OFG Bancorp
About: OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
Employees: 2,236
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,700% more call options, than puts
Call options by funds: $72K | Put options by funds: $4K
193% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 14
17% more capital invested
Capital invested by funds: $1.66B [Q2] → $1.94B (+$281M) [Q3]
12% more funds holding
Funds holding: 225 [Q2] → 252 (+27) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 84
1.43% less ownership
Funds ownership: 94.15% [Q2] → 92.72% (-1.43%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keefe, Bruyette & Woods Kelly Motta 65% 1-year accuracy 13 / 20 met price target | 17%upside $53 | Outperform Maintained | 4 Dec 2024 |
Wells Fargo Timur Braziler 67% 1-year accuracy 10 / 15 met price target | 8%upside $49 | Overweight Maintained | 3 Dec 2024 |
Piper Sandler Frank Schiraldi 77% 1-year accuracy 17 / 22 met price target | 4%upside $47 | Overweight Maintained | 17 Oct 2024 |