In a report released yesterday, Timur Braziler from Wells Fargo maintained a Buy rating on OFG Bancorp (OFG – Research Report), with a price target of $37.00. The company’s shares closed yesterday at $30.49.
Braziler covers the Financial sector, focusing on stocks such as Bank OZK, First Bancorp Puerto Rico, and Banc of California. According to TipRanks, Braziler has an average return of -6.6% and a 40.98% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OFG Bancorp with a $38.00 average price target.
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The company has a one-year high of $34.04 and a one-year low of $21.98. Currently, OFG Bancorp has an average volume of 220.7K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OFG in relation to earlier this year.
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OFG Bancorp (OFG) Company Description:
OFG Bancorp operates as a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer and mortgage loans. The Wealth Management segment involves in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.
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