Ofg Bancorp (OFG): Ganesh Kumar , CFO & EVP of Ofg Bancorp sold 1,000 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $18.75 per share for a total value of $18,750.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Ganesh Kumar (CFO & EVP) sold 400 shares at $19.20 per share price.On Apr 29, 2016, Radames Pena (director) sold 1,900 shares at $19.05 per share price.Also, On Apr 4, 2016, Rafael Martinez (director) purchased 7,000 shares at $6.99 per share price.On Feb 12, 2016, Jorge Colon (director) purchased 4,000 shares at $4.97 per share price.
OFG Bancorp: On Tuesday, May 10, 2016 heightened volatility was witnessed in OFG Bancorp which led to swings in the share price. The shares opened for trading at $8.11 and hit $8.43 on the upside , eventually ending the session at $8.39, with a gain of 4.22% or 0.34 points. The heightened volatility saw the trading volume jump to 3,62,399 shares. The 52-week high of the share price is $14.41 and the company has a market cap of $368 M . The 52-week low of the share price is at $4.56.
Company has been under the radar of several Street Analysts.OFG Bancorp is Initiated by Piper Jaffray to Neutral and the brokerage firm has set the Price Target at $7.50. The Rating was issued on Apr 8, 2016.
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company provides banking and financial services to its clients through a range of banking and financial solutions including commercial consumer auto and mortgage lending; checking and savings accounts; financial planning insurance financial service and investment brokerage and corporate and individual trust and retirement services. The Company operates through three segments: Banking Wealth Management and Treasury. The Company provides these services through various subsidiaries including a commercial bank Oriental Bank a securities broker-dealer Oriental Financial Services Corp. (Oriental Financial Services) an insurance agency Oriental Insurance Inc. (Oriental Insurance) and a retirement plan administrator Caribbean Pension Consultants Inc. (CPC). The Company has 53 branches in Puerto Rico.