{
  "id": 954979,
  "title": "OFG Bancorp director Nestor De Jesus sells $212,000 in common stock",
  "url": "https://urgent.news/2026/08/15/ofg-bancorp-director-nestor-de-jesus-sells-212-000-in-common-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T04:30:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ofg-bancorp-director-nestor-de-jesus-sells-212000-in-common-stock-93CH-4861734"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "OFG Bancorp director Nestor De Jesus sold 4,000 shares on August 12, 2026",
    "Sale amounted to $212,000 at $53.00 per share",
    "Analysts note stock may be overvalued relative to fair value"
  ],
  "editors_take": "The sale of $212,000 in common stock by a director suggests potential caution among insiders even as the company reports strong financials and receives upgraded outlooks from analysts like Truist Securities.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}