OFG Bancorp (NYSE:OFG) Stock Price Down 4.1% – Here’s Why

Posted by Brian Himes on Oct 21st, 2026

OFG Bancorp (NYSE:OFG – Get Free Report)’s share price fell 4.1% during mid-day trading on Wednesday. The stock traded as low as $50.71 and last traded at $50.7930. 32,202 shares were traded during mid-day trading, a decline of 90% from the average session volume of 317,434 shares. The stock had previously closed at $52.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark started coverage on shares of OFG Bancorp in a research note on Tuesday, July 14th. They set a “hold” rating on the stock. Zacks Research downgraded shares of OFG Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Keefe, Bruyette & Woods raised their price objective on OFG Bancorp from $52.00 to $57.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Piper Sandler set a $56.00 price objective on OFG Bancorp in a report on Wednesday, July 22nd. Finally, Truist Financial lifted their target price on OFG Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.50.

Check Out Our Latest Stock Analysis on OFG

OFG Bancorp Trading Down 3.6%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $2.16 billion, a PE ratio of 10.05 and a beta of 0.73. The business’s 50-day moving average price is $52.04 and its 200-day moving average price is $48.96.

OFG Bancorp (NYSE:OFG – Get Free Report) last announced its earnings results on Wednesday, October 21st. The bank reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. OFG Bancorp had a net margin of 24.08% and a return on equity of 15.92%. The business had revenue of $186.21 million for the quarter, compared to analysts’ expectations of $187.11 million. As a group, analysts expect that OFG Bancorp will post 5.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OFG Bancorp news, CEO Jose Fernandez sold 52,352 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $52.45, for a total transaction of $2,745,862.40. Following the transaction, the chief executive officer directly owned 152,657 shares of the company’s stock, valued at approximately $8,006,859.65. This trade represents a 25.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Maritza Arizmendi sold 10,000 shares of OFG Bancorp 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 transaction, the chief financial officer owned 56,684 shares in the company, valued at approximately $3,024,091.40. This represents a 15.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 66,352 shares of company stock valued at $3,491,362. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On OFG Bancorp

Several hedge funds have recently made changes to their positions in OFG. Allworth Financial LP acquired a new position in OFG Bancorp in the 2nd quarter valued at about $31,000. Nykredit A S purchased a new position in shares of OFG Bancorp in the 2nd quarter valued at about $43,000. USA Financial Formulas acquired a new stake in shares of OFG Bancorp in the third quarter valued at about $47,000. Integrated Wealth Concepts LLC acquired a new stake in shares of OFG Bancorp in the second quarter valued at about $57,000. Finally, Royal Bank of Canada boosted its holdings in OFG Bancorp by 80.2% during 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 in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

OFG Bancorp Company Profile

(Get Free Report)

OFG Bancorp is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal subsidiary, Oriental Bank, the company provides banking and financial services to individuals, businesses and institutions in Puerto Rico and the U.S. Virgin Islands.

Oriental Bank offers deposit accounts, consumer and commercial loans, residential mortgage lending, auto financing, credit cards and other retail banking products. The company also provides wealth management, trust, investment and insurance-related services through its affiliated businesses.

Founded in 1964, OFG Bancorp has expanded its presence in Puerto Rico through organic growth and acquisitions, including the purchase of Scotiabank’s Puerto Rico operations in 2019.