OFG Bancorp (OFG)

Several events impacted OFG Bancorp's stock price over the past six months. In July 2025, the company reported strong Q2 results and declared a regular quarterly dividend. Elizabeth Park Capital Advisors Ltd. acquired shares in August 2025. In September 2025, major institutional holders decreased their holdings, while others increased theirs. October 2025 saw the release of Q3 results, showing increased EPS and core revenues, but also higher net charge-offs and declining mortgage banking revenues; Allspring Global Investments Holdings LLC reduced its stock holdings. Another dividend was declared in November 2025. Insider sales were reported between November 2025 and January 2026. In December 2025, Zacks Research downgraded the stock to a "strong sell" rating, and the company announced its Q4 results date. In January 2026, analysts maintained a "Moderate Buy" rating with a $47.17 price target.

Demand for OFG Bancorp's products and services exhibits some seasonality influenced by local economic conditions and consumer behavior in Puerto Rico and the U.S. Virgin Islands. Commercial lending saw seasonal paydowns in Q1 2024. A summer tourism surge in Q3 2025 contributed to strong economic performance. Auto loan originations moderated in Q3 2025. The "Digital First" approach aims to smooth out seasonal fluctuations. Delays in federal disaster relief funds could negatively affect the local economy and demand.

OFG Bancorp is a diversified financial holding company operating under U.S., Puerto Rico, and U.S. Virgin Islands banking laws, offering financial products and services through Oriental Bank, Oriental Financial Services, and Oriental Insurance. Its services include retail and commercial banking, lending, wealth management, and insurance. The company emphasizes an enhanced customer experience through digital capabilities, efficient operations, and expert advice, adopting a "Digital First" strategy.

OFG Bancorp primarily operates in Puerto Rico and the U.S. Virgin Islands, with its headquarters in San Juan, Puerto Rico. As of 2023, it has 41 branches across Puerto Rico and two branches in the U.S. Virgin Islands.

OFG Bancorp has maintained a generally positive brand reputation. Forbes recognized it as one of "America's Best Banks in 2025." S&P Global Ratings upgraded its long-term issuer credit rating in April 2025. The CEO emphasized the success of their "Digital First" strategy in October 2025. The company concluded 2024 with strong financial results. MarketBeat's news sentiment rating for OFG Bancorp is "Neutral."

Institutional investors hold a significant portion of OFG Bancorp's stock, approximately 85.73% to 96.13%. Insiders own about 0.90%, while public companies and individual investors hold approximately 13.37%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and State Street Global Advisors, Inc. Key individual owners include Jose Rafael Fernandez, Maritza Arizmendi, Mari Evelyn Rodriguez, Ada Garcia, and Cesar A. Ortiz.