OFG Bancorp (NYSE:OFG) Hits New 52-Week High – Still a Buy?

11 Jun 2026, 09:50 by Mitch Edgeman · The Markets Daily

OFG Bancorp (NYSE:OFG – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $47.46 and last traded at $47.60, with a volume of 8982 shares trading hands. The stock had previously closed at $46.27.

Wall Street Analysts Forecast Growth

OFG has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of OFG Bancorp from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Piper Sandler reiterated a “neutral” rating and issued a $48.00 target price (up from $43.00) on shares of OFG Bancorp in a research note on Wednesday, April 22nd. Truist Financial increased their target price on shares of OFG Bancorp from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research raised shares of OFG Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.20.

Get Our Latest Stock Analysis on OFG Bancorp

OFG Bancorp Price Performance

The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 9.65 and a beta of 0.70. The company’s 50-day moving average is $44.40 and its 200-day moving average is $42.03.

OFG Bancorp (NYSE:OFG – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $1.26 earnings per share (EPS) for the quarter. OFG Bancorp had a net margin of 23.45% and a return on equity of 15.62%. The firm had revenue of $185.80 million during the quarter. Equities research analysts expect that OFG Bancorp will post 4.75 earnings per share for the current fiscal year.

OFG Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th. OFG Bancorp’s dividend payout ratio is 28.93%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of OFG Bancorp during the third quarter worth approximately $35,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of OFG Bancorp during the third quarter worth approximately $53,000. EverSource Wealth Advisors LLC increased its holdings in shares of OFG Bancorp by 250.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank’s stock worth $66,000 after buying an additional 1,095 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of OFG Bancorp during the second quarter worth approximately $97,000. Finally, Royal Bank of Canada increased its holdings in shares of 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, 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.