OFG Crosses Below Key Price/Book Valuation Level

In trading on Wednesday, shares of OFG Bancorp ( OFG) crossed below their last reported book value — defined as common shareholder equity per share — of $15.23, changing hands as low as $15.15 per share. OFG Bancorp shares are currently trading down about 2.8% on the day. The chart below shows the one year performance of OFG shares, versus its 50 and 200 day moving averages:

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OFG Bancorp Moving Averages Chart

Looking at the chart above, OFG's low point in its 52 week range is $10.52 per share, with $19.33 as the 52 week high point — that compares with a last trade of $15.15.

According to the ETF Finder at ETF Channel, OFG makes up 1.15% of the Dynamic Financial Sector Portfolio ETF ( PFI) which is trading lower by about 0.4% on the day Wednesday.
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