OFG Bancorp (OFG) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for OFG Bancorp (NYSE: OFG):

• 7/29/2026 – OFG Bancorp was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/22/2026 – OFG Bancorp was given a new $56.00 price target by Piper Sandler.
• 7/22/2026 – OFG Bancorp had its “neutral” rating reaffirmed by Piper Sandler.
• 7/22/2026 – OFG Bancorp had its price target raised by Keefe, Bruyette & Woods from $52.00 to $57.00. They now have a “market perform” rating on the stock.
• 7/22/2026 – OFG Bancorp had its price target raised by Truist Financial Corporation from $55.00 to $58.00. They now have a “buy” rating on the stock.
• 7/14/2026 – OFG Bancorp is now covered by Benchmark Co.. They set a “hold” rating on the stock.
• 7/13/2026 – OFG Bancorp had its price target raised by Truist Financial Corporation from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 7/10/2026 – OFG Bancorp had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 7/6/2026 – OFG Bancorp had its price target raised by Wells Fargo & Company from $45.00 to $49.00. They now have an “equal weight” rating on the stock.
• 6/30/2026 – OFG Bancorp was downgraded by Zacks Research from “strong-buy” to “hold”.

OFG Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. OFG Bancorp’s dividend payout ratio is presently 27.56%.

Insider Activity at OFG Bancorp

In related news, CEO Jose Rafael Fernandez sold 52,352 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $52.45, for a total value of $2,745,862.40. Following the transaction, the chief executive officer directly owned 152,657 shares of the company’s stock, valued at $8,006,859.65. This trade represents a 25.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.23% of the stock is owned by company insiders.

OFG Bancorp, through its principal subsidiary Oriental Bank, is a financial holding company headquartered in San Juan, Puerto Rico. The company provides a wide range of banking services, including commercial and consumer deposit accounts, small business loans, corporate lending, treasury management, and cash management solutions. Its consumer offerings encompass personal checking and savings accounts, credit cards, and electronic banking platforms designed to serve retail customers across its markets.

In addition to traditional banking products, OFG Bancorp offers mortgage origination and servicing, as well as wealth management and trust services for high‐net‐worth individuals and institutional clients.