OFG Bancorp [OFG] Stock sold by Insider FERNANDEZ JOSE RAFAEL for $0.84 million


OFG Bancorp’s recently made public that its CEO & Vice Chairperson BOD FERNANDEZ JOSE RAFAEL unloaded Company’s shares for reported $0.84 million on Aug 04. In the deal valued at $33.41 per share,25,000 shares were sold. As a result of this transaction, FERNANDEZ JOSE RAFAEL now holds 383,388 shares worth roughly $ 12.04 million.

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Then, Kumar Ganesh sold 8,804 shares, generating $289,511 in total proceeds. Upon selling the shares at $32.88, the Chief Strategy Officer, US now owns 0 shares.

Before that, FERNANDEZ JOSE RAFAEL sold 50,000 shares. OFG Bancorp shares valued at $1,655,300 were divested by the CEO & Vice Chairperson BOD at a price of $33.11 per share. As a result of the transaction, FERNANDEZ JOSE RAFAEL now holds 408,388 shares, worth roughly $12.83 million.

PT values the company’s stock at a premium of 10.26 to its Friday closing price.

Price Performance Review of OFG

On Friday, OFG Bancorp [NYSE:OFG] saw its stock jump 4.14% to $31.41. On the same session, the stock had its day’s lowest price of $30.48, but rose to a high of $31.46. Over the last five days, the stock has gained 4.70%. OFG Bancorp shares have risen nearly 13.97% since the year began. Nevertheless, the stocks have risen 15.48% over the past one year. While a 52-week high of $34.30 was reached on 07/24/23, a 52-week low of $22.34 was recorded on 05/04/23. SMA at 50 days reached $30.35, while 200 days put it at $27.67. A total of 0.19 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For OFG Stock

The 24-hour chart illustrates a support level at 30.77, which if violated will result in even more drops to 30.14. On the upside, there is a resistance level at 31.75. A further resistance level may holdings at 32.10. The Relative Strength Index (RSI) on the 14-day chart is 53.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.52%. Stochastics %K at 39.87% indicates the stock is a holding.

How much short interest is there in OFG Bancorp?

A steep rise in short interest was recorded in OFG Bancorp stocks on Aug 14, 2023, dropping by -0.1 million shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.55 million shares. There was a decline of -23.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.72.

OFG Bancorp [OFG] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,519,403 shares, or roughly 13.72% of the outstanding OFG shares. In other words, the investor’s shares have fallen by -130,581 from its previous 13-F filing of 6649984.0. Additionally, The Vanguard Group, Inc. decreased -2.17% of its stake after which the total value it holdings stand at $194,007,871, while Dimensional Fund Advisors LP reduced -0.35% of its stake to hold $126.38 million in the firm. Over the last quarter, Barrow, Hanley, Mewhinney & Strau purchased 18,713 shares of OFG Bancorp, while LSV Asset Management bought -9,588 shares. At present, SSgA Funds Management, Inc. is holding 2,074,334 shares valued at $69.47 million. JPMorgan Investment Management, I owned 1,350,730 shares of the company at the time of its most recent 13F filing, worth $45.24 million.

According to FactSet, OFG Bancorp’s share price will average $37.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.17 percent from its previous closing price of $30.16. Analysts expect OFG Bancorp stock to reach the higher price of $39.00, while the lowest price estimate is $36.00. However, 4 analysts have rated OFG stock as a Buy in their predictions for 2023.


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