OFG Bancorp (NYSE:OFG) Director Purchases $64,772.40 in Stock

February 21, 2026 by InsiderTrades.com

Key Points

Director Annette Franqui bought 1,540 shares on Feb. 20 at an average price of $42.06 (total $64,772.40), increasing her holdings to 3,440 shares — an 81.05% rise in her position.
The board approved a $200 million share repurchase program authorizing the company to buy up to 12% of outstanding shares, a move typically signaling the board views the stock as undervalued.
OFG raised its quarterly dividend from $0.30 to $0.35 (annualized $1.40), implying a 3.3% yield; the ex-dividend date is March 31 and the payment date is April 15.

OFG Bancorp (NYSE:OFG - Get Free Report) Director Annette Franqui bought 1,540 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $42.06 per share, with a total value of $64,772.40. Following the acquisition, the director directly owned 3,440 shares in the company, valued at $144,686.40. This trade represents a 81.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

OFG Bancorp Price Performance

NYSE:OFG traded up $0.52 on Friday, reaching $42.65. 221,948 shares of the company's stock traded hands, compared to its average volume of 384,154. The stock has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $41.77. OFG Bancorp has a 12 month low of $33.15 and a 12 month high of $46.11. The firm has a market cap of $1.87 billion, a PE ratio of 9.31 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.33.

OFG Bancorp (NYSE:OFG - Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.11. The firm had revenue of $185.37 million during the quarter, compared to analysts' expectations of $184.17 million. OFG Bancorp had a return on equity of 15.21% and a net margin of 22.72%.The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Equities research analysts forecast that OFG Bancorp will post 4.18 earnings per share for the current year.

OFG Bancorp declared that its board has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 12% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

OFG Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. This is a boost from OFG Bancorp's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, March 31st. OFG Bancorp's payout ratio is presently 26.20%.

Institutional Investors Weigh In On OFG Bancorp

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of OFG Bancorp in the 3rd quarter valued at approximately $35,000. Wealth Enhancement Advisory Services LLC purchased a new stake in OFG Bancorp during the 3rd quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its position in OFG Bancorp by 250.0% in 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 during the last quarter. Raymond James Financial Inc. bought a new stake in OFG Bancorp in the second quarter worth $97,000. Finally, Quantbot Technologies LP purchased a new position in OFG Bancorp during the second quarter worth $162,000. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OFG has been the topic of a number of research reports. Truist Financial reduced their price target on shares of OFG Bancorp from $48.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 26th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $43.00 price objective (down previously from $50.00) on shares of OFG Bancorp in a research report on Friday, January 23rd. Zacks Research raised OFG Bancorp from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of OFG Bancorp in a research report on Monday, December 29th. Finally, Wells Fargo & Company cut their price target on OFG Bancorp from $48.00 to $43.00 and set an "equal weight" rating for the company in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.83.

Get Our Latest Report on OFG Bancorp

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.

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.