Today it was reported that the GC & Secretary of Oriental Financial Group (OFG), Carlos Souffront, exercised options to buy 1,493 OFG shares at $8.28 a share, for a total transaction value of $12.36K. The options were close to expired and Carlos Souffront retained stocks.
Following Carlos Souffront’s last OFG Buy transaction on March 03, 2017, the stock climbed by 8.1%. This recent transaction increases Carlos Souffront’s holding in the company by 3.65% to a total of $875.3K.
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Based on Oriental Financial Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $113 million and quarterly net profit of $24.74 million. In comparison, last year the company earned revenue of $99.86 million and had a net profit of $17.07 million. OFG’s market cap is $907.4M and the company has a P/E ratio of 13.59. Currently, Oriental Financial Group has an average volume of 240.3K.
Starting in June 2018, OFG received 13 Buy ratings in a row.
The insider sentiment on Oriental Financial Group has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Carlos Souffront’s trades have generated a 96.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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OFG Bancorp operates as a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer and mortgage loans.
