The Insider Activity Of OFG Bancorp (OFG) Should Not Be Ignored


As of Wednesday close, OFG Bancorp’s (NYSE:OFG) stock was up $0.08, moving up 0.28 percent to $28.70. The average number of shares traded per day over the past five days has been 235,320 shares. 4 times new highs have been achieved over the past 5 days, with a $0.61 gain in that time frame. In the last twenty days, the average volume was 242,310, while in the previous 50 days, it was 254,416.

Since last month, OFG stock rose 3.20%. Shares of the company fell to $26.91 on 11/03/22, the lowest level in the past month. A 52-week high of $30.93 was reached on 01/18/22 after having rallying from a 52-week low of $23.82. Since the beginning of this year, OFG’s stock price has risen by 8.06% or $2.14, and marked a new high 10 times. However, the stock has declined by -7.21% since its 52-week high.

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OFG stock investors should be aware that OFG Bancorp (OFG) stock had its last reported insider trading activity 86 days ago on Aug 30. Colon Jorge, the Director of the company, purchased of 5,503 shares for $27.37 on Aug 30. It resulted in a $150,611 investment by the insider. Kumar Ganesh sold 3,059 shares at an average price of $29.10 on Aug 11. The insider now owns 0 shares following the transaction. On Aug 10, Director, Corp Performance Ortiz Cesar A sold 3,891 shares at $29.00 apiece. The transaction was valued at $112,839.

Valuation Metrics

Right now, OFG Bancorp (OFG) has a P/E ratio of about 9.17. The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 2.83, the price-to-book (PB) ratio of 1.38, and the price-to-cash flow ratio of 21.30 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Wednesday July 27 2022, a $0.05 dividend increase was announced.

Financial Health

In the year ended September 29, operating margins totaled 88.80%. Based on annual data, OFG earned $407.37 million in gross profit and brought in $449.2 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 30.60%. Return on equity (ROE) for the past 12 months was 14.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected OFG Bancorp to report $0.85 quarterly earnings, the actual figure was $0.87 per share, beating the consensus estimate by 2.40%. The value of shareholders’ equity is $47.56 million.

Technical Picture

This quick technical analysis looks at OFG Bancorp’s (OFG) price momentum. With a historical volatility rate of 23.94%, the RSI 9-day stood at 61.41% on 23 November.

With respect to its five-day moving average, the current OFG Bancorp price is up by +2.17% percent or $0.61. At present, OFG shares trade +4.17% above its 20-day simple moving average and +11.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.57% above its SMA50 and +0.35% above its SMA200.

Stochastic coefficient K was 66.12% and Stochastic coefficient D was 56.93%, while ATR was 0.61. Given the Stochastic reading of 69.43% for the 14-day period, the RSI (14) reading has been calculated as 59.21%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.36.

Analyst Ratings

OFG Bancorp (OFG) has been rated Buy by analysts. According to 0 brokerage firms, OFG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate OFG Bancorp stock as buy, with 4 recommending it as overweight.

With a median target price of $34.50, the current consensus forecast for the stock is $34.00 – $35.00. Based on these forecasts, analysts predict OFG Bancorp (OFG) will achieve an average price target of $34.50.


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