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OFG Bancorp. (NYSE:OFG) Director Rafael Martinez purchased 1,065 shares of the company’s stock in a transaction dated Thursday, June 19th. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $20,075.25. Following the completion of the purchase, the director now directly owns 7,341 shares in the company, valued at approximately $138,378. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of OFG Bancorp. (NYSE:OFG) traded up 1.23% during mid-day trading on Monday, hitting $18.95. 60,610 shares of the company’s stock traded hands. OFG Bancorp. has a one year low of $14.05 and a one year high of $19.33. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $16.76. The company has a market cap of $853.0 million and a price-to-earnings ratio of 10.49.

OFG Bancorp. (NYSE:OFG) last announced its earnings results on Tuesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.08. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts predict that OFG Bancorp. will post $1.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, June 26th.

Separately, analysts at Zacks upgraded shares of OFG Bancorp. from an “underperform” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $17.90 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. OFG Bancorp. currently has a consensus rating of “Buy” and a consensus target price of $19.98.

OFG Bancorp, formerly Oriental Financial Group Inc is a diversified financial holding company. The Company’s three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provides a range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 64 financial centers.

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