OFG Bancorp’s recent filing unveils that its CEO & Chairperson BOD FERNANDEZ JOSE RAFAEL unloaded Company’s shares for reported $2.27 million on Dec 05 ’24. In the deal valued at $45.37 per share,50,000 shares were sold. As a result of this transaction, FERNANDEZ JOSE RAFAEL now holds 234,775 shares worth roughly $9.78 million.
Then, FERNANDEZ JOSE RAFAEL sold 50,000 shares, generating $2,262,120 in total proceeds. Upon selling the shares at $45.24, the CEO & Chairperson BOD now owns 284,775 shares.
Before that, FERNANDEZ JOSE RAFAEL bought 50,000 shares. OFG Bancorp shares valued at $2,250,500 were divested by the Officer at a price of $45.01 per share.
A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Hovde Group started covering the stock on December 20, 2021. It rated OFG as “an Outperform”.
Price Performance Review of OFG
On Friday, OFG Bancorp [NYSE:OFG] saw its stock fall -0.22% to $41.66. Over the last five days, the stock has lost -3.88%. OFG Bancorp shares have fallen nearly -1.56% since the year began. Nevertheless, the stocks have risen 17.19% over the past one year. While a 52-week high of $47.66 was reached on 01/22/25, a 52-week low of $33.19 was recorded on 01/10/25. SMA at 50 days reached $42.87, while 200 days put it at $41.86.
Levels Of Support And Resistance For OFG Stock
The 24-hour chart illustrates a support level at 41.31, which if violated will result in even more drops to 40.97. On the upside, there is a resistance level at 42.20. A further resistance level may holdings at 42.75. The Relative Strength Index (RSI) on the 14-day chart is 41.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.17%. Stochastics %K at 21.46% indicates the stock is a holding.
The most recent change occurred on November 09, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $31 price target.
