Insider Selling: OFG Bancorp (NYSE:OFG) Director Sells $212,000.00 in Stock

August 15, 2026 by InsiderTrades.com

Key Points

OFG Bancorp CFO Maritza Arizmendi sold 10,000 shares at an average price of $53.35, generating $533,500. After the sale, she owned 56,684 shares, a 15% reduction in her position.
OFG Bancorp recently exceeded quarterly expectations, reporting $1.39 EPS versus the $1.17 consensus estimate and revenue of $190.28 million. The company also declared a $0.35 quarterly dividend, equivalent to a 2.6% annualized yield.
Shares opened at $53.88 near their 52-week high of $53.98, while analysts maintain a “Moderate Buy” consensus with an average price target of $55.20.

OFG Bancorp (NYSE:OFG - Get Free Report) Director Jesus Nestor De sold 4,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $53.00, for a total transaction of $212,000.00. Following the completion of the sale, the director directly owned 20,040 shares in the company, valued at $1,062,120. This trade represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OFG Bancorp Trading Up 0.6%

Shares of OFG stock opened at $53.88 on Friday. OFG Bancorp has a 52-week low of $35.71 and a 52-week high of $53.98. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 10.61 and a beta of 0.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average of $50.23 and a 200-day moving average of $45.10.

OFG Bancorp (NYSE:OFG - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.22. OFG Bancorp had a net margin of 24.08% and a return on equity of 15.92%. The company had revenue of $190.28 million during the quarter, compared to the consensus estimate of $182.64 million. During the same period last year, the firm earned $1.15 EPS. On average, equities research analysts forecast that OFG Bancorp will post 5.05 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 Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 30th. OFG Bancorp's dividend payout ratio is 27.56%.

Institutional Investors Weigh In On OFG Bancorp

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of OFG Bancorp by 8.8% in the first quarter. Royal Bank of Canada now owns 30,489 shares of the bank's stock valued at $1,221,000 after buying an additional 2,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OFG Bancorp by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,719 shares of the bank's stock worth $1,069,000 after buying an additional 552 shares in the last quarter. Quantbot Technologies LP acquired a new position in OFG Bancorp during the 2nd quarter worth about $162,000. Arrowstreet Capital Limited Partnership lifted its position in OFG Bancorp by 63.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 81,787 shares of the bank's stock worth $3,500,000 after buying an additional 31,816 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in OFG Bancorp by 250.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the bank's stock worth $66,000 after acquiring an additional 1,095 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OFG has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on OFG Bancorp from $49.00 to $55.00 and gave the company an "equal weight" rating in a report on Monday. Benchmark assumed coverage on OFG Bancorp in a report on Tuesday, July 14th. They issued a "hold" rating for the company. Zacks Research upgraded OFG Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Truist Financial raised 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of OFG Bancorp in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $55.20.

View Our Latest Analysis on OFG Bancorp

About OFG Bancorp

(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.