Keefe, Bruyette & Woods Continues Oriental Financial Group Outperform Rating (OFG)

Keefe, Bruyette & Woods continued its Oriental Financial Group OFG Outperform rating in a research report published today. Keefe, Bruyette & Woods has previously given Oriental Financial Group a $19 price target. In the report, Keefe, Bruyette & Woods states, "Another messy quarter due to premium amortization and noise in the covered loan book. OFG continues to become more bank-like while deleveraging the securities portfolio. Credit quality is relatively stable and capital is likely the highest on the island. Given its excess capital levels, the company announced a buyback." Shares of Oriental Financial Group were at $12.31 at the time of posting in after hours trading, reflecting no change from Friday's market close.