The SEVP & COO of Oriental Financial Group is Exercising Options


Today it was reported that the SEVP & COO of Oriental Financial Group (OFG), Ganesh Kumar, 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 Ganesh Kumar retained stocks.

Following Ganesh Kumar’s last OFG Buy transaction on March 09, 2017, the stock climbed by 8.8%. This is Kumar’s first Buy trade following 11 Sell transactions.

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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 198K.

Starting in June 2018, OFG received 13 Buy ratings in a row.

The insider sentiment on Oriental Financial Group has been positive according to 15 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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