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Shares of Ofg Bancorp Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Ofg Bancorp (NYSE:OFG) traded today at $15.45, breaking its 52-week high. So far today approximately 84,000 shares have been exchanged, as compared to an average 30-day volume of 250,000 shares.

Ofg Bancorp (NYSE:OFG) is currently priced 3.4% above its average consensus analyst price target of $14.58. Ofg Bancorp shares have support at the 50-day moving average (MA) of $14.36 and additional support at the 200-day MA of $11.29.

OFG Bancorp is the holding company for Oriental Bank. The Bank provides trust, money management, financial planning, and investment brokerage services, as well as consumer banking and mortgage banking. Oriental operates through a network of branch offices in Puerto Rico.

Ofg Bancorp share prices have moved between a 52-week high of $15.45 and a 52-week low of $7.80 and are now trading 94% above that low price at $15.10 per share. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Ofg Bancorp and will alert subscribers who have OFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ofg bancorp

Ticker(s): OFG