OFG Bancorp. (NYSE:OFG) had its price target upped by Keefe, Bruyette & Woods from $18.50 to $21.00 in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has an outperform rating on the stock.
Keefe, Bruyette & Woods has also updated their ratings on a number of other financials stocks in the last week. The firm downgraded shares of Lakeland Bancorp Inc. from an outperform rating to a market perform rating. Also, Keefe, Bruyette & Woods raised its price target on shares of Union First Market Bankshares Corp from $23.00 to $25.00. Finally, Keefe, Bruyette & Woods raised its price target on shares of UMB Financial Corp. from $47.00 to $55.00.
A number of other firms have also recently commented on OFG. Analysts at Jefferies Group raised their price target on shares of OFG Bancorp. from $20.00 to $21.00 in a research note to investors on Wednesday. They now have a buy rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of OFG Bancorp. from $18.00 to $20.00 in a research note to investors on Thursday, May 9th. They now have a buy rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of OFG Bancorp. from $17.00 to $18.00 in a research note to investors on Monday, April 29th. They now have a buy rating on the stock.
Shares of OFG Bancorp. (NYSE: OFG) traded up 0.21% during mid-day trading on Wednesday, hitting $18.89. OFG Bancorp. has a one year low of $9.98 and a one year high of $18.95. The stock’s 50-day moving average is currently $17.87. The company has a market cap of $861.9 million and a P/E ratio of 35.23.
OFG Bancorp, formerly Oriental Financial Group Inc is a diversified financial holding company. The Company’s three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provides a range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 64 financial centers.