Thrivent Financial for Lutherans Has $5.80 Million Holdings in OFG Bancorp (NYSE:OFG)

Thrivent Financial for Lutherans lifted its holdings in OFG Bancorp (NYSE:OFG) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 137,103 shares of the bank’s stock after purchasing an additional 8,589 shares during the period. Thrivent Financial for Lutherans’ holdings in OFG Bancorp were worth $5,802,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OFG. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in OFG Bancorp during the 3rd quarter worth about $984,000. State Street Corp raised its holdings in OFG Bancorp by 0.9% during the third quarter. State Street Corp now owns 2,177,560 shares of the bank’s stock worth $98,354,000 after acquiring an additional 19,372 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in OFG Bancorp by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,224 shares of the bank’s stock valued at $69,922,000 after purchasing an additional 14,618 shares during the last quarter. KBC Group NV grew its stake in OFG Bancorp by 39.7% in the fourth quarter. KBC Group NV now owns 2,620 shares of the bank’s stock valued at $111,000 after purchasing an additional 745 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of OFG Bancorp by 48.9% during the 4th quarter. GAMMA Investing LLC now owns 801 shares of the bank’s stock worth $34,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on OFG. Keefe, Bruyette & Woods increased their price objective on OFG Bancorp from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of OFG Bancorp from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd.

OFG Bancorp Stock Performance

Shares of NYSE OFG opened at $41.13 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.87 billion, a P/E ratio of 9.75 and a beta of 0.96. OFG Bancorp has a 12 month low of $33.19 and a 12 month high of $47.66. The stock has a 50 day moving average of $42.12 and a 200-day moving average of $42.81.

OFG Bancorp (NYSE:OFG) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. OFG Bancorp had a net margin of 22.71% and a return on equity of 15.80%. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts predict that OFG Bancorp will post 4.18 EPS for the current year.

OFG Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.30 dividend. This is a boost from OFG Bancorp’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. OFG Bancorp’s dividend payout ratio is currently 28.44%.

OFG Bancorp Profile

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services.