OP Bancorp (NASDAQ:OPBK) Plans Quarterly Dividend of $0.12

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, February 6th.

OP Bancorp has increased its dividend payment by an average of 15.7% annually over the last three years. OP Bancorp has a dividend payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings.

OP Bancorp Trading Up 3.7 %

Shares of NASDAQ OPBK opened at $13.77 on Tuesday. The company’s 50 day simple moving average is $15.95 and its 200 day simple moving average is $14.15. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57. The firm has a market capitalization of $203.93 million, a P/E ratio of 9.91 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

OP Bancorp (NASDAQ:OPBK) last posted its earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. On average, analysts predict that OP Bancorp will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.