OFG Bancorp Sees Unusually Large Options Volume (OFG)
OFG Bancorp (NYSE:OFG) was the recipient of some unusual options trading on Tuesday. Investors acquired 780 call options on the stock. This represents an increase of approximately 954% compared to the average daily volume of 74 call options.
In other news, Director Jesus Nestor De acquired 5,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $7.95 per share, for a total transaction of $39,750.00. Following the purchase, the director now owns 5,400 shares in the company, valued at $42,930. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.56% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new position in shares of OFG Bancorp during the 3rd quarter valued at $103,000. Virtu KCG Holdings LLC acquired a new position in OFG Bancorp in the 2nd quarter worth $117,000. Dynamic Technology Lab Private Ltd acquired a new position in OFG Bancorp in the 2nd quarter worth $127,000. BNP Paribas Arbitrage SA lifted its holdings in OFG Bancorp by 53.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,649 shares of the bank’s stock worth $136,000 after buying an additional 4,775 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of OFG Bancorp in the 3rd quarter worth about $141,000. Institutional investors and hedge funds own 96.63% of the company’s stock.
OFG Bancorp (NYSE:OFG) opened at $9.80 on Friday. The stock has a market capitalization of $446.07, a PE ratio of 8.25 and a beta of 1.62. OFG Bancorp has a twelve month low of $7.80 and a twelve month high of $14.48. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.
OFG Bancorp (NYSE:OFG) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.12. OFG Bancorp had a return on equity of 9.05% and a net margin of 11.92%. The company had revenue of $98.39 million for the quarter, compared to analyst estimates of $90.60 million. During the same quarter last year, the company posted $0.14 earnings per share. sell-side analysts forecast that OFG Bancorp will post 1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.45%. OFG Bancorp’s dividend payout ratio (DPR) is 28.92%.
About OFG Bancorp
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. 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.
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