Analysts’ Weekly Ratings Updates for OFG Bancorp (OFG)

OFG Bancorp (NYSE: OFG) recently received a number of ratings updates from brokerages and research firms:

• 7/22/2026 – OFG Bancorp was given a new $56.00 price target by Piper Sandler.
• 7/22/2026 – OFG Bancorp had its “neutral” rating reaffirmed by Piper Sandler.
• 7/22/2026 – OFG Bancorp had its price target raised by Keefe, Bruyette & Woods from $52.00 to $57.00. They now have a “market perform” rating on the stock.
• 7/22/2026 – OFG Bancorp had its price target raised by Truist Financial Corporation from $55.00 to $58.00. They now have a “buy” rating on the stock.
• 7/14/2026 – OFG Bancorp is now covered by Benchmark Co.. They set a “hold” rating on the stock.
• 7/13/2026 – OFG Bancorp had its price target raised by Truist Financial Corporation from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 7/10/2026 – OFG Bancorp had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 7/6/2026 – OFG Bancorp had its price target raised by Wells Fargo & Company from $45.00 to $49.00. They now have an “equal weight” rating on the stock.
• 6/30/2026 – OFG Bancorp was downgraded by Zacks Research from “strong-buy” to “hold”.

OFG Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. OFG Bancorp’s dividend payout ratio (DPR) is presently 28.93%.

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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.

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