DA Davidson Issues Negative Forecast for OP Bancorp Earnings

OP Bancorp (NASDAQ:OPBK) – Equities research analysts at DA Davidson decreased their FY2025 earnings estimates for OP Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $1.46 for the year, down from their previous estimate of $1.47. The consensus estimate for OP Bancorp’s current full-year earnings is $1.90 per share.

Separately, Keefe, Bruyette & Woods cut their price target on shares of OP Bancorp from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

OP Bancorp Stock Performance

Shares of OPBK stock opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57. The company has a market capitalization of $165.40 million, a P/E ratio of 7.98 and a beta of 0.54. The stock has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $14.38.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%.

OP Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is currently 34.53%.

Hedge Funds Weigh In On OP Bancorp

Several hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in OP Bancorp during the 4th quarter valued at $95,000. Millennium Management LLC lifted its holdings in OP Bancorp by 96.1% in the fourth quarter. Millennium Management LLC now owns 69,481 shares of the company’s stock worth $1,098,000 after buying an additional 34,054 shares during the period. Cubist Systematic Strategies LLC bought a new stake in OP Bancorp during the 4th quarter valued at approximately $68,000. Bridgeway Capital Management LLC grew its holdings in shares of OP Bancorp by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company’s stock worth $3,611,000 after acquiring an additional 915 shares during the period. Finally, Bank of America Corp DE raised its position in shares of OP Bancorp by 880.9% in the 4th quarter. Bank of America Corp DE now owns 5,758 shares of the company’s stock worth $91,000 after acquiring an additional 5,171 shares in the last quarter. 53.63% of the stock is owned by hedge funds and other institutional investors.

About OP Bancorp

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.