blue Trust Inc. increased its position in OFG Bancorp by 84.8% in the fourth quarter. Blue Trust Inc. now owns 2,061 shares of the bank’s stock worth $93,000 after purchasing an additional 946 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OFG. Piper Sandler reduced their target price on shares of OFG Bancorp from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Hovde Group reduced their price objective on shares of OFG Bancorp from $53.50 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on shares of OFG Bancorp from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lowered OFG Bancorp from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $48.00 to $42.00 in a research report on Wednesday, April 9th.

OFG Bancorp Stock Up 2.0 %

Shares of NYSE OFG opened at $39.78 on Wednesday. OFG Bancorp has a 52-week low of $33.15 and a 52-week high of $47.66. 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 market cap of $1.81 billion, a P/E ratio of 9.43 and a beta of 0.74. The firm has a 50 day moving average price of $38.84 and a 200 day moving average price of $41.57.

OFG Bancorp (NYSE:OFG) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $175.35 million. OFG Bancorp had a net margin of 22.71% and a return on equity of 15.80%. During the same period last year, the firm earned $1.05 EPS. Analysts expect that OFG Bancorp will post 4.18 EPS for the current year.

OFG Bancorp Profile

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.