OFG Bancorp director Nestor De Jesus sells $212,000 in common stock

Nestor De Jesus, a director at OFG Bancorp, sold 4,000 shares of the company's common stock on August 12, 2026. The sale amounted to $212,000, with each share priced at $53.00. As a result, Mr. De Jesus now owns 20,040 shares of OFG Bancorp common stock. The transaction took place as OFG shares are trading close to their 52-week high of $53.98, having provided a 34% return year-to-date.

However, an InvestingPro analysis suggests the stock may be overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list. Those interested in a more comprehensive analysis can consult OFG’s Pro Research Report, one of 1,400+ reports available for US equities, along with 10 ProTips on the platform.

Meanwhile, OFG Bancorp recently reported stronger-than-expected second-quarter 2026 results, with earnings per share of $1.39 and revenue of $190.3 million, exceeding Wall Street expectations. The company also announced an increased net interest margin to 5.45%, leading to an upgraded outlook for the remainder of the year. This growth continues a pattern of robust performance for OFG Bancorp.

Truist Securities responded to these developments by raising its price target for OFG Bancorp shares from $55 to $58 and maintaining a Buy rating, citing the higher net interest margin and ongoing positive credit trends as the primary factors for the upgrade. These recent events underscore OFG Bancorp’s financial strength and strategic position.