OP Bancorp (NASDAQ:OPBK – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03, Zacks reports. OP Bancorp had a return on equity of 10.92% and a net margin of 14.52%. The firm had revenue of $39.54 million for the quarter.
OP Bancorp Trading Up 2.3 %
Shares of NASDAQ OPBK opened at $14.15 on Friday. The stock has a market cap of $211.12 million, a price-to-earnings ratio of 10.11 and a beta of 0.63. The business has a 50 day simple moving average of $12.64 and a 200 day simple moving average of $11.05. OP Bancorp has a 52 week low of $8.30 and a 52 week high of $14.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.01 and a current ratio of 1.02.
OP Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 3.39%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.
Insider Activity at OP Bancorp
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.00 target price on shares of OP Bancorp in a research note on Monday, August 26th.
Check Out Our Latest Report on OP Bancorp
OP Bancorp Company Profile
OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, as well as certificates of deposit. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, consumer, and home mortgage loans; trade financing products; and letters of credit, and SWIFT and export advice.
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