Brokerage Firm Rating on OFG Bancorp (OFG)

OFG Bancorp (OFG) : 1 brokerage houses believe that OFG Bancorp (OFG) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on OFG Bancorp (OFG). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

OFG Bancorp (OFG) : Average target price received by OFG Bancorp (OFG) is $11.33 with an expected standard deviation of $0.58. The most aggressive target on the stock is $12, whereas the most downbeat target is $11. 3 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. OFG Bancorp (NYSE:OFG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.61 and $10.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.77, notching a gain of 2.28% for the day. The total traded volume was 425,934 . The stock had closed at $10.53 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Kumar Ganesh, officer (CFO & EVP) of Ofg Bancorp, had unloaded 1,000 shares at an average price of $18.75 in a transaction dated on May 11, 2016. The total value of the transaction was worth $18,750.

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank, a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services), an insurance agency, Oriental Insurance, Inc. (Oriental Insurance) and a retirement plan administrator, Caribbean Pension Consultants, Inc. (CPC). The Company has 53 branches in Puerto Rico.

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