After Climbing 157% in Five Years, Insider Dumps Shares of Regional Bank
Insider disposed of 17% of direct holdings at $53 per share, reducing equity interest while stock trades near transaction price.
Overview
Nestor De Jesus, Director of OFG Bancorp (NYSE:OFG), sold 4,000 shares of common stock on Aug. 12, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($53.00); post-transaction value based on Aug. 12, 2026, market close ($52.88).
Details
OFG Bancorp is a regional financial holding company with $2.3 billion in market capitalization and $902.5 million in TTM revenue, demonstrating strong profitability with $220.4 million in net income. The company has delivered substantial shareholder returns, with its stock appreciating 22.58% over the past year, reflecting its strategic positioning in the Puerto Rico banking market and a diversified revenue model spanning retail and commercial banking segments.
Source
Originally published at www.fool.com.