OP Bancorp (NASDAQ:OPBK) Announces Quarterly Earnings Results

OP Bancorp (NASDAQ:OPBK) 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

In related news, insider Ki Won Yoon sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.18, for a total value of $60,900.00. Following the completion of the sale, the insider now owns 47,137 shares of the company’s stock, valued at approximately $574,128.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 21.34% of the stock is currently owned by company insiders.

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.

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.