OFG Bancorp (NYSE:OFG) released its quarterly results on Wednesday. The bank reported earnings per share of $0.66 for the quarter, missing analyst consensus estimates of $0.76 per ($0.10), MarketWatch Earnings reports. OFG Bancorp achieved a return on equity of 13.99% and a net margin of 23.53%. In the same quarter last year, the company achieved EPS of $0.58.

NYSE: OFG was down $0.54 in Friday’s midday session, hitting $27.20. 12,112 shares of the company were traded, compared to its average volume of 235,138. The company has a leverage ratio of 0.09, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50-day simple moving average is $26.68 and its 200-day simple moving average is $24.95. OFG Bancorp has a 1 year minimum of $16.00 and a 1 year maximum of $30.93. The company has a market capitalization of $1.36 billion, a PE ratio of 10.79 and a beta of 1.38.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.12 per share. The ex-dividend date was Thursday, December 30. This represents an annualized dividend of $0.48 and a yield of 1.76%. OFG Bancorp’s dividend payout ratio (DPR) is currently 18.68%.

Major investors have recently been buying and selling shares of the company. Jane Street Group LLC increased its stake in shares of OFG Bancorp by 49.5% during the third quarter. Jane Street Group LLC now owns 16,320 shares of the bank worth $412,000 after purchasing an additional 5,405 shares in the last quarter. Morgan Stanley increased its stake in OFG Bancorp shares by 63.4% during the second quarter. Morgan Stanley now owns 202,212 shares of the bank worth $4,472,000 after buying an additional 78,460 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in OFG Bancorp shares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 552,103 shares of the bank worth $13,925,000 after acquiring 5,891 additional shares in the last quarter. Hedge funds and other institutional investors hold 91.83% of the company’s shares.

Several equity analysts weighed in on OFG shares. Wells Fargo & Company raised its price target on OFG Bancorp shares from $31.00 to $33.00 and gave the company an “overweight” rating in a Tuesday, Jan. 4, report. Zacks Investment Research downgraded shares of OFG Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, Dec. 22. Finally, the Hovde Group launched a hedge on the shares of OFG Bancorp in a report on Monday, December 20. They issued an “outperform” rating and a target price of $32.00 for the company.

OFG Bancorp Company Profile

OFG Bancorp is a holding company that provides banking and financial services. It operates through the following segments: Banking, Wealth Management and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer and mortgage loans.

Further Reading: Cost of Debt

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in OFG Bancorp right now?

Before you consider OFG Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and OFG Bancorp was not on the list.

Although OFG Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here