10 Best Mid Cap Stocks to Buy According to Billionaires

5. OFG Bancorp (NYSE:OFG)

Number of Billionaire Holdings: 9

OFG Bancorp (NYSE:OFG) is among the best mid-cap stocks to buy according to billionaires. It is a financial holding company operating through Oriental Bank and its affiliates, offering banking, lending, wealth management, and insurance services in Puerto Rico and the U.S. Virgin Islands. Founded in 1964, the company has steadily expanded its presence through strategic lending initiatives and digital transformation.

In Q2 2025, OFG Bancorp (NYSE:OFG) reported a 7.08% year-over-year increase in loans, driven by strong performance in commercial, auto, and consumer lending. Loan production totaled $609 million in Q4 2024, highlighting robust activity in Puerto Rico’s mortgage and commercial markets.

A key pillar of OFG’s growth is its “Digital First” strategy, which emphasizes enhancing customer experience and reducing operational costs. This digital push has contributed to the company’s increased market share and competitive positioning, while also supporting profitability. In Q2 2025, earnings per share reached $1.16, beating expectations, with profit margins improving to 32% due to operational efficiency.

OFG Bancorp (NYSE:OFG) also maintains a strong capital position, with nearly $30 million remaining in its share repurchase program, signaling confidence in its financial stability and growth outlook. However, challenges remain, including rising credit loss provisions and economic uncertainties tied to Puerto Rico’s infrastructure and transition from federal to private investment.