OFG Bancorp’s recently made public 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 $9.44 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 -0.07% to $40.19. Over the last five days, the stock has lost -1.11%. OFG Bancorp shares have fallen nearly -5.03% since the year began. Nevertheless, the stocks have risen 14.89% 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 03/12/25. SMA at 50 days reached $42.03, while 200 days put it at $42.20.
Levels Of Support And Resistance For OFG Stock
The 24-hour chart illustrates a support level at 39.71, which if violated will result in even more drops to 39.22. On the upside, there is a resistance level at 40.68. A further resistance level may holdings at 41.16. The Relative Strength Index (RSI) on the 14-day chart is 41.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.54%. Stochastics %K at 44.01% 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 2025-02-28, dropping by 29596.0 shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.61 million shares. There was a decline of -5.07%, which implies that there is a negative sentiment for the stock.
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.
