On November 6, 2024, Jorge Colon, Director at OFG Bancorp (OFG, Financial), executed a sale of 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 49,743 shares in the company.
OFG Bancorp, based in San Juan, Puerto Rico, operates as the financial holding company for Oriental Bank, providing a range of banking and financial services. It offers deposit and loan services, as well as wealth management, insurance, and financial planning services.
The shares were sold at a price of $46.4 each, valuing the transaction at $464,000. This sale has adjusted the insider's stake in OFG Bancorp to a total of 49,743 shares, which are currently valued at approximately $2,307,713.20, based on the latest closing price.
Over the past year, Jorge Colon has sold a total of 54,257 shares of OFG Bancorp and has not made any purchases. The broader insider transaction trend at OFG Bancorp shows a total of 14 insider sells and no insider buys over the past year.
The current market cap of OFG Bancorp is approximately $2.04 billion. The stock's price-earnings ratio is 10.79, which is slightly higher than the industry median of 10.69 but lower than the company’s historical median.
According to the GF Value, the intrinsic value of OFG Bancorp is estimated at $35.66 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.3.
This valuation is based on historical trading multiples, an adjustment factor from GuruFocus based on past returns and growth, and future business performance estimates from Morningstar analysts.
The recent insider selling activity and valuation metrics provide important data points for investors monitoring OFG Bancorp's stock performance and insider behaviors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
