Jorge Colón Gerena Biography and Net Worth

Director of OFG Bancorp

Director of OFG Bancorp since 2014.

Jorge Colón Gerena is the principal shareholder, president and CEO of restaurant operating companies that have the exclusive rights to the Wendy’s, Applebee’s and Famous Dave’s Legendary Pit Bar-BBQ and Red Lobster franchises in Puerto Rico.

Since 1995, he has been the principal shareholder, president and CEO of Wendco of Puerto Rico, Inc., which owns 77 Wendy’s restaurants, generates more than $130 million in annual sales, and employs more than 3,000 people.

He also is the founder and CEO of companies that operate Applebee’s and Famous Dave’s Legendary Pit Bar-BBQ restaurants in Puerto Rico, and the chairman of holding companies for the Sizzler, Longhorn and Olive Garden restaurant chains on the Island.

Mr. Colón Gerena serves on the Boards of Directors of Center for a New Economy, an economic policy think-tank; Centro para Puerto Rico & Sila M. Calderón Foundation, a non-profit that works to eradicate poverty and empower low-income residents; Puerto Rico Tourism Company; and Central Caribbean University, the Island’s premier private medical university.

In the past, he was in charge of capital programs for the Puerto Rico Museum of Art, a Director of the Puerto Rico Restaurant Association (ASORE, its Spanish acronym), on the Advisory Council on Small Business and Agriculture to the President of the Federal Reserve Bank of New York, and Chapter Chairman of the Young Presidents’ Organization (YPO).

Mr. Colón Gerena earned a Bachelor’s in Arts & Sciences with a concentration in Business Management from Interamerican University in San Juan, and completed Executive Management courses at Northwestern University and Harvard Business School.

What is Jorge Colón Gerena's net worth?: The estimated net worth of Jorge Colón Gerena is at least $2.92 million as of July 29th, 2024. Mr. Colón Gerena owns 70,919 shares of OFG Bancorp stock worth more than $2,921,863 as of March 26th. This net worth estimate does not reflect any other assets that Mr. Colón Gerena may own. Learn More about Jorge Colón Gerena's net worth.
How do I contact Jorge Colón Gerena?: The corporate mailing address for Mr. Colón Gerena and other OFG Bancorp executives is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. OFG Bancorp can also be reached via phone at (787) 771-6800 and via email at gfishman@ofgbancorp.com. Learn More on Jorge Colón Gerena's contact information.
Has Jorge Colón Gerena been buying or selling shares of OFG Bancorp?: Jorge Colón Gerena has not been actively trading shares of OFG Bancorp within the last three months. Most recently, Jorge Colon sold 33,081 shares of the business's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $45.73, for a transaction totalling $1,512,794.13. Following the completion of the sale, the director now directly owns 70,919 shares of the company's stock, valued at $3,243,125.87. Learn More on Jorge Colón Gerena's trading history.
Who are OFG Bancorp's active insiders?: OFG Bancorp's insider roster includes Jorge Colón Gerena (Director), Néstor de Jesús (Director), Jose Fernandez (CEO), Patrick Haggarty (Director), and César Ortiz-Marcano (Chief Risk Officer). Learn More on OFG Bancorp's active insiders.
Are insiders buying or selling shares of OFG Bancorp?: During the last twelve months, insiders at the bank sold shares 5 times. They sold a total of 125,618 shares worth more than $5,357,776.36. The most recent insider tranaction occured on December, 4th when CEO Jose Rafael Fernandez sold 50,000 shares worth more than $2,262,000.00. Insiders at OFG Bancorp own 2.2% of the company. Learn More about insider trades at OFG Bancorp.
Information on this page was last updated on 12/4/2024.

Jorge Colón Gerena Insider Trading History at OFG Bancorp

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
7/29/2024	Sell	33,081	$45.73	$1,512,794.13	70,919
7/31/2023	Sell	3,277	$33.32	$109,189.64	100,000
3/3/2023	Sell	40,870	$29.76	$1,216,291.20
3/1/2023	Sell	30,000	$30.14	$904,200.00	40,870
4/25/2022	Buy	19,215	$26.01	$499,782.15	95,784
2/23/2022	Buy	1,204	$27.40	$32,989.60
2/28/2020	Buy	11,848	$16.96	$200,942.08	50,100
6/6/2018	Buy	667	$14.65	$9,771.55	30,117
5/29/2018	Buy	10,000	$13.97	$139,700.00	20,150
12/11/2015	Buy	6,000	$6.74	$40,440.00	6,000

Jorge Colón Gerena Buying and Selling Activity at OFG Bancorp

OFG Bancorp Company Overview

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Today's Range

Now: $41.20

$40.99

$41.55

50 Day Range

MA: $42.09

$38.86

$44.77

2 Week Range

Now: $41.20

$33.19

$47.66

Volume

296,936 shs

Average Volume

268,056 shs

Market Capitalization

$1.87 billion

P/E Ratio

9.76

Dividend Yield

2.49%

Beta

0.96