OFG Bancorp (NYSE:OFG) had its Buy rating reiterated by Piper Jaffray Companies

ME Staff
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Analyst Ratings For OFG Bancorp (NYSE:OFG)

Today, Piper Jaffray Companies reiterated its Buy rating on OFG Bancorp (NYSE:OFG).

There are 0 sell ratings, 0 hold ratings, 3 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on OFG Bancorp (NYSE:OFG) is Buy with a consensus target price of $13.1667 per share, a potential 17.19% downside.

Some recent analyst ratings include

  • 7/23/2018-Piper Jaffray Companies Reiterated Rating of Buy.
  • 7/20/2018-Sandler O’Neill Reiterated Rating of Buy.
  • 4/23/2018-Keefe, Bruyette & Woods Reiterated Rating of Buy.

Recent Insider Trading Activity For OFG Bancorp (NYSE:OFG)
OFG Bancorp (NYSE:OFG) has insider ownership of 2.39% and institutional ownership of 96.74%.

  • On 6/28/2018 Jesus Nestor De, Director, bought 5,000 with an average share price of $14.10 per share and the total transaction amounting to $70,500.00.
  • On 6/6/2018 Jorge Colon, Director, bought 667 with an average share price of $14.65 per share and the total transaction amounting to $9,771.55.
  • On 5/29/2018 Jorge Colon, Director, bought 10,000 with an average share price of $13.97 per share and the total transaction amounting to $139,700.00.
  • On 11/8/2017 Jesus Nestor De, Director, bought 5,000 with an average share price of $7.95 per share and the total transaction amounting to $39,750.00.
  • On 3/20/2017 Radames Pena, Director, sold 6,000 with an average share price of $23.72 per share and the total transaction amounting to $142,320.00.
  • On 3/2/2017 Carlos Souffront, General Counsel, sold 10,000 with an average share price of $13.49 per share and the total transaction amounting to $134,900.00.
  • On 3/2/2017 Ganesh Kumar, CFO, sold 17,036 with an average share price of $13.12 per share and the total transaction amounting to $223,512.32.

About OFG Bancorp (NYSE:OFG)
OFG Bancorp, a financial holding company, provides various banking and financial services. It operates in three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending products; and financial planning, investment brokerage, corporate and individual trust, and retirement services. It also offers securities brokerage services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; separately-managed accounts and mutual fund asset allocation programs; and pension administration and other financial services. In addition, the company is involved in the management and participation in public offerings and private placements of debt and equity securities; insurance agency business; and administration of retirement plans. Further, it is involved in various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, Puerto Rico government and agency obligations, and money market instruments. The company operates through a network of 48 branches in Puerto Rico. OFG Bancorp was founded in 1964 and is based in San Juan, Puerto Rico.

Recent Trading Activity for OFG Bancorp (NYSE:OFG)
Shares of OFG Bancorp closed the previous trading session at 15,90 up +1,40 9,66 % with 15.45 shares trading hands.