DA Davidson Issues Negative Forecast for OP Bancorp Earnings

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

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

OP Bancorp Stock Performance

Shares of NASDAQ:OPBK traded up $0.51 during trading on Friday, reaching $11.36. 14,189 shares of the stock were exchanged, compared to its average volume of 30,599. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57. The stock has a 50-day moving average price of $12.93 and a 200-day moving average price of $14.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market cap of $169.41 million, a PE ratio of 7.96 and a beta of 0.54.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its earnings results 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 return on equity of 10.64% and a net margin of 13.68%.

Institutional Trading of OP Bancorp

A number of institutional investors have recently bought and sold shares of the business. Truffle Hound Capital LLC bought a new stake in shares of OP Bancorp in the fourth quarter valued at approximately $9,170,000. Rhino Investment Partners Inc grew its position in OP Bancorp by 18.6% during the 4th quarter. Rhino Investment Partners Inc now owns 565,494 shares of the company's stock worth $8,940,000 after acquiring an additional 88,869 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in OP Bancorp by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 514,902 shares of the company's stock worth $8,140,000 after purchasing an additional 18,709 shares in the last quarter. Bridgeway Capital Management LLC raised its position in OP Bancorp by 0.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company's stock valued at $3,611,000 after purchasing an additional 915 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of OP Bancorp by 161.3% during the fourth quarter. Susquehanna International Group LLP now owns 156,342 shares of the company's stock valued at $2,472,000 after purchasing an additional 96,519 shares in the last quarter. Institutional investors own 53.63% of the company's stock.

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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.23%. The ex-dividend date was Thursday, February 6th. OP Bancorp's dividend payout ratio (DPR) is 34.53%.

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.