New insider activity at OFG Bancorp ( (OFG) ) has taken place on May 8, 2025.
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CFO Maritza Arizmendi recently sold 5,000 shares of OFG Bancorp stock, amounting to a total transaction value of $207,150.
Recent Updates on OFG stock
In the last 24 hours, OFG Bancorp has seen notable developments impacting its stock. The company announced a new $100 million stock repurchase plan, reflecting confidence in its financial health and shareholder value. Additionally, OFG Bancorp reported a solid Q1 2025 financial performance with an EPS of $1.00, surpassing consensus estimates. Despite a slight decrease from the previous quarter, the company highlighted growth in customer deposits and advancements in digital banking services. Analysts at Piper Sandler and Keefe Bruyette lowered their price targets for OFG Bancorp, citing modest loan growth and global economic uncertainties, though they acknowledged the company’s strong profitability and robust capital levels. The strategic focus on digital initiatives and a stable local economy are seen as positive drivers for the company’s future performance.
Spark’s Take on OFG Stock
According to Spark, TipRanks’ AI Analyst, OFG is a Outperform.
OFG Bancorp’s strong financial performance, robust balance sheet, and strategic digital initiatives drive a positive outlook. The low P/E ratio and reasonable dividend yield enhance its attractiveness. However, technical indicators suggest caution, and challenges highlighted during the earnings call could impact future performance.
To see Spark’s full report on OFG stock, click here.
More about OFG Bancorp
YTD Price Performance: -2.36%
Average Trading Volume: 434,497
Technical Sentiment Signal: Buy
Current Market Cap: $1.86B