OFG Bancorp Chief Strategy Officer Ganesh Kumar Sells 5,689 Shares
OFG Bancorp (NYSE:OFG), a financial institution based in San Juan, Puerto Rico, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers various deposit products and loans, as well as financial planning, insurance, investment brokerage, and investment banking services. It primarily serves clients in Puerto Rico, the United States, and the British Virgin Islands.
According to a recent SEC filing, Chief Strategy Officer of OFG Bancorp, Ganesh Kumar, sold 5,689 shares of the company on December 19, 2023. The transaction was executed at an average price of $38 per share, resulting in a total value of $216,182.
Over the past year, the insider has sold a total of 144,094 shares of OFG Bancorp and has not made any purchases of the stock. The insider transaction history for OFG Bancorp shows a pattern of selling, with 22 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, OFG Bancorp shares were trading at $38, giving the company a market cap of $1.776 billion. The price-earnings ratio stood at 9.91, which is higher than the industry median of 9.07 but lower than the companys historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.09, indicating that OFG Bancorp was Fairly Valued based on its GF Value of $34.81. The GF Value is an intrinsic value estimate that considers historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at OFG Bancorp, which may be of interest to investors monitoring insider behaviors.
The GF Value image provides a visual representation of the stock's current valuation in relation to its GuruFocus Value, supporting the assessment that the stock is Fairly Valued at the current price level.
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.
This article first appeared on GuruFocus.
