OFG OFG Bancorp Dashboard

Now in its 56th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and U.S. Virgin Islands.

Company profile

Ticker

OFG, OFG-PD

Exchange

NYSE

Website

www.ofgbancorp.com

CEO

Jose Fernandez

Incorporated

Puerto Rico

Location

Puerto Rico

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

Former names

ORIENTAL FINANCIAL GROUP INC

SEC CIK

0001030469

Corporate docs

Articles of Incorporation & Bylaws

IRS number

660538893

OFG stock data

S&P 500

1M 1Y 2Y 5Y

News

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Recap: OFG Bancorp Q2 Earnings

21 Jul 21

Shares of OFG Bancorp (NYSE:OFG) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 100.00% year over year to $0.78, which beat the estimate of $0.53.

OFG Bancorp Q2 EPS $0.78 Beats $0.53 Estimate

21 Jul 21

OFG Bancorp (NYSE:OFG) reported quarterly earnings of $0.78 per share which beat the analyst consensus estimate of $0.53 by 47.17 percent. This is a 100 percent increase over earnings of $0.39 per share from the same

Stocks That Hit 52-Week Highs On Tuesday

18 May 21

Tuesday's morning session saw 241 companies set new 52-week highs.

Stocks That Hit 52-Week Highs On Friday

14 May 21

Press releases

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OFG Bancorp Announces New Share Repurchase Program of $50 Million

28 Jul 21

OFG Bancorp (NYSE:OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG's capital actions thus far in 2021. The new stock repurchase program

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 50%

28 Jul 21

OFG Bancorp (NYSE:OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per share, for the quarter ending September 30, 2021. The dividend

OFG Bancorp Reports 2Q21 Results

21 Jul 21

OFG Bancorp (NYSE:OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2021. CEO Comment José Rafael Fernández, Chief Executive Officer, said: "We generated

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

7 May 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart OFG financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from OFG Bancorp earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.41B	2.41B	2.41B	2.41B	2.41B	2.41B
Cash burn (monthly)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	5.94M
Cash used (since last report)	n/a	n/a	n/a	n/a	n/a	23.86M
Cash remaining	n/a	n/a	n/a	n/a	n/a	2.39B
Runway (months of cash)	n/a	n/a	n/a	n/a	n/a	401.7

Beta Read what these cash burn values mean

Recent insider trades

OFG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jul 21	Kumar Ganesh	Common Stock	Payment of exercise	Dispose F	No	No	21.94	591	12.97K	88,661
28 Jul 21	Kumar Ganesh	Common Stock	Grant	Aquire A	No	No	0	1,650	0	89,252
28 Jul 21	Kumar Ganesh	Restricted Units Common Stock	Option exercise	Dispose M	No	No	0	1,650	0	30,299
16 Apr 21	Perez Edwin	Restricted Units Common Stock	Grant	Aquire A	No	No	0	5,600	0	7,590
8 Apr 21	Julian Inclan	Restricted Units Common Stock	Grant	Aquire A	No	No	0	3,400	0	8,380
7 Apr 21	Maritza Arizmendi	Restricted Units Common Stock	Grant	Aquire A	No	No	0	7,300	0	12,096
5 Apr 21	Pedro Morazzani	Restricted Units Common Stock	Grant	Aquire A	No	No	0	2,300	0	5,590

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

OFG institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	144	137	+5.1%
Opened positions	19	12	+58.3%
Closed positions	12	17	-29.4%
Increased positions	44	43	+2.3%
Reduced positions	52	45	+15.6%

13F shares	Current	Prev Q	Change
Total value	1.64B	1.04B	+57.8%
Total shares	46.63M	46.06M	+1.2%
Total puts	0	0
Total calls	19.1K	0	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	7.61M	$172.11M	+1.2%
Vanguard	5.73M	$129.61M	+0.0%
Dimensional Fund Advisors	4M	$90.58M	-1.7%
Barrow Hanley Mewhinney & Strauss	3.37M	$76.32M	-8.8%
FMR	2.73M	$61.71M	+13.9%
STT State Street	2.06M	$46.67M	+16.2%
Arctis Global	1.92M	$43.33M	+6.8%
Stilwell Value	1.74M	$39.35M	0.0%
X-Square Capital	1.38M	$31.32M	-7.1%
LSV Asset Management	1.09M	$24.75M	-7.7%

Largest transactions	Shares	Bought/sold	Change
Arrowstreet Capital, Limited Partnership	40.63K	-395.75K	-90.7%
Wellington Management	384.5K	+384.5K	NEW
FMR	2.73M	+333.94K	+13.9%
Barrow Hanley Mewhinney & Strauss	3.37M	-324.31K	-8.8%
STT State Street	2.06M	+286.96K	+16.2%
EJF Capital	222.13K	+222.13K	NEW
GS Goldman Sachs	390.25K	+209.94K	+116.4%
NTRS Northern Trust	754.05K	-168.05K	-18.2%
Monarch Partners Asset Management	131.69K	+131.69K	NEW
Arctis Global	1.92M	+121.22K	+6.8%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-Q 2021 Q1