DA Davidson Issues Positive Outlook for OP Bancorp Earnings

OP Bancorp (NASDAQ:OPBK - Free Report) - Equities research analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of OP Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $1.90 for the year, up from their prior forecast of $1.51. The consensus estimate for OP Bancorp's current full-year earnings is $1.90 per share.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) 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%.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of OP Bancorp from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, January 27th.

OP Bancorp Price Performance

NASDAQ:OPBK traded up $0.49 during mid-day trading on Thursday, reaching $13.77. 30,745 shares of the company were exchanged, compared to its average volume of 30,002. The stock has a market cap of $203.93 million, a PE ratio of 9.91 and a beta of 0.64. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $15.95 and a 200 day moving average of $14.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of OP Bancorp by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company's stock valued at $4,573,000 after buying an additional 35,288 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company's stock valued at $1,075,000 after acquiring an additional 32,060 shares during the period. Ritholtz Wealth Management grew its stake in OP Bancorp by 49.7% in the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company's stock valued at $449,000 after acquiring an additional 11,934 shares during the period. Empowered Funds LLC lifted its position in OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock valued at $628,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of OP Bancorp by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company's stock valued at $767,000 after purchasing an additional 9,447 shares in the last quarter. Institutional investors own 53.63% of the company's stock.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.49%. OP Bancorp's dividend payout ratio is presently 34.53%.

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.