12,076 Shares in OFG Bancorp $OFG Purchased by PDT Partners LLC

Posted by George Bondi on Aug 28th, 2026

PDT Partners LLC acquired a new position in OFG Bancorp (NYSE:OFG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,076 shares of the bank’s stock, valued at approximately $593,000.

A number of other large investors have also recently made changes to their positions in OFG. Dimensional Fund Advisors LP grew its position in OFG Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,565,784 shares of the bank’s stock worth $103,811,000 after acquiring an additional 27,774 shares in the last quarter. Deutsche Bank AG purchased a new stake in OFG Bancorp during the second quarter valued at approximately $20,652,000. Empowered Funds LLC raised its position in OFG Bancorp by 19.9% during the first quarter. Empowered Funds LLC now owns 212,358 shares of the bank’s stock valued at $8,592,000 after purchasing an additional 35,269 shares during the period. Summit Global Investments purchased a new stake in OFG Bancorp during the second quarter valued at approximately $1,407,000. Finally, Intech Investment Management LLC lifted its stake in shares of OFG Bancorp by 109.0% in the 4th quarter. Intech Investment Management LLC now owns 148,046 shares of the bank’s stock valued at $6,067,000 after purchasing an additional 77,223 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

OFG Bancorp Trading Down 0.4%

Shares of NYSE OFG opened at $52.02 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $51.17 and its 200-day moving average price is $45.93. OFG Bancorp has a fifty-two week low of $35.71 and a fifty-two week high of $54.47. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 10.24 and a beta of 0.69.

OFG Bancorp (NYSE:OFG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.22. The company had revenue of $190.28 million during the quarter, compared to analysts’ expectations of $182.64 million. OFG Bancorp had a return on equity of 15.92% and a net margin of 24.08%.During the same quarter in the previous year, the business earned $1.15 EPS. On average, sell-side analysts expect that OFG Bancorp will post 5.05 earnings per share for the current year.

OFG Bancorp Announces Dividend

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

Insider Activity

In other news, CFO Maritza Arizmendi sold 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $53.35, for a total transaction of $533,500.00. Following the completion of the sale, the chief financial officer directly owned 56,684 shares of the company’s stock, valued at approximately $3,024,091.40. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jesus Nestor De sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $53.00, for a total transaction of $212,000.00. Following the completion of the transaction, the director owned 20,040 shares in the company, valued at approximately $1,062,120. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 66,352 shares of company stock valued at $3,491,362. 1.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OFG has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of OFG Bancorp in a research report on Friday, July 10th. Wells Fargo & Company raised their price target on OFG Bancorp from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Benchmark started coverage on shares of OFG Bancorp in a research note on Tuesday, July 14th. They set a “hold” rating for the company. Zacks Research upgraded shares of OFG Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Piper Sandler set a $56.00 target price on shares of OFG Bancorp in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, OFG Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $55.20.

View Our Latest Research Report on OFG

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.